It’s mandatory to link Aadhaar with PAN. Here’s why
Latest news : Come July 1, the Modi-government’s measures to track tax evasion through multiple PAN cards will come into effect. It is now mandatory for you to link your existing Aadhaar numbers with PAN to be able to file your income-tax (I-T) returns.
Finance Minister Arun Jaitley, through an amendment to tax proposals in the Finance Bill for 2017-18, had made linking Aadhaar mandatory for filing I-T returns.
The revenue department has said “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)”.
It’s mandatory to link Aadhaar with PAN. Here’s why.
- Individuals with PAN will have to link it to their existing 12-digit biometric Aadhaar numbers from July 1
- While applying for permanent account number (PAN), Aadhaar number or Aadhaar enrolment ID will have to be mandatorily quoted.
3. Linking of Aadhaar and PAN must for filing of income-tax returns (ITR) (read more)