Aadhaar-PAN linking must from July 1, govt notifies rules

Linking Aadhar Card Number with PAN card Must From 1st July 2017

Linking Aadhar Card Number with PAN card Must From 1st July 2017

Finance Minister Arun Jaitley through an amendment to tax proposals in the Finance Bill for 2017-18 had made Aadhaar mandatory for filing income tax returns and provided for linking of PAN with Aadhaar to check tax evasion through use of multiple PAN cards.

Should you not link you Aadhar number to your PAN, your PAN card will cease to be valid.

It has also made it mandatory to quote the 12-digit biometric enrolment number at the time of applying for a PAN.

All tax payers who have been allotted Permanent Account Number (PAN) need to intimate their Aadhaar number to the income tax authorities for the goal of linking both the numbers, according to the notification dated June 27. In fact, you don't even need to sign in to the IT website to link your Aadhaar number and PAN card. The Revenue Department said that every individual who had the PAN as on July 1st, 2017 under the provisions of sub-section (2) 139AA has to intimate their Aadhaar number to the principal director general of income tax or DGIT.

Amending income tax rules, the government has made quoting the 12-digit identification number or Aadhaar enrolment ID compulsory while applying for PAN, which is mandatory for filing tax returns, opening of bank accounts and financial transactions beyond a threshold.

It could be a possibility.

Now if you do not complete the work of linking your Aadhar and pan card by July 1, your pancard can be rejected.

There are many other services, including railway ticket booking, claiming of subsidies, application for scholarships where Aadhar in all likelihood is going to become mandatory.

You Can Also Link The Aadhaar number with PAN through SMS too. The SC bench said that the interim order can not be passed on the apprehension of petitioners that the government may deprive people from availing benefits of various welfare schemes due to the lack of Aadhaar details.

A bench comprising Justices A K Sikri and Ashok Bhushan, which upheld the legislative competence of the Parliament in enacting the law to this effect, said there was no conflict between the impugned provision of the Income Tax Act and the Aadhaar Act. If you are a new user, you can register on the portal by entering basic registration details such as PAN card, name and date of birth.

After logging in, go to the "Profile Settings" tab and click on "Link Aadhaar" in the drop down menu. A new form will be displayed.

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