Over 9.3 crore PANs linked with Aadhaar
PrintListen to this Article
Of the total PAN-Aadhaar seeding, which is nearly 30 per cent of the total about 30 crore PAN holders, about three crore linkages were done in June and July.
"By August 5, which was the last date for filing Income Tax Returns (ITRs), over 9.3 PAN-Aadhaar linkages have been registered by the I-T department," he said.
According to the officer, the tally is expected to grow as the Central Board of Direct Taxes (CBDT), the policy-making body of the department, has already extended the last date for linking the two unique numbers till August 31.
The government had made the PAN-Aadhaar linking mandatory for filing ITR and obtaining a new Permanent Account Number (PAN) from July 1.
The CBDT has said that for the purpose of e-filing of returns (by August 5), it would be sufficient to quote Aadhaar or acknowledgement number of having applied for Aadhaar, on the e-filing website of the department.
"The actual linking of PAN with Aadhaar can be done subsequently, but any time before August 31, 2017," the CBDT had said.
It had also cautioned taxpayers that ITRs would not be processed "until the linkage of Aadhaar with PAN is done".
Finance Minister Arun Jaitley had recently informed the Lok Sabha that the government has not fixed any time frame to complete the linking of Aadhaar with PAN.
E-filing of ITR is mandatory for all individuals, except those earning less than Rs 5 lakh per annum and those who are above 80 years of age.
The Supreme Court had in June upheld the validity of an Income Tax Act provision making Aadhaar mandatory for allotment of PAN cards and ITR filing, but had put a partial stay on its implementation till a Constitution bench addressed the issue of right to privacy.
The CBDT had on June 10 said that 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.
There are about 30 crore PAN numbers allotted, while Aadhaar has been alloted to about 115 crore people. #casansaar (Source - PTI, Economic Times)
Category : PAN | Comments : 0 | Hits : 298
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