ATTENTION - LINK PAN WITH AADHAR BY 30th June 2021 - HOW TO LINK AADHAR TO PAN CARD - LAST DATE June 30, 2021

LINK PAN and AADHAR

As per Section 139AA of the Income Tax Act 1961, every individual including Non-Resident Indians (holding PAN & Aadhaar number) is required to link their PAN with their Aadhaar by 30th June 2021. Here are some useful links for you: Income Tax portal online Apply for PAN Card  Get Aadhar Card sitting at home The last date for linking PAN and Aadhar is 30th June 2021 In case your PAN is not linked with Aadhaar by 30th June’21: • Your PAN will become inoperative • TDS deduction on interest earned at 20% / TCS (wherever applicable) • You may have difficulties in operating your Bank accounts If you are an Indian Resident and are a Forex Cardholder: TCS is applicable whenever the aggregate withdrawal of foreign exchange in a financial year exceeds Rs 7 lakhs under LRS. Below are the TCS rates: Purpose of Remittance Normal TCS Rate Higher TCS Rate (applicable in case PAN is not linked to Aadhaar) Remittance towards pursuing Overseas Education with the source of funds as educational loan from specified Financial Institution 0.50% 5% Other LRS Remittances 5% 10% If you are investing in Mutual Funds through HDFC Bank broker code (Offline/Online ISA/InvestTrack/InvestNow): There will be a deduction of higher tax on your dividends and possible restriction on your future Mutual Funds transactions.