Now Reading: Applying for PAN Card? Aadhaar to be mandatory for Permanent Account Number; new rule likely from July 1, 2025
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Applying for PAN Card? Aadhaar to be mandatory for Permanent Account Number; new rule likely from July 1, 2025
Applying for PAN Card? Aadhaar to be mandatory for Permanent Account Number; new rule likely from July 1, 2025
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Applying for a new PAN Card? From July 1, 2025 the Central Board of Direct Taxes intends to implement mandatory Aadhaar authentication for acquiring new Permanent Account Number (PAN) playing cards.At current, people can apply for a PAN utilizing their title, delivery date proof or various identification paperwork. “The move for Aadhaar-based verification aligns with the digitalisation drive and efforts to ensure accountability and compliance in tax filing,” a senior official instructed ET.
New PAN Card Rules 2025
- This signifies that in the event you apply for a new PAN Card after July 1, 2025, it’s going to be obligatory for you to have an Aadhaar card. Your Aadhaar card will be used for verification functions to course of your PAN card software.
- The earnings tax portal will implement new software necessities beginning July.
- It’s necessary to word that present PAN holders should additionally hyperlink their playing cards with Aadhaar. The deadline for current cardholders to join Aadhaar with PAN with out incurring penalties is December 31, 2025. Any PAN playing cards not linked to Aadhaar will stop to perform from the next 12 months.
- The
Income Tax division mandated Aadhaar linkage after discovering people acquiring a number of PANs or utilizing others’ PANs for tax evasion functions.
Several cases revealed the misuse of a number of PANs for fraudulent GST registrations. As of March 2024, India had over 740 million PAN cardholders, with 605 million having accomplished their Aadhaar linkage.Also Read | Income Tax Return e-filing: Can you retain switching between new and outdated tax regime yearly? What taxpayers ought to knowMeanwhile, the I-T division is rolling out the PAN 2.0 mission, which is an development in digitalising the PAN and TAN administrative framework. The enhanced system seeks to ship superior taxpayer companies by unified platforms, making certain streamlined operations for people holding PAN/TAN credentials.Existing PAN cardholders can proceed utilizing their playing cards with none extra steps underneath the new framework. The present PAN playing cards preserve their validity and performance inside PAN 2.0.
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