Aadhaar card is an identity and address proof document with a 12 digit number issued by the UIDAI on behalf of Indian government. There is also an option to get e-Aadhaar card. Govt has now made it mandatory to link Aadhaar and PAN card. More
Income tax department in its notification said if PAN Card and Aadhaar Card is not linked with each other then such PAN card holders may witness several consequences and PAN Card will become 'inoperative', according to income tax laws under the Income Tax Act.
Aadhaar card is must for issuing the new PAN card and also mandatory for filing of income tax returns.
All those who possess a valid Aadhaar card linked to a registered mobile number can avail of this facility.
Pan & Aadhaar Link: In the Union Budget for 2019-20, the government has introduced the interchangeability of PAN and Aadhaar for many transactions.
Masked Aadhaar Download: UIDA has launched a masked aadhaar card which is another version of Aadhaar. The masked version of the Aadhaar card serves as a valid ID proof at almost all private and public establishments in India. Know more!
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"Building a better tomorrow! To reap seamless benefits of income tax services, complete the vital link before 31st December, 2019," the department said.
The income tax department can impose a penalty of Rs 10,000 if anyone is found to have given an wrong PAN number under section 272B of the Income Tax Act 1961. This provision is applicable where it is compulsory to quote PAN card number for carrying out specific financial transactions or filing income tax return (ITR).
A PAN card is issued by the income tax department via two agencies- UTIITSL and NSDL-TIN.
To link these two identity cards (PAN and Aadhaar), all you need to do is head to the Income Tax department's e-filing website.
Failing to link your PAN card to Aadhaar might render your PAN card 'inoperative' from October 1 onwards.
INAPH, which will be known as Pashu Aadhaar, is being introduced with the aim of enhancing traceability of our livestock and their products
Government is now trying to make legal amendments to the Income Tax Act so that the penal provisions for violations related to PAN number can be extended to Aadhaar violations also.
Until now, NRIs were required to wait for a mandated 180 days before they were issued their Aadhaar cards.
Indians other than those in the two age brackets will not be able to use Aadhaar to travel to the two neighbouring countries, for which no visas are needed, clarified the communique issued recently.
A division bench of justices AS Oka and SK Shinde while hearing a petition filed by Ramesh Purale, working as a chargeman with the Mumbai Port Trust, said his salary cannot be withheld over failure to link his bank account with his Aadhaar card.
A lesser-known feature, the biometric lock in existing Aadhaar system is aimed at allowing users to safeguard or lock down their biometrics as and when they want.
Aadhaar is now mandatory for all post office deposits, the public provident fund (PPF), the national savings certificate (NSC) scheme and the Kisan Vikas Patra (KVP). The Finance Ministry has issued four separate notifications, declaring Aadhaar is mandatory for the schemes. Existing depositors have been given time till December 31, to provide the 12-digit unique identification number. In an interview to CNBC-TV18, Sanjay Hegde, Senior Lawyer at Supreme Court discussed the ramifications of this move.
The statement comes a month after the Ministry of Civil Aviation said within three to four months, it would be mandatory for air travellers in the country to provide unique identification (UID) like Aadhaar card, passport or PAN, at the time of booking tickets.
According to a statement issued by ISB, as a part of the initiative, the B-school will engage with researchers and academic institutions in India and abroad to promote an ecosystem of research on the Aadhaar card.
Villagers of Kanjasa are a perplexed lot. Going by their newly acquired Aadhaar cards, some 1000 of them should be celebrating their birthday on the same day -- January 1.
The weakest coverage group is under five years with coverage below 50 percent. On the contrary, between 5-18 years age group has he highest coverage at 90 percent.
Motor Vehicles (Amendment) Bill, 2016, that will become an Act post its clearance by Rajya Sabha may seem stringent but it can go a long way in making the sector transparent.
The notification directs brokerage houