ford
  1. You Are At:
  2. Home
  3. Business News
  4. Aadhaar-PAN linkage: Finance Ministry to decide on extension of deadline today

Aadhaar-PAN linkage: Finance Ministry to decide on extension of deadline today

Finance Ministry will take a decision tomorrow on extension of the deadline for linking PAN with Aadhaar.

Edited by: India TV Business Desk, New Delhi [ Updated: August 31, 2017 8:22 IST ]
Finance Ministry to decide on extension of Aadhaar-PAN
Finance Ministry to decide on extension of Aadhaar-PAN linkag deadline tomorrow Photo:PTI

The Finance Ministry will take a decision tomorrow on extension of the deadline for linking PAN with Aadhaar which is coming to an end on Thursday. The government has already extended till December 31 the deadline to furnish Aadhaar for availing the benefits of various social welfare schemes, the Centre told the Supreme Court on Wednesday. The earlier deadline was September 30. 

"The government will decide tomorrow if the deadline for PAN-Aadhaar linking will be extended," a source was quoted as saying by PTI. 

Every person with PAN as on July 1, 2017, and is eligible to obtain Aadhaar must intimate his Aadhaar number to tax authorities, section 139 AA (2) of the Income Tax Act says. However, the government has exempted non-resident Indians (as per income tax laws), people who are not citizens of India, those above 80 years of age and residents of Assam, Meghalaya and Jammu and Kashmir from the requirement. 

The Supreme Court is hearing a batch of petitions that have challenged compulsion of Aaadhar to avail benefits of social welfare schemes. The court today said it would hear all Aadhaar-related matters in November after the Centre informed that it will extend till December 31 the deadline. 

On July 31, the tax department had stated that "unless a finding is made that Aadhaar is constitutionally not valid, tax return filers will need to link their PAN with Aadhaar by August 31, 2017". People were, however, allowed to file their annual income returns by August 5 without linking their Aadhaar with PAN. They were to just quote Aadhaar number or acknowledgement number for having applied for the unique ID. It had further stated that "income tax returns filed will not be processed should tax filers fail to link Aadhaar and PAN on or before August 31, 2017. 

The deadline for linking PAN with Aadhaar previously was July 31, but was extended to August 31.

 

December 31 is also the deadline to link bank accounts with Aadhaar. 

(With PTI inputs) 

Promoted Content
Chunav Manch Gujarat 2017