*The Income Tax Portal has introduced a new mandate requiring Aadhaar OTP verification for PAN registration.* Here's what you need to know : *Key Changes:* - *Aadhaar OTP Verification*: Aadhaar OTP verification is now compulsory for registering PAN on the Income Tax portal. - *Existing Requirements*: Previously, taxpayers could register their PAN by entering basic information like PAN, name, date of birth, and phone number. However, Aadhaar linkage was encouraged and eventually became mandatory for filing tax returns, but Aadhaar OTP verification wasn't required during registration. - *New Requirement*: Now, your PAN should be attached to your Aadhaar, and your Aadhaar must be linked to an active phone number capable of receiving OTPs. *Impact on Taxpayers:* - *Registration Process*: You won't be able to complete the PAN registration process on the portal if your Aadhaar isn't connected to a working mobile number. - *Refund Processing and Tax Return Filing*: Refund processing, income tax return filing, and access to other services requiring PAN verification may be delayed. *Benefits:* - *Identity Verification*: This update helps verify the identity of taxpayers and prevents misuse and duplication of PANs. - *Accountability and Compliance*: It's a significant step in ensuring accountability and compliance, aligning with the government's efforts to make Aadhaar and Aadhaar OTP verification mandatory for various services.