Income Tax has extended the date for filing Income Tax Return to August 5, many several interesting data, revelations and warnings have come out from the Govt., related to Aadhaar card linking with PAN Card.
If your PAN card is not linked to your aadhaar card than it will become invalid after 31st December. As Central Government is trying hard to make the widening use of Aadhar card.
It is Mandatory to Make Aadhar Card Correction Online If your details on Aadhar is Wrong.
Currently, only Tax Payers needs PAN card to file IT Return but others such as Students are using the card as proof of identity.
Many PAN cards are found to be Duplicate and it becomes necessary to link it with Aadhaar card so that Duplication of PAN card can be checked and deactivate it soon.
Over the past few years, the Centre has linked Aadhaar to a growing list of subsidies and schemes, such as the mid-day meal.
The statement said, “For the purpose of e—filing return, it would be sufficient as of now to quote Aadhaar or acknowledgment number for having applied for Aadhaar on the e-filing website.”, adding, “The actual linking of PAN with Aadhaar can be done subsequently, but any time before August 31, 2017,” The date for filing ITR has been extended due to website access.
However, you still need to link your Aadhaar number with the PAN card till August 31. So, after filing your return you are 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 has said.
Some earlier reports state that PAN Cards can be linked with Aadhaar till December 31st, after which they would be blocked.
Several banks and insurance companies started linking Aadhaar accounts with savings accounts and insurance policies to address graft but they are not allowed by law to seek mandatory quoting of Aadhaar.
There are several bank account holders who have quoted PAN but do not have Adhaar. “We are yet to figure out what will be the course of action for them as legally, quoting Aadhaar has not yet been made mandatory,” a senior bank executive said.
In 2013, the Supreme Court said Aadhaar couldn’t be made mandatory and people without the document shouldn’t be denied from genuine entitlements and subsidies.