Think Before Linking PAN with Aadhaar

The government has issued instructions to resident and non-resident Indians to link their PAN Cards with Aadhaar and those who do not link their PAN Cards with Aadhaar will not be able to file or e-file their IT Returns for the AY 2017-18 and onwards. Keeping in view the general difficulties being faced by the public the government, in consultation with webmasters of UIDAI and Income Tax E-filing websites, has simplified the procedures to Link the Pan Card with Aadhar.

Which ID Proof is Most Reliable in India

No doubt it is just a less than one minute job and anybody holding valid PAN Card and Aadhaar Card can do it within a fraction of a minute. But, beware - you should not use the above Link provided by the IncomeTax E-filing website in haste lest you may land yourself into trouble. However, if you are already e-filing your IT Return and there are no issues with 26AS or IT Returns filed by you so far then you can use the above link fearlessly. But the individuals, who have never filed their IT Returns in the past must do the following tests:

• Register on the e-filing website of Income Tax
• If registration process says that "This PAN is already registered. If you have not registered, please contact 180042500025 (Not Working) as I tried it.
• Your Problems starts here.
• Now you have no alternative but to use the forgot password facility and generate the OTP through your new email ID and Mobile Number.
• After the generation and filling of OTP through email and mobile - the system will ask you to verify your TDS details through TAN details of deductor. If there is no Tax Deduction in your case, I fear you may not be able to take control of IT Profile associated with your PAN Number which might be being used by some other namesake as that of yours.
• In case you are able to reset the password - there is every possibility that the other person, who is using your PAN Number - wrongly allotted to two different individuals, may cancel the password reset request as the Income Tax website sends emails to both the email IDs - that is email ID of person already using the PAN Card profile and fresh email ID provided by you.
• In one such case, one of my friends submitted the password reset which is activated by Income Tax website after 12 hours and the email goes to the previous email ID using the profile and the fresh email ID, who wants to take control of the profile.
• It is just like two twins with same DOB and same names fighting for one wife. Only the parents of the wife can tell who is the original husband of their daughter. Here the parents are NSDL, UTIISL and the Income Tax People - who will decide as to whom the PAN Card belongs.
• In the above case of my friend, the other twin cancelled the password reset request 5 times and my friend was deprived of his right to view his 26AS and enjoy filing my IT Return.
• Then my friend played a trick. He sent the Password Reset Request at about 11 PM on the night when the other twin might be sleeping. My friend woke up early in the morning to catch hold of his legitimate wife that is same PAN Number allotted to two different persons. Lo, the parents allowed the wife (PAN Number being used by Other Twin) to go with my friend and now he had full access to the IT Profile.
• Immediately without checking any other details - the friend linked the PAN with his Aadhaar which got completed successfully. Now legally speaking my friend became the true husband of the wife (PAN Card Associated Profile) who was living with his twin for the last more than 10 years and his twin was left helpless.
• But during the last 10 years, the twin of the friend had e-filed so many IT Returns which could be seen in the profile along with Income Tax Notices. Now it was my friend's turn to face the problem to bear the burn of bringing up the children born out of the live-in relationship of my twin and my wife.
• Now my friend was left with no alternative but to re-handover the wife to his twin so that they could live in happily and my friend is now in search of new wife (Fresh Different PAN Number and not Shared PAN Number)

What Happens when Same PAN Card is issued to two Different Persons:

There is every likelihood that you might be sharing your PAN Number with some other Person. You will have to pass through the above dilemma - and I am still searching for the solution. However, if you decide to apply for a fresh PAN through your Aadhaar authentication then you will have to loose are your Tax Credits so far and you will have to go through submission of New PAN Number to your Employer, Banker or Tax Deductor.

What happens to Multiple PAN Cards:

I have seen people having multiple PAN Cards either out of ignorance or to cheat the Income Tax Authorities and Bankers as CIBIL Reports are generated through PAN Numbers. Now the Government has taken a step in the right direction to get rid of multiple PAN Cards issued to same Persons as after linking one of your PAN Card with Aadhaar, the other PAN Cards will get automatically cancelled and the multiple PAN Cardholder will not be able to get Tax Credits, if any, associated with the other PAN Cards in addition to penalties.

Still, have any doubts, meet this Expert with Prior Appointment.

How to contact the CIBIL Consultants at Samadhan Kender?

Why Do you need to contact CIBIL Consultants?

• Do you have bad CIBIL report? 
• Has your Bank rejected your loan? 
• Are you finding it difficult to get strangers' accounts removed from your Credit Report? 
• Has your Bank damaged your reputation by reporting the loans as "Settled" or "Written Off"? 
• Do you own unused "Credit Card" complimentary issued by your Bankers?
• Have you ever guaranteed any loan account availed by your friends, relatives or contacts?
• Has your EMI cheque or ECS Mandate bounced?

If you are facing any of the above situations, then you need to consult a CIBIL Consultant to know your latest credit score lest you face problems while getting loans or even while getting VISA clearance.

Consult our experts at Expert Consultancy for long lasting solutions to your bad CIBIL reports.

How to contact CIBIL Consultants at Samadhan Kender:

There is no need to panic. In case you are having any problem with your CIBIL Report of CIBIL score then just get ready with the following documents and contact our experts at Samadhan Kender with prior appointment on M-9914540600 - M-9319077749 - M-9780176760:

• The Latest copy of the CIBIL Report. (If contacting online then PDF copy of the complete CIBIL Report.
• Original ID and address proofs like PAN Card, Voter ID, Aadhaar ID, Driving License and Passport. (If contacting online then scanned copies of above proofs in PDF or JPG Form.
• Latest Address and Mobile Number.
• If currently having any loan accounts, then the Account Numbers along with the names of the lending banks. ( Submit documents via email ID to this address). Even the account numbers of previous loans, which have been closed, will be sufficient.

Can't I do it myself?

Often public asks us this question if they can not resolve their CIBIL problems themselves. If you ask me that I will say, a big "No" as it is a highly cumbersome procedure as you have to contact the lending bankers who have damaged your credit reputation on the one hand and the rating agencies like CIBIL, Experian or Equifax on the other hand. It takes minimum 45 days to 50 days period to resolve the cibil related issues and sometimes it may even take more than 60 days. But our experts at Expert Consultancy, with more than 35 years experience have a success rate of resolving the CIBIL issues in more than 95% cases in a record time of 10 to 15 days. Sometimes the revised and rectified report has been delivered in 7 days time also.

Good News for Residents of Patiala, Sirhind, Chandigarh, Ludhiana and Khanna

We are pleased to announce that we are soon starting visiting the cities of Patiala, Sirhind, Khanna, Ludhiana, and Chandigarh as we are flooded with inquiries about Analysis of Bad CIBIL Reports from residents of these cities. 

We were really perturbed to see that people from far-flung areas as far as Amritsar, Ludhiana, Khanna, Chandigarh, Patiala, and Sirhind visited us with their bad CIBIL reports due to technical errors, misreporting or ignorance about Credit Score and Rating by credit rating agencies like CIBIL, Equifax, and Experian. The visitors had to spend heavy expenses on travel from their native places in addition to the loss of precious manpower and time. Realizing the difficulty being faced by the existing or prospective borrowers, we have come out with the idea of visiting the hometowns of such borrowers.

To implement the idea, we invite CA's and Professional Accountants to express their interest to favor their own clients, who are facing CIBIL report related problems. On completion of the tie-up arrangements for the cities mentioned above, our leading CIBIL Consultant will be fixing weekly or fortnightly days to visit these cities.

To complete the Tie-Up process, please feel free to talk to Mr.Aniket Gupta (M-9780176760). Personal visit of the CIBIL consultant will be feasible only if there are at least 8-10 clients, which will be booked by the professional accountants, with whom, we finalize the Tie-Up arrangements. You can also reach us at our Email ID.

Get Your Credit Report analysed online from Experts

Samadhan Kender has been approached by clients from as far as Chandigarh, Ludhiana, Ambala, Rohtak, Jalandhar and from far flung areas. The clients had to visit Samadhan Kender personally which involved traveling expenses to and fro Rajpura in addition to the loss of valuable time to discuss their poor credit scores and reports.

Keeping in view the hardships faced by our clients we have developed an online system for resolution of Credit Reports which involves three to four stages. We feel that clients from far flung areas will be benefited through the online resolution process and they will be able to save time and money spent on traveling to Samadhan Kender at NH-64, Near Bikaner Mishtan Bhandar, Rajpura 140401 Punjab. 

Step-1: Credit Report Analysis and Investigation Report: 

• Obtain Latest Credit Report from your Bank or Lending Institution.
• Send the Scanned PDF copy (Legible) of the complete Credit Report at our email ID.
• Send Scanned PDF Copies of your original ID Proofs like Aadhaar, PAN Card, Voter ID, Driving License and Passport.
• Check the total number of accounts reported in the Credit Report Summary as shown by an arrow in the adjoining figure.
• In the shown example the number of accounts is 6 and Samadhan Kender charges Rs.500-00 per account as investigation and analysis charges. Total investigation charges will be Rs.3000 for all the six accounts.
• Samadhan Kender will provide the Investigation Report and Analysis Report in respect of all the reported six accounts with the following information:

1. Name of the Lending Banker along with Account Number
2. Date of Loan, Sanctioned Amount and Present Outstanding
3. Status of Account like Active, Closed, Past Due, Sub-Standard, Doubtful or Loss Asset
4. Status of Account if it "Settled on Written Off or Partially Written Off" account.
5. Delinquency Report of each account.
6. Ownership and Type of each Loan Account.

If you want to know the complete analysis of your credit report from our CIBIL Consultant then send the Credit Report and ID Proofs along with the requisite investigation fees at the rate of Rs.500-00 per account. Minimum investigation fees are Rs.2500-00 per Credit Report. 

On remitting the money and sending the report in PDF format along with ID, Address, and Proofs of DOB, our experts will send you your Credit Analysis and Investigation Report for Further Resolution.