Your PAN card will become inoperative from April 2021 if you don't do this

News Network
March 22, 2021

If your Permanent Account Number is not linked to your Aadhaar card, your PAN card will turn useless from next month. The Central government had extended the deadline to link PAN with Aadhaar several times. Unless the government extends the deadline again, the last date to link the documents is 31 March 2021. 

All such PAN cards which are not linked to Aadhaar would be useless and declared "inoperative" after the deadline ends. If your PAN is not linked to your Aadhaar, then from 1 April you will not be able to do any financial transaction.

Inoperative PAN card may lead to a penalty

If you fail to link the two documents by the deadline and your PAN becomes inoperative, it will be assumed that your PAN has not been furnished as required by the law and a penalty of ₹10,000 may apply as per Section 272B of the Income Tax Act.

Why is PAN mandatory?

Having a PAN card is mandatory for several purposes like opening a bank account, buying mutual funds or shares and even making cash transactions of over ₹50,000.

PAN Aadhaar card linking: How to do

•    To link your PAN with Aadhaar, you can go to the income tax department's e-filing portal.
•    Click on the Link Aadhaar section on the left.
•    You need to fill PAN number, Aadhaar number and name.
•    Fill in the CAPTCHA.
•    Click at the 'Link Aadhaar' option and your PAN Aadhaar Linking will get complete.
•    The I-T department will validate your name, date of birth and gender against Aadhaar details after which the linking will be done.

How to link PAN with Aadhaar through SMS?

If you are unable to link your PAN and Aadhaar using the e-filing website of the department, then you can link your PAN with the Aadhaar number by sending an SMS to 567678 or 56161 from the registered mobile number. In order to do so, you need to type UIDPAN and send it.

Here is the format: UIDPAN (12-digit Aadhaar number) (10-digit PAN) and send it to 567678 or 56161.

How to link PAN with Aadhaar manually

If you wish to link your PAN card and Aadhaar manually, you can visit a service centre for PAN. You will be required to fill in a form 'Annexure-I' along with supporting documents - a copy of the PAN card and the Aadhaar card. Unlike online services, this service is not free of charge. An individual is required to pay a prescribed fee to them.

 

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News Network
October 22,2024

Bengaluru, Oct 22: Torrential rains wreaked havoc in Karnataka’s capital on Monday night, leading to significant flight disruptions at Kempegowda International Airport (KIA). According to airport authorities, over 20 flights were delayed due to the downpour, as reported by ANI.

Among the diversions were an Air India flight from Delhi and three IndiGo flights from Delhi, Hyderabad, and Chandigarh, all rerouted to Chennai. A Thai Lion Air flight from Thailand also had to be diverted to Chennai amid the heavy rainfall.

After western Bengaluru bore the brunt of Sunday’s rains, it was the northern, southeastern, and eastern parts of the city that were pounded by intense thundershowers on Monday. Rainfall across the city varied from light to very heavy, leaving many areas waterlogged.

By 11 PM, Sahakaranagar and Yelahanka in northern Bengaluru had received 154.4 mm and 110 mm of rainfall, respectively, according to data from Weather Union, a platform for crowd-sourced weather information. Other areas that saw heavy downpours included Devanahalli and Koramangala (88.2 mm each), HSR Layout (81.6 mm), and BEL Road (70.4 mm).

While RR Nagar, the most affected neighborhood on Sunday, saw a significant drop with only 19.4 mm of rainfall on Monday evening, other areas faced relentless showers. HAL airport recorded 42.3 mm of rain until 8:30 PM, with a monthly total of 228.5 mm, far exceeding the normal average of 177.3 mm.

Kempegowda International Airport recorded 105 mm of rainfall, while GKVK saw 21.2 mm as rains intensified late into the night, leaving northern and eastern Bengaluru grappling with the aftermath.

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News Network
October 17,2024

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Israeli media have revealed that a plan is underway to ethnically cleanse northern Gaza and kill any Palestinian who remains there.

