PAN Card New Rule: PAN Card (Permanent Account Number) is an important document for Indian citizens, which is used in financial transactions, filing income tax returns, opening a bank account, and many other financial activities. Recently, the government has implemented some new rules for PAN card holders, which will affect the use of PAN card and related processes. Let us know what has changed in these new rules.
1. PAN and Aadhaar linking mandatory
The first and most important change is that now it has been made mandatory for all PAN card holders to link PAN and Aadhaar. The government has taken this decision with the aim that it will help prevent tax evasion and make the financial system more transparent. If you have not linked your PAN card to Aadhaar, then your PAN card may be deactivated. The government has repeatedly warned about the last date of Aadhaar-PAN linking, and it is necessary to do it before time.
2. Restrictions on financial transactions without PAN card
Under the new rules, if a person does not have a PAN card, he will not be able to do important financial transactions. For example, if you do a bank transaction in a large amount or purchase property, then it will be necessary to have a PAN card. Without it, these transactions can be restricted.
3. Strict verification process on PAN card
Now the process of PAN card application and its verification has been tightened. Any kind of wrong information given in this can result in the rejection of the PAN card application. The government has taken this step to prevent the increase in the number of fake PAN cards. Therefore, it is very important to provide all the information correctly and with the correct documents while applying for a PAN card.
4. Digital PAN Card Option
PAN card holders have also been provided with the facility of digital PAN card. This means that now you can get your PAN card in a digital form as well, which will make the use of PAN card even easier. You can use this digital PAN card in works related to e-governance.
