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KYC Update: Sebi Asks Investors To Link PAN With Aadhaar By March 31, Check Details

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[ad_1] Last Updated: March 09, 2023, 15:07 IST The provisions of the Income-tax Act make it mandatory for every person who has been allotted a PAN to intimate his/her Aadhaar number to the prescribed authority All existing investors are required to ensure linking of their PAN with Aadhaar number prior to March 31, 2023, for continual and smooth transactions in the securities market. Capital markets regulator Sebi on Wednesday asked all investors to link their PAN with Aadhaar number by March-end for continual and smooth transactions in the securities market. The non-compliance with this would be considered non-KYC compliant, and there could be restrictions on securities and other transactions until the Permanent Account Number (PAN) and Aadhaar are linked, Sebi said in a statement. The Central Board of Direct Taxes (CBDT) issued a circular in March 2022, whereby the PAN allotted to a person would become inoperative if it is not linked with Aadhaar by March 31, 2023, and would be l

How To Link PAN and Aadhaar Through SMS?

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[ad_1] Know how to link PAN and Aadhaar via SMS. If you have not yet linked the PAN card with Aadhaar, then you need to link them by March 31, 2023. Even as the PAN-Aadhaar deadline is fast approaching, just a week is left for you to link these two key documents. Failing this will make your permanent account number, or PAN, inoperative, and thus you will not be able to get key government services using PAN. Here’s how you can link your Aadhaar card with PAN: Via SMS 1. Type “UIDPAN < 12-digit Aadhaar number > < 10-digit PAN > " 2. Send this SMS to 56161 or 567678 using your registered mobile number. Via Income Tax Department Portal Step 1: Visit ‘ https://www.incometax.gov.in/iec/foportal/ ‘, the e-filing portal of the I-T department. Step 2: Click on the ‘Link Aadhaar’ option under the ‘Quick Links’ section of the webpage. Step 3: This will redirect you to a new page where the PAN number, Aadhaar number and other required details like your name need to be ente