No PAN-Aadhaar Linking relief for these users: Check what is compulsory even before September 1
PAN-Aadhaar Linking last date: The extension of PAN-Aadhaar linking deadline came as good news for scores of users who had not done the same till the end of the previous deadline on March 31.
PAN-Aadhaar Linking last date: The extension of PAN-Aadhaar linking deadline came as good news for scores of users who had not done the same till the end of the previous deadline on March 31. However, there is no such relief for Income taxpayers who need to mandatorily quote their PAN. They will need to do one more thing this year. The last date for filing Income Tax Return for Assessment Year 2019-20 will be July 31. To file the ITR, every taxpayer would have to compulsorily do one more thing - "quote and link" Aadhaar number.
In a clarification dated March 31, 2019, Department of Revenue, Central Board of Direct Taxes under the Ministry of Finance said it would be mandatory for taxpayers to quote and link Aadhaar while filing the Income Tax Return. Here's the full text of the clarification:
CBDT issues clarification on linking of PAN with Aadhaar
It has been reported in some sections of the media that those PANs which are not linked with Aadhaar number by 31.03.2019 may be invalidated. The matter has been considered by the Central Government and now the cut-off date for intimating the Aadhaar number and linking PAN with Aadhaar is 30.09.2019, unless specifically exempted.
Notwithstanding the last date of intimating/linking of Aadhaar Number with PAN being 30.09.2019, it is also made clear that w.e.f. 01.04.2019, it is mandatory to quote and link Aadhaar number while filing the return of income, unless specifically exempted.
Watch this Zee Business News
The government had extended the deadline for PAN-Aadhaar linking by six months till 30 September on Sunday last. This was the sixth time the government extended the deadline for PAN-Aadhaar linking. The government had said in June 2018 that PAN needed to be linked with the biometric ID by 31 March.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
06:54 PM IST