Skip to main content

Aadhaar card link to PAN card: No time-frame fixed to complete linkage, says Jaitley

By
Aadhaar card link to PAN card: No time-frame fixed to complete linkage, says Jaitley
Finance Minister Arun Jaitley today informed the Lok Sabha that the government has not fixed any time-frame to complete the linking of Aadhaar with PAN. He said this while replying to a query whether the government has fixed any time-frame to complete the linking of the 12-digit biometric Aadhaar number with the permanent account number (PAN), said a PTI report.
It may be noted that in view of taxpayers’ problems and in a bid to ease out the panic situation, the Income Tax Department had on July 31st extended the deadline for filing income tax return by 5 days to August 5. It had also extended the last date for the linking of PAN with Aadhaar to August 31, 2017.
The government had said that for the purpose of e-filing return, it would be sufficient as of now to quote Aadhaar or acknowledgement No. for having applied for Aadhaar on the e-filing website. This meant that while filing your tax return on the income tax website, it was sufficient to quote your Aadhaar number or Aadhaar enrolment ID. Linking the two was not required for those who had not already done it. However, you still need to link your Aadhaar number with the PAN card till August 31. So, after filing your return you are now required to link your Aadhaar number with the PAN card any time before 31st August, 2017.
You need to remember that if you fail to do so, your IT returns will not be processed. “The returns will not be processed until the linkage of Aadhaar with PAN is done,” CBDT had said.
As on June 28, there were over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.
The Business Standard, New Delhi, 12th August 2017

Comments

Post a Comment

Popular posts from this blog

Data storage norm splits digital payments industry

By
Data storage norm splits digital payments industry  India’s nascent digital payment industry could be thrown into disarray due to the demand by the Reserve Bank of India (RBI) that all user data be stored within the country, fears an industry grouping, which has termed the decision as “heavy-handed”, even as others, including the country’s largest digital payment provider Paytm, have hailed the move.  In a bid to narrow the growing schism, the industry is planning to send a formal representation to the regulator highlighting its concerns, a top official told ET.  “We are trying to build a consensus on the issue," said the person adding that the representation to the central bank will be ready this week.  RBI on April 6, mandated all payment companies—global and local—to set up data storage facilities within India by October. The stringent six-month deadline has attracted the ire of several sections of the industry that fear it will lead to a disruption of wel...
18 comments
Read more

Offer’s for all of you

By
Great Bumper Dhamaka Offer’s for all of you... It's Time to see your Business Online, WebeCreator Offer Website Designing with domain & Email @ nominal charges. For a year For More information visit us http://goo.gl/KlpppF call on 9890151261/9773197533  drop a mail to sales@webecreator.com
Post a Comment
Read more

Sebi to finalise options in commodities today

By
The Commodity Derivatives Advisory Committee of the Securities and Exchange Board of India ( Sebi) will meet on Friday with senior officials of the latter, to give a final shape to the rules on options trading in commodity futures, beside revising the warehousing norms to ensure good delivery on settlement. The decision taken, after discussing with the advisory committee, will be placed before the regulator’s board, to finalise the regulations. According to knowledgeable sources, three commodities in each segment, agricultural and non- agricultural, have been proposed for introducing options. It appears commodities from the soya and guar segments are preferred in the former. From the non- agri segment, it is likely that gold, silver and crude oil will be finalised. All these These have better liquidity and both the National Commodity and Derivatives Exchange and the Multi Commodity Exchange, respectively, will be able to introduce the options. In the equity segments, options ar...
17 comments
Read more