PAN-Aadhaar linking deadline extended: Linking your PAN and Aadhaar card is now mandatory. If your Permanent Account Number (PAN) is not linked with your Aadhaar number, your PAN card may become inoperable. Old deadline to link PAN and Aadhaar was September 30, 2019.
PAN-Aadhaar Linking Deadline: The deadline to link your PAN with your Aadhaar is September 30, 2019. All those PAN cards which are not linked with the Aadhaar card will become "inoperative" from October 1. What will happen if you miss linking your PAN number with Aadhaar card by 30 September, 2019?
PAN-Aadhaar link deadline: If you are a taxpayer but don't have a valid PAN number then this news is very important for you. As CBDT had fixed September 30, 2019, as the deadline to link PAN card with Aadhaar card, those unlinked PAN number will be 'inoperative' after the deadline.
PAN-Aadhaar linking deadline: All those PAN cards which are not linked to the Aadhaar card will become "inoperative" after September 30 which is set as the deadline. Under Section 139AA (2), PAN number shall be deemed to be ‘invalid’ in case the person fails to link it to the Aadhaar number.
PAN-Aadhaar Linking: The deadline to link your PAN cards to Aadhaar is September 30. Non-linked PAN cards will become "inoperative" after the deadline. As linking your Aadhaar with PAN card has now become mandatory for filing of Income Tax Returns.
According to a notification issued by the CBDT on August 30, a person who furnishes Aadhaar, as they do not have PAN, "shall be deemed" to have applied for allotment of PAN and they will not be required to apply or submit any more documents.
Budget 2019 came up with several tax-related amendments and new rules that came into effect on from September 2019. One needs to be aware of these new changes in the rules as it will impact every taxpayer. From tax on cash withdrawals to PAN-Aadhaar interchangeability, many monumental changes were proposed in the Budget 2019.
July 31 is the last day for filing income tax return. You can file ITR online through income tax's e-filing ITR website. This year, the government has introduced many changes in ITR form. It is important to know the changes before filing ITR to avoid any unwanted penalty later on.
Nearly 20 crore Permanent Account Number (PAN) cards will be declared invalid after August 31, 2019, if they are not linked with the holder’s Aadhaar number.
The income tax department is working on a processing centre for the allotment of e-PAN on a real-time basis, Parliament was informed on Monday.
Soon, Aadhaar card can be used to file Income Tax Return. Government of India has proposed Aadhaar-PAN interchangeability to make ITR filing easy and convenient for the general public. Nirmala Sitharaman announced the same in her debut union budget presented Friday.
In case the name provided on your Aadhaar is different than that on your PAN card, you will not be able to complete the linking process.
The apex court on September 26 last year had declared the Centre's flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admissions.
Using the PAN of an entity, the Income Tax Department can find out its financial history and check whether it has paid all due taxes on time or not. It is one of the biggest and the most effective weapons of the ITD against tax evaders.
The notification has also made it mandatory for entities that have made financial transactions worth Rs 2.5 lakh or more in a financial year to apply for a PAN card.
The notification has also made it mandatory for entities that have made financial transactions worth Rs 2.5 lakh or more in a financial year to apply for a PAN card.
CBDT, which frames policy for the department, issued a notification on Monday that provides a new tick box for the transgenders to apply for the PAN.
Minister of State for Home Kiren Rijiju said there have been no specific reports that some people were providing illegal accommodation to Rohingyas.
The Supreme Court also ruled new bank accounts can be opened without Aadhaar but applicant needs to submit proof that he has applied for the card.
The apex court is hearing the pleas of petitioners pressing for an extension of interim relief on the mandatory linking of Aadhaar to various schemes, including bank accounts and mobile numbers.
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