PAN or Permanent account number is an identification code issued by the Department of Income Tax imprinted on a card. It is used to identify individuals, families, and corporates who pay Income tax, period. PAN is a unique 10 character code which consists of both number and letters. Every 4th character of a PAN card represents for whom it is issued.
PAN card is also issued for foreign investors but it does not guarantee Indian citizenship. The Government of India made it mandatory for every individual to have a PAN card for receiving transactions from legal sources. This also helps Income Tax Department to monitor all the transactional activities of an account. PAN is a must for all the taxpayers and manufacturers. Department of Income Tax also made it mandatory to link Aadhaar number to PAN.
How to sync or link Aadhaar Number to PAN Card in incometaxindiaefiling.gov.inTo link Aadhaar Number to PAN, you need to visit Link Aadhaar website of Department of Indian Tax Link to the official website:
The web page asks its users to fill out 3 mandatory details
- PAN Number
- Aadhaar Number
- Name of the applicant as per Aadhaar card
After the request is received, the common details on both Aadhaar number and PAN card are validated to link Aadhaar Number to PAN.
Aadhar number is a unique 12 digit identification code imprinted on a card. It is issued to every citizen of India by the Indian Government. The Unique Identification Authority of India (UDAI) is the government body responsible to manage all the Aadhaar numbers and Aadhaar identification cards.
Aadhar Card is a proof of Indian residence rather Indian citizenship. The Aadhaar Card has become a prioritized document in every possible sector. Either it is a school or a company, Aadhaar card is the only document vastly demanded. If you have an Aadhaar Card, then you can bank on its advantages for government process like
- Acquisition of Passport
- Opening Bank Accounts
- Digital Life Certificate
- Receipt of Monthly Pension
- Jan Dhan Yojna
- Disbursing Provident Fund
- LPG Subsidy