Finance Act, 2017 has made it mandatory to enrol for Aadhaar to file tax returns in India or apply for a PAN or keep the existing PAN active effective July 1. This means that expatriates will have to obtain Aadhaar number to file ITR, reports Economic Times.
According to the Finance Act, 2017, it is mandatory to enrol for Aadhaar to file tax returns in India or apply for a PAN or keep the existing PAN active effective July 1. So, Aadhaar is compulsory for those who have resided in India for more than 182 days in aggregate in the past 12 months.
This means that the expatriates living in the country will have to obtain their new identity—the Aadhaar number, reports Economic Times.
This has created panic and confusion amidst the expats as getting the Aadhaar number would mean giving biometric and demographic data. They are also complaining that getting an Aadhaar card would be an extra burden for them.
For those who are not residing in India and still pay domestic income tax, getting an Aadhaar has raised concerns and one of them is that their privacy will be comprised. They are hopeful that they will have a way out if the government chalks out some relief to them in the fine print of the law.
However, for now the expats are getting in touch with their tax consultants to enrol for Aadhaar.With just three months to go to file tax returns, NRIs have to hurry up with their Aadhaar application process.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.