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Thursday, August 31, 2017

Linking PAN with Aadhaar - Last date for linking PAN with Aadhaar extended By 4 Months From August 31 To December 31,2017



The NDA Government on Thursday August 31,2017 extended by four months the deadline for linking Permanent Account Number (PAN) with Aadhaar to December 31,2017

 Earlier, the last date for linking PAN to Aadhaar was August 31,2017

The NDA Government had made mandatory the linking of the two databases for filing ITRs.


Section 139 AA (2) of the Income Tax Act says that every person having PAN as on July 1, 2017, and is eligible to obtain Aadhaar, must intimate his Aadhaar number to the tax authorities.
However, those categorised as non-resident Indians as per the Income Tax laws, people who are not citizens of India, those above 80 years of age and residents of the states of Assam, Meghalaya and Jammu and Kashmir had been exempt from the requirement.
The tax department had on July 31 stated that “unless a finding is made that Aadhaar is constitutionally not valid, tax return filers will need to link their PAN with Aadhaar by August 31, 2017.”
Incidentally, December 31 is also the deadline for people to link their bank accounts with Aadhaar. Tax filers, however, were allowed to file their annual income returns by August 5 without linking their Aadhaar with PAN. They were to just quote Aadhaar or the acknowledgement number for having applied for the ID

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