14 crore PAN-Aadhaar linkages done till now
Listen to this Article
With this, about 41 per cent of PANs are now linked with Aadhaar numbers.
There are about 33 crore PAN cards, while Aadhaar has been issued to about 115 crore people.
"Over 41 crore PANs have been linked with the Aadhaar till now. The linkages are ongoing," a senior official said.
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.
"It has come to notice that some of the taxpayers have not yet completed the linking of PAN with Aadhaar. Therefore, to facilitate the process of linking, it has been decided to further extend the time for linking of Aadhaar with PAN till March 31, 2018," the CBDT said.
The government has made the PAN-Aadhaar linking mandatory for filing ITR (Income Tax Return) and obtaining a new Permanent Account Number (PAN) from July 1.
The Supreme Court in June upheld the validity of an Income Tax Act provision making Aadhaar mandatory for allotment of PAN cards and ITR filing, but put a partial stay on its implementation till a Constitution bench addressed the issue of right to privacy.
The CBDT in June said the apex court's order had only given a "partial relief" to those who did not have an Aadhaar or an Aadhaar enrolment ID, and the taxman, hence, "will not cancel" the PAN of such individuals.
While Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to a resident of India, PAN is a 10-digit alphanumeric number alloted by the I-T department to a person, firm or entity. #casansaar (Source - PTI)
Category : PAN | Comments : 0 | Hits : 504
A total of 11.5 crore PAN cards were deactivated for not being linked to Aadhaar cards before the stipulated deadline, a Right to Information (RTI) reply by the Central Board of Direct Taxes (CBDT) stated. The deadline for linking PAN with Aadhaar expired on June 30 earlier this year. There are 70.24 crore PAN card holders in India and among them, 57.25 crore have had their PAN cards linked with Aadhaar. The RTI reply further states that over 12 crore PAN cards have not been li...
Aadhaar linking with PAN can now be done till March 31, 2022, after the government extended the deadline from September 30, 2021. “The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the Covid-19 pandemic, has, on consideration of representations received from various stakeholders, decided to extend timelines for compliances under the Income-tax Act,” the Central Board of Direct Taxes (CBDT) said on Fr...
The government has granted an exemption to non-residents (NRs) investing in category I and category II alternative investment funds (AIFs) located in the International Financial Services Centre (IFSC) from furnishing the permanent account number (PAN). This was a long-standing demand from foreign investors wanting to pool money at IFSC, instead of other offshore jurisdictions, such as Mauritius and Singapore, which do not require investors to obtain PAN. Currently, a sizea...
In line with the announcement made in the Union Budget, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman formally launched the facility for instant allotment of PAN (on near to real time basis) here today. This facility is now available for those PAN applicants who possess a valid Aadhaar number and have a mobile number registered with Aadhaar. The allotment process is paperless and an electronic PAN (e-PAN) is issued to the applicants free of cost. It may be recalle...
To get a new PAN card you need not fill up a 2-page application form and wait for a few days anymore as the income tax department has launched a new facility for taxpayers allowing anyone with an Aadhaar card to get an instant PAN card online and that too for free. The instant e-PAN card application form needs you to input only your Aadhaar number after which an OTP is sent on your linked mobile phone number for completion of e-KYC process. A Permanent Account Number (PAN) is issued ...


Comments