Thursday, April 25News That Matters

Day: 21 July 2017

How to Link Aadhaar number with PAN

How to Series, Taxation
From 1st July 2017,  quoting Aadhaar (Aadhaar number / enrolment ID) has become mandatory for income tax return filing and for applying for Permanent Account Number (PAN). The central government has notified that the requirement of quoting Aadhaar for income tax returns filing and application for PAN shall not apply to an individual who is residing in the states of Assam, J&K, and Meghalaya; a non-resident as per the Income tax Act, 1961; of the age of 80 years or more at any time during the previous year; not a citizen of India. All persons who are allotted a PAN as on July 1, 2017 and eligible for Aadhaar, would need to provide the Aadhaar number to the prescribed authority in prescribed form and manner. Recently, the CBDT has introduced intimation procedure through SMS, ...