The Income Tax Department released a comprehensive guide that provides step-by-step directions for individuals to link their Permanent Account Number (PAN) with their Aadhaar number. The goal of this program is to make the process easier for taxpayers and stop higher Tax Deducted at Source (TDS) rates from being deducted.
Taxpayers can avoid paying higher TDS rates on a variety of financial activities and income sources by connecting their PAN and Aadhaar.
Attention, Taxpayers! The income tax department wrote on May 29 on social media site X, “Remember to link your PAN with your Aadhaar before May 31st, 2024, to avail the benefits of CBDT Circular No.6/2024 dtd 23rd April 2024.”
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, following the notification substituting rule 114AAA of the Income-tax Rules, 1962:
Without incurring any late fees, the deadline for filing your Income Tax Returns (ITR) for the income received in FY 2023-24 (AY 2024-25) is July 31, 2024.
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