Cheer For Taxpayers! Govt Extends PAN-Aadhaar Linking Deadline To December 31
In her Budget speech earlier this year, Finance Minister Nirmala Sitharaman had said that Aadhaar card will now double up as a PAN card for all purposes including filing of Income Tax.
“In exercise of the powers conferred under sub-section (2) of section 139AA of the Income tax Act, 1961 (,Act’)(43 of 1961), the Central Government hereby amends the notification of the Ministry of Finance (Department of Revenue) dated 31st March, 2019, published in the Gazette of India, Extraordinary, Part-II, Section 3, sub-section (ii) vide S.O. number 149S(E) dated April 1, 2019,” CBDT said in its notification dated September 28th.
The linking of both PAN and Aadhaar before deadline is important as the government has said that PAN Cards will become inoperative or inactive if not linked. It is also stipulated that processes related to investments, tax filing and loans may become difficult for those who have not linked both the identity cards.
With this extension of deadline, this is the seventh time the government has extended the deadline for individuals to link their PAN to Aadhaar. In her Budget speech earlier this year, Finance Minister Nirmala Sitharaman had said that Aadhaar card will now double up as a PAN card for all purposes including filing of Income Tax.
“More than 120 crore Indians now have Aadhaar. Therefore, for ease and convenience of tax payers, I propose to make PAN and Aadhaar interchangeable and allow those who do not have PAN to file Income Tax returns by simply quoting their Aadhaar number and also use it wherever they are required to quote PAN,” Sitharaman said during her Budget speech in July, this year.
She also made it clear that those who had linked their Aadhaar with PAN may use Aadhaar in place of PAN under the IT Act. According to the e-filing website of the I-T department, around 6.77 crore of the 8.47 crore individuals have already linked their PAN with Aadhaar.
Those who have not linked their PAN with Aadhaar can complete the process via the I-T website or via SMS. But, users must make sure there is no mismatch of information such as name, age and gender while linking the two. In case there is a mismatch, users can get it fixed from either UIDAI (in error related to Aadhaar) or UTI-ITSL (for PAN related issues).
National Unity Day: A tribute to Sardar Patel | Master Stroke
What all changed after J&K officially bifurcated into 2 UTs? | Master Stroke
Israeli spyware Pegasus snooped on Indian Journalists through Whatsapp | Master Stroke
Maharashtra: Shiv Sena's Sanjay Raut Meets Sharad Pawar
Drill displays IED diffused with the help of a robot by NSG
Article 370 only gave separatism and terrorism to J&K: PM Modi in Kevadiya
Let us work towards making India $5 trillion economy: Modi To Trainee Civil Servant | Full Speech
Radio Stations in Jammu, Srinagar and Leh renamed
Jammu and Kashmir to witness 'Acche Din'? | Seedha Sawal
Expert advice on how to survive poor air quality in Delhi-NCR