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కొత్త పాన్ కార్డ్ అప్లై చెయ్యబడును?
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about the video:-
Linking PAN (Permanent Account Number) with Aadhaar is a crucial requirement mandated by the Indian government. PAN is a unique 10-character alphanumeric identifier issued by the Income Tax Department to individuals and entities, while Aadhaar is a biometric and demographic identification system issued by the Unique Identification Authority of India (UIDAI).

The linkage of PAN with Aadhaar serves several purposes:

1. **Prevention of Duplicate PANs**: Linking helps in identifying and eliminating duplicate PANs, ensuring each taxpayer has a unique identification number.

2. **Simplifying Financial Transactions**: It facilitates easier verification and authentication during financial transactions and interactions with government agencies.

3. **Income Tax Filing**: Aadhaar-PAN linkage is necessary for filing income tax returns. It ensures that tax assessments and refunds are processed smoothly.

4. **Financial Regulation Compliance**: It aids in compliance with various financial regulations and helps in monitoring large financial transactions.

5. **Government Subsidies and Services**: Aadhaar-PAN linkage is also crucial for availing government subsidies, benefits, and services.

To link PAN with Aadhaar, individuals can visit the official Income Tax e-filing portal or through other designated platforms provided by the Income Tax Department. The process typically involves entering basic details such as PAN, Aadhaar number, and verifying the details through an OTP (One-Time Password) sent to the registered mobile number linked with Aadhaar.

Failure to link PAN with Aadhaar may lead to consequences such as invalidation of PAN or difficulties in income tax processing. Therefore, it is essential for individuals to ensure timely compliance with this requirement as per the directives issued by the authorities.

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