Should NRIs link their Aadhaar card and PAN card before 31/03/2023?
The following categories are exempted from Aadhaar-PAN linking
(i) NRIs
(ii) Not a citizen of India
(iii) age > 80 years as of the date
(iv) state of residence is ASSAM, MEGHALAYA or JAMMU & KASHMIR
Refer to Department of Revenue Notification no 37/2017 dated 11th May 2017
Why NRIs Should Link Their Aadhaar Card and PAN Card Before 31/03/2023
Subheading 1: What are an Aadhaar Card and PAN Card?
An Aadhaar card is a unique identification number issued by the Indian government that serves as proof of identity and address. On the other hand, a PAN card is a ten-digit alphanumeric number issued by the Income Tax Department of India to taxpayers and serves as a unique identifier.
Subheading 2: Why Should NRIs Link Their Aadhaar Card and PAN Card?
It is mandatory for all taxpayers, including Non-Resident Indians (NRIs), to link their Aadhaar cards with their PAN cards as per the latest update by the Indian government. NRIs who have a taxable income in India need to link their Aadhaar card with their PAN card by 31st March 2023, failing which their PAN card may become invalid.
Subheading 3: Benefits of Linking Aadhaar Card and PAN Card
Linking an Aadhaar card with a PAN card has several benefits, including:
Prevention of Tax Evasion: Linking an Aadhaar card with a PAN card helps in preventing tax evasion as it ensures that only genuine taxpayers are availing of tax benefits and not individuals using multiple PAN cards.
Easy and Hassle-free Transactions: Linking an Aadhaar card with a PAN card makes transactions easy and hassle-free as it eliminates the need to provide multiple documents while making transactions.
Faster Refunds: Linking an Aadhaar card with a PAN card helps in faster processing of refunds and reduces the chances of errors in tax filings.
Subheading 4: How to Link Aadhaar Card with PAN Card
NRIs can link their Aadhaar card with their PAN card through the official website of the Income Tax Department of India. They need to provide their PAN card and Aadhaar card details, and once the details are matched, the linking process will be completed.
