Link PAN-Aadhaar before buying property! Otherwise 20% TDS will be deducted, not 1%.

0
123
Link PAN-Aadhaar before buying property! Otherwise 20% TDS will be deducted, not 1%.
Link PAN-Aadhaar before buying property! Otherwise 20% TDS will be deducted, not 1%.

PAN-Aadhaar Link Online: Have you not linked your PAN-Aadhaar yet? So link it quickly, otherwise you may face problems while buying a house.

PAN-Aadhaar Link Mandatory: You must be well aware of how important documents Aadhaar and PAN card are for Indian citizens. You must be aware of all the government guidelines regarding linking the two for the last several years. Both the government documents are known as our identity. The work of Aadhaar is like a kind of identity card. Whereas, PAN card is known as a financial document. Aadhaar and PAN card are used for most of the works.

- Advertisement -

It is necessary to link Aadhaar and PAN card with each other. If you do not do this, you may have to pay TDS up to 20 percent. Not only this, if you are thinking of buying a house or flat, then the problem may increase for you if there is no link between the two.

It is necessary to have a link to PAN-Aadhaar Card.

According to the new income tax rules, it is necessary to link PAN-Aadhaar card. If you do not do this, you may have to pay heavy tax. Apart from this, you may also face difficulties while buying a house. You may have to pay more TDS.

20% TDS will have to be paid on purchasing property

If a person buys a property worth more than Rs 50 lakh, he has to pay 1% TDS. Whereas, the seller gives 99% of the amount to the government. However, if the property buyer does not have Aadhaar-PAN link, then he will have to pay 20% TDS instead of 1% TDS.

How to Link PAN-Aadhaar Card Online in Hindi

  • Go to the official website of Income Tax e-filing.
  • Here you will see the option of links on the left side, click on it.
  • After this the option of ‘Link Aadhaar’ will be shown, click on it.
  • Here enter your Aadhar number and PAN card number and also enter your name.
  • After this an OTP will come on your registered phone number.
  • Enter the OTP received on the phone and then PAN-Aadhaar will be linked in this way.

Pay special attention to this

You have to take special care that the information of your Aadhar card and PAN card are same. This is because during the process of PAN-Aadhaar linking, the information is cross checked by the Income Tax Department. In such a situation, it is important that the information of both the cards is valid.

2023 best phone! You will be forced to buy after knowing the price..More Details

- Advertisement -