Three Israeli reserve soldiers deployed to Gaza told Haaretz this week that they believe the “Generals’ Plan,” also known as the Eiland Plan, is being implemented.

“The goal is to give the residents who live north of the Netzarim area a deadline to move to the south of the Strip. After this date, whoever will remain in the north will be considered an enemy and will be killed,” a soldier stationed in the Netzarim Corridor was quoted as saying.

The soldier said the plan does not conform to any standard of international law. 

“People sat and wrote a systematic order with charts and an operational concept, at the end of which you shoot whoever isn’t willing to leave. The very existence of this idea is unfathomable.”

A second soldier said “the commanders say openly that the Eiland Plan is being promoted by the military.”

There are now signs that even if the policy has not been adopted by top military officials who are reportedly discussing it, the plan is already being carried out, the report said on Wednesday.  

Haaretz journalist Amos Harel wrote, "Ideas such as deliberately opening fire close to a population and even steps towards starving the inhabitants are being debated." 

Major international aid organizations have called on leaders and the international community to stop Israel’s forced displacement in northern Gaza.

“The Israeli forces’ assault on Gaza has escalated to a horrifying level of atrocity,” said organizations such as Oxfam, Medical Aid for Palestinians (Map), ActionAid, Islamic Relief, Christian Aid and other UK-based charities on Tuesday.

“This is not an evacuation; this is forced displacement under gunfire. Since 1 October, no food has been allowed into the area, and civilians are being starved and bombed in their homes and their tents.”

Over the past 10 days, Israeli forces ordered hundreds of thousands of people to flee northern Gaza before launching a new offensive. 

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News Network
October 22,2024

Mangaluru, Oct 22: A Mangaluru resident has fallen victim to a ₹20 lakh scam after being lured into a fraudulent investment scheme by individuals posing as representatives of J.P. Morgan India. The case, filed at Kadri police station, highlights the growing threat of investment fraud in the region.

The victim, whose identity has not been disclosed, was contacted on September 24 by a man named Vishwanathan, who falsely introduced himself as the Chief Investment Strategist for J.P. Morgan India. Shortly after, a woman named Neeta Sharma reached out, using multiple phone numbers to convince the victim of her association with the prestigious financial firm. She shared a company link and urged the victim to invest ₹20 lakh, promising high returns.

On October 14, after being convinced by Neeta's claims, the victim transferred ₹20 lakh to the fraudulent account. Following this, Neeta instructed the victim to purchase 1,000 shares at ₹240 per share, which he did. The next day, she advised buying 7,900 more shares at ₹250.95 each, further strengthening her false credibility.

However, trouble arose when Neeta told the victim to withdraw the invested amount. Instead of receiving the full sum, the victim was sent only ₹1,500, transferred from an unknown account. When questioned, Neeta could not provide a clear explanation for the discrepancies.

Sensing the deceit, the victim demanded a full refund of his investment. Neeta, however, brazenly asked for an additional ₹4 lakh, prompting the victim to realize the extent of the fraud. He then filed a formal complaint with the Kadri police.

This incident serves as a critical reminder for the public to remain vigilant against fraudulent schemes, particularly those involving investment promises from unverified sources. Always ensure that you verify the legitimacy of financial institutions and representatives before transferring funds. 

The Kadri police are investigating the case and have urged the public to stay alert and report any suspicious investment schemes.

Tips to Protect Yourself from Investment Scams:

1.    Verify Credentials: Always cross-check the credentials of anyone claiming to represent a reputable financial institution. Use official contact information from the company's website to verify.

2.    Be Skeptical of Unsolicited Offers: Be cautious of unexpected investment offers, especially those that promise unusually high returns.

3.    Conduct Thorough Research: Before investing, investigate the company and the proposed investment thoroughly. Look for reviews, ratings, and any red flags.

4.    Report Suspicious Activity: If you suspect a scam, report it immediately to local authorities or financial regulatory bodies to prevent further fraud.

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