Aadhaar-PAN link: Income Tax Department issues step-by-step guide to avoid higher TDS. Check here
Aadhaar-PAN link: The Income Tax Department has recently issued a detailed guide outlining step-by-step instructions on how individuals can link their Aadhaar number with their Permanent Account Number (PAN). This initiative aims to facilitate the process for taxpayers and prevent the deduction of higher Tax Deducted at Source (TDS) rates.
By linking Aadhaar and PAN, taxpayers can avoid facing higher TDS rates on various financial transactions and income sources.
“Kind Attention, Taxpayers! To avail of the benefits of CBDT Circular No.6/2024 dtd 23rd April 2024, do remember to link your PAN with your Aadhaar before May 31st, 2024," the income tax department shared in a post on social media platform X on May 29.
1) Visit the e-Filing Portal Home page and click on 'Link Aadhaar' in the Quick Links section, or log into the e-Filing portal and click on 'Link Aadhaar' in the Profile section.
2) Enter your PAN and Aadhaar Number.
3) Click on 'Continue' to Pay Through e-Pay Tax.
4) Enter your mobile number to receive OTP.
5) After OTP verification, you will be redirected to the e-Pay Tax page.
6) Click on 'Proceed'.
7) Select the relevant Assessment Year and Type of Payment as 'Other Receipts' (500) and click 'Continue'.
8) After successful payment, revisit the ' Link Aadhaar' page.
9) Once the payment details are verified, click 'continue' to submit the PAN-Aadhaar link request.
According to the CBDT circular dated April 23, 2024, “Consequent to the notification substituting rule 114 AAA of the Income-tax Rules, 1962 (the Rules) vide notification no. 15 of 2023 dated 28th March, 2023, it is hereby clarified that a person who has failed to intimate the Aadhaar number following section 139AAA of the Income-tax Act, 1961 (the
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