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Sunday, 2 July 2017

Adhaar Linking To PAN Mandatory from 1st July - How To Link Adhaar To PAN See details Here

Adhaar Linking To PAN Mandatory from 1st July - How To Link Adhaar To PAN See details Here
The Income Tax Department has urged assessees to link their Aadhaar number with PAN or Permanent Account Number. The taxman has not only simplified the process for Aadhaar-PAN linkage but also provided multiple facilities to do this. In Budget 2017, the government mandated seeding of Aadhaar with Permanent Account Number to avoid individuals using multiple PANs to evade taxes. From July 1, linking of existing Aadhaar numbers with taxpayers' PAN will be mandatory. The new rules will come into force from July 1, 2017, the Department of Revenue has said. The government has made quoting of Aadhaar or enrolment ID a must at the time of application of PAN. Through an amendment to tax proposals in the Finance Bill for 2017-18, Finance Minister Arun Jaitley has made the 12-digit bio-metric identity system Aadhaar mandatory for filing ITRs and provided for linking of PAN with Aadhaar to check tax evasion through use of multiple PAN cards.

"Every person who has been allotted PAN as on July 1, 2017, and who in accordance with the provisions of sub-section (2) of section 139AA is required to intimate his Aadhaar number, shall intimate his Aadhaar number to the principal director general of income tax (systems) or DGIT (systems)," according to the revenue department.

Click Here to Link Adhaar To PAN
Click Here to Update Your Adhaar Or PAN Details In Gujarati

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Adhaar Linking To PAN Mandatory from 1st July - How To Link Adhaar To PAN See details Here
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