Thursday 29 June 2017

Aadhaar-PAN linking: Only 1 day left How to do it in easy steps

It's mandatory to link Aadhaar with PAN. Here's why
aadhaar, aadhaar card
Individuals having PAN will have to link it to their existing 12-digit biometric Aadhaar number from July 1
economy 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.
1. Individuals with PAN will have to link it to their existing 12-digit biometric Aadhaar numbers from July 1 | economy policy
2. 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)
Linking of your Aadhaar with your PAN is no longer a cumbersome exercise. You can do it by just an SMS. Your mobile number and e-mail id will help you receive alerts related to your Aadhaar and to access Aadhaar services easily. The Income Tax Department earlier this month issued advertisements and described how both the unique identity numbers of an individual can be linked by sending an SMS to either 567678 or 56161.
Here is how you can use the SMS facility to link Aadhaar with PAN
Send SMS to 567678 or 56161 in following format:
UIDPAN<SPACE><12 digit Aadhaar><Space><10 digit PAN>
Example:
UIDPAN 111133333321 AAAAAEEEEE
People can also visit the official e-filing website of the department to link the two identities, in both the cases-- identical names in the two databases or in case where there is a minor mismatch. (Read full story)

No comments:

14th BRICS summit to review current global issues, reach key agreements

  At the   14th BRICS summit   which is to be hosted by China in a virtual mode on 23-24 June, the member nations will review the current gl...