Ahead of the March 31 deadline to link PAN card numbers with
biometric ID Aadhaar, CBDT Chairman Sushil Chandra said that those who
fail to do so might risk losing their PAN numbers.
Chandra said that the Income Tax department has so far issued 42 crore Permanent Account Numbers (PAN), of which 23 crore have been linked with Aadhaar.
The Supreme Court of India (SCI)has made it mandatory that Income Tax returns will be filed with Aadhaar and the last date for linking PAN with Aadhaar is March 31. “By linking with Aadhaar, we will know whether there are any duplicate PAN or not. And there are certain duplicate PANs...If it is not linked, we may cancel the PAN also,” Chandra said while addressing an Assocham event.
The Supreme Court of India(SCI) in Sep 2018 had declared the Centre’s flagship Aadhaar scheme as constitutionally valid.
A five-judge constitution bench had held that while Aadhaar would remain mandatory for filing of I-T returns and allotment of PAN, it would not be mandatory to link Aadhaar to bank accounts and telecom service providers cannot seek its linking for mobile connections.
Chandra said, once Aadhaar is linked with PAN and PAN is linked with bank account, the I-T department can find out spending pattern and other details of the assessee. Also since many agencies are linked with Aadhaar, it would be easier to gauge whether the benefits of welfare schemes are availed by eligible persons.
Section 139 AA (2) of the Income Tax Act says that every person having PAN as on July 1, 2017, and eligible to obtain Aadhaar, must intimate his Aadhaar number to the tax authorities.
Chandra said that the Income Tax department has so far issued 42 crore Permanent Account Numbers (PAN), of which 23 crore have been linked with Aadhaar.
The Supreme Court of India (SCI)has made it mandatory that Income Tax returns will be filed with Aadhaar and the last date for linking PAN with Aadhaar is March 31. “By linking with Aadhaar, we will know whether there are any duplicate PAN or not. And there are certain duplicate PANs...If it is not linked, we may cancel the PAN also,” Chandra said while addressing an Assocham event.
The Supreme Court of India(SCI) in Sep 2018 had declared the Centre’s flagship Aadhaar scheme as constitutionally valid.
A five-judge constitution bench had held that while Aadhaar would remain mandatory for filing of I-T returns and allotment of PAN, it would not be mandatory to link Aadhaar to bank accounts and telecom service providers cannot seek its linking for mobile connections.
Chandra said, once Aadhaar is linked with PAN and PAN is linked with bank account, the I-T department can find out spending pattern and other details of the assessee. Also since many agencies are linked with Aadhaar, it would be easier to gauge whether the benefits of welfare schemes are availed by eligible persons.
Section 139 AA (2) of the Income Tax Act says that every person having PAN as on July 1, 2017, and eligible to obtain Aadhaar, must intimate his Aadhaar number to the tax authorities.
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