Moneycontrol News
Not adhering to the government's Aadhaar push may leave many Indians bereft of important daily services such as mobile phone numbers and bank accounts. It is, therefore, important to remember these 4 deadlines for Aadhaar linking.
Aadhaar-PAN linking Deadline: December 31, 2017
The CBDT has issued a revised deadline to link Aadhaar with PAN to "to facilitate ease of compliance by the taxpayers". Failure to meet the deadline will render taxpayers unable to file income tax return (ITR).
The government has said that ITRs filed after July 1, 2017 would be accepted only after taxpayers link their PAN with Aadhaar. It later revised the deadline to August 5, before extending it to December 31 citing that PAN and Aadhaar details were not matching in many cases.
Aadhaar-Bank Account Linking Deadline: December 31, 2017
As per the new rules, the government has asked all financial institutions and banks to ensure that all customers are KYC compliant. This means that, to obtain a loan or to make investments, or even to keep a bank account running you will need to verify your Aadhaar with banks before December 31, 2017.
An amendment has been made in the ‘Prevention of Money Laundering Rules’ Act, 2005. If this is not one till 31st December 2017, the account will be suspended till the required documents are submitted.
Aadhaar-Mobile Linking Deadline: February 6, 2018
The Department of Telecommunications has asked all the telecom operators to re-verify the numbers of prepaid and postpaid mobile users via Aadhaar-based e-KYC. It has also become mandatory to provide Aadhaar details while buying new mobile SIM cards.
Mobile numbers not linked to Aadhaar by February 6, 2018 will be deactivated.
Aadhaar-Social Security Schemes Linking Deadline: December 31, 2017
The government has extended to December 31, 2017, the deadline for providing Aadhaar details to utilise the benefits provided by the social schemes. These schemes include benefits to schemes such as subsidy on LPG cylinders, HRD ministry’s scholarship schemes, availing pensions etc.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
