How to link Aadhaar with PAN card: Most searched query by India in 2017
Business | December 13, 2017 16:07 ISTHow to book a Jio phone was the second most asked question in India, while year-end craze 'bitcoins' made it to the third spot.
How to book a Jio phone was the second most asked question in India, while year-end craze 'bitcoins' made it to the third spot.
The notification by the Department of Revenue in the finance ministry effectively paves the way for extending the deadline for mandatory quoting of Aadhaar for activities like the opening of a bank account.
The Central Board of Direct Taxes (CBDT), the policy-making body for the Income Tax Department, last week extended the deadline for this linkage to March 31 next year.
This is the third time that the Centre has deferred the deadline for Aadhaar-PAN linkage by three months.
The deadline for linking PAN with Aadhaar previously was July 31, but was extended to August 31.
The cut-off ends today and as per an earlier directive of the Income Tax Department, those who do not link their Aadhaar with PAN card will have to face consequences while filing their tax returns
Finance Ministry will take a decision tomorrow on extension of the deadline for linking PAN with Aadhaar.
UIDAI CEO Ajay Bhushan Pandey said the top court's verdict on privacy has no bearing on the requirement for taxpayers to link their Aadhaar with PAN by month-end
As per the provisions of Sections 27 and 28, a person's Aadhaar can be cancelled or deactivated if multiple Aadhaars have been issued, or there are discrepancies in the biometric data or supporting documents.
Simplifying the passport rules for Indian citizens further, the government informed the Parliament that it has done away with the mandatory furnishing of birth certificate to get a passport
A large proportion of taxpayers filed their returns manually, via snail mail, rather than getting an Aadhaar card. Several others filed their returns online early, before June 30, when the Aadhaar linkage was not compulsory
Taxpayers can link their Aadhaar-PAN using a mobile-based SMS service, by logging on to the website of PAN service providers, by personally visiting a PAN service centre or over the e-filing website of the tax department.
Aadhaar has also been made mandatory for applying for PAN with effect from July 1. The department, till now, has linked over 2.16 crore Aadhaar numbers with its PAN database.
Amending income tax rules and notifying the same, the government has made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at the time of application of permanent account number (PAN)
The Supreme Court has termed as "fallacious" an argument that the new provision of the Income Tax Act making Aadhaar mandatory for filing income tax returns, is discriminatory and creates two classes
The Supreme Court has said that as many as 10.52 lakh bogus PAN cards of individual income tax assesses cannot be termed a minuscule number to harm the country's economy.
Senior officials said the apex court's order given yesterday was "studied" by a high-level team of authorities from the Law Ministry, Finance Ministry, CBDT and the Income Tax Department after which this clarification has been issued.
A bench of Justice AK Sikri and Justice Ashok Bhushan said that those who already possess Aadhaar number will have to link it with PAN.
The petitioners had told the court that the provision mandating linking of Aadhaar number with the PAN would have "extremely far-reaching consequences not only for individuals but small businesses too".
In a move aimed at easing the process of linking the Aadhaar number with PAN for taxpayers, the Income Tax (IT) department today said it has introduced an SMS-based facility that can be used to link the two.
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