News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
Top Headlines »
 ITR filing date for FY19 extended: Here's how to do it online
 5 Common Mistakes That Can Draw Income Tax Notice ITR Filing
 Income-tax (18th Amendment) Rules, 2020
 10 tax-saving fixed deposits that offer the best interest rates
 ​Amendment of rule 31​​AA, Form 27EQ
 CBDT extends FY19 income tax return filing deadline till September 30
 7 Money and tax tasks you should complete by July 31, 2020
  5 deadlines that end on July 31 ITR filing to investing for claiming deduction
 Who is eligible to file which tax return for FY 2019-20? ITR form
 How you can check your income tax refund status Income Tax Refund
  How to save tax on sale of residential property All you need to knowa

From July 1, Aadhaar mandatory for filing I-T returns: CBDT
June, 13th 2017

The Central Board of Direct Taxes (CBDT) said on Sunday that Aadhaar will be mandatory for filing Income Tax returns+ and applying for Permanent Account Number (PAN) from July 1, 2017.
"Those allotted PAN as on July 1 and have Aadhaar number or are eligible to obtain it, shall intimate Aadhaar number to Income Tax authorities for linking PAN and Aadhaar," the CBDT said in a statement.

Read details on Aadhaar-PAN linkage here

The announcement comes a day after the Supreme Court upheld the validity of the law+ making Aadhaar mandatory for allotment of PAN and filing of I-T returns. However, the apex court had put a partial stay to exempt those without Aadhaar for now until the larger privacy issue is decided.

Making it clear that the Supreme Court's ruling was only a "partial relief", the policy-making body of the Income Tax Department explained what will happen in a case of "non- compliance" or where a person does not possess Aadhaar .

"Only a partial relief by the Court (SC) has been given to those who do not have Aadhaar and who do not wish to obtain Aadhaar for the time being, that their PAN will not be cancelled so that other consequences under the Income Tax Act for failing to quote PAN may not arise," the CBDT said.

Read this story in Gujarati

If the PAN is cancelled, then a person cannot do his normal banking and financial operations and hence this relief is given. But, it has been made clear that for filing of ITR or to obtain a new PAN, Aadhaar will be mandatory from July 1, a senior I-T official explained.

Senior officials said the apex court's order issued on Friday was "studied" by a high-level team of authorities from the Law Ministry, Finance Ministry, CBDT and the Income Tax Department after which this clarification
Focus on development, not cow politics: Panchajanya

Section 139AA of the Income Tax Act provides for mandatory quoting of Aadhaar or enrollment ID of Aadhaar application form for filing of income tax returns and making application for allotment of PAN with effect from July 1 this year.

I have linked PAN with Aadhaar in 2016 itself for all my family members. When you are honest, you need not worry about providing your legitimate details.

While announcing Friday's judgement, the Supreme Court bench had noted that the purpose behind enacting section 139AA of the Income Tax Act is to check the menace of black money as well as money laundering and also to widen the income tax net so as to cover those persons who are evading tax payment.

Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting