Bulk PAN-Aadhaar Status

As per Rule 114AAA of Income tax Rules, 1962 PAN of taxpayer shall become inoperative if it is not linked to Aadhaar on or before 31st March 2021 and it shall be deemed that he has not furnished the PAN

• Pursuant to this, he shall be liable for all the consequences under the Income tax Act, 1961 for not furnishing the PAN and the person (deductor) making any payment to such individual will have to withhold tax @ 20 percent under section 206AA of the Act
• This amendment requires that every person should verify the PAN-Aadhaar linking of its vendors, customers, employees, etc. before making payments to individuals
• Income-tax department has released a facility to verify the PAN-Aadhaar linking.However, only one record i'e PAN- Aadhaar linking can be verified at a time. Bulk verification facility is not available

You need this service, if

• You are making payment to resident individuals
• You are withholding tax below rate of 20 percent
• Verification of PAN-Aadhaar linking of the vendors, customers, employees, etc. is not done
• You are dealing with verification of voluminous records of PAN - Aadhaar linking