IT dept's PAN-Aadhaar linkage crosses 50-lakh mark
PrintListen to this Article
The Income Tax department's ambitious plan to link its PAN number database with Aadhaar has crossed the 50-lakh mark.
The Central Board of Direct Taxes (CBDT), the policy-making body for the IT department, had launched the initiative of linking the two databases -- Permanent Account Number and Aadhaar -- late last year to start a safe and quick electronic regime for taxpayers when it comes to filing income tax returns and subsequent ensuring of a host of tax-related services.
"The PAN-Aadhaar linkage crossed the 50 lakh mark late yesterday. The number as of today stands at 50,57,016. The department wants these numbers to grow so that the full e-regime in the delivery of taxpayer services can be ushered in as soon as possible," a senior official said.
Also, the one-time password-based ITR filing system for taxpayers has crossed over 80 lakh e-verification mark. "The exact figure for e-verified ITRs stands at 83,55,337," the official said. The new e-filing system allows online verification of a persons' ITR by using either the Aadhaar number, internet banking or bank account along with email and mobile number, thereby ending the practice of sending paper acknowledgement to the Centralised Processing Centre (CPC) of the department located in Bengaluru.
The online ITR filing portal of the department is available at https://incometaxindiaefiling.gov.in. According to the rules notified in this regard by CBDT in July last year, any taxpayer whose income is Rs 5 lakh or below per annum and has no refund claims can straightaway generate the Electronic Verification Code (EVC) for e-filing and validating their ITR through their registered mobile number and e-mail ID with the department.
They get a system generated one-time password (OTP) to validate their ITRs with the help of the Aadhaar number. This new measure has eliminated the need of sending the paper acknowledgement called ITR-V through post to the Bengaluru-based CPC of the IT department. "The Aadhaar database is also being used by the taxman to verify taxpayers credentials. It is planned to take these PAN- Aadhaar linkage as much high as possible," he said. #casansaar (PTI - DNA News)
Category : Income Tax | Comments : 0 | Hits : 367
If you earn income other than salary or have multiple income streams, the advance tax deadline falling today—Monday, December 15, 2025—should not be overlooked. Failure to pay advance tax on time, or paying less than the required amount, may attract interest charges that continue to accumulate. As the Income Tax Act operates on a “pay as you earn” basis, being aware of advance tax provisions and the financial impact of delays can help you avoid unnecessary costs and last-...
If you earn income other than salary or have multiple income streams, the advance tax deadline falling today—Monday, December 15, 2025—should not be overlooked. Failure to pay advance tax on time, or paying less than the required amount, may attract interest charges that continue to accumulate. As the Income Tax Act operates on a “pay as you earn” basis, being aware of advance tax provisions and the financial impact of delays can help you avoid unnecessary costs and last-...
As many as 5,44,205 appeals were pending resolution with the Income Tax (IT) Department at commissioner (appeals) level as of January 31 this year, and 63,246 at various Income Tax Appellate Tribunals (ITATs), High Courts, and the Supreme Court, FE has learnt. To be precise, the cases pending in ITATs were 20,266 High Courts, 37,436; and Supreme Court 5,544. The large pendency is even as the Central Board of Direct Taxes (CBDT) has laid emphasis on disposing of income tax appeals in its 10...
The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards. The ITR functionalities i.e. ITR-1, ITR-2 and ITR-4, commonly used by taxpayers are available on the e-filing portal from 1st April, 2024 onwards for taxpayers to file their Returns. Companies will also be able to file their ITRs through ITR-6 from April 1 onwards. As ...
It has come to notice that misleading information related to new tax regime is being spread on some social media platforms. It is therefore clarified that the new regime under section 115BAC(1A) was introduced in the Finance Act 2023 which was as under as compared to the existing old regime (without exemptions): New Regime 115BAC (1A) introduced for FY 2023-24 Existing old Regime 0-3 lacs 0% 0-2.5 lacs 0% ...
Comments