PAN Card Linking: It is necessary to link PAN card to bank account so that tax refund can come directly into the account and transaction is not stopped. But many people do not know how to link PAN card to bank account. Let us know the method of linking PAN card to bank account.
Nowadays every small and big thing related to money is directly linked to the government records. Whether you are taking salary, doing freelance work or making online payment, your bank account and tax records are linked to each other. This is why it has become very important to link PAN card to your bank account.
If this linking is not done, then you may face many problems in your income tax refund , online payment or bank transactions. Meaning, without linking, your money and banking work may get disrupted.
Why is it necessary to link PAN to bank account?
The Central Board of Direct Taxes (CBDT) has made it clear that it is mandatory to link every savings account with a PAN number. By doing this, your income tax refund comes directly into the account.
If you want that your bank transactions and other bank related work should not be interrupted, then link your PAN card to your bank account as soon as possible. Once this process is completed, both your transactions and tax refunds will happen without any interruption.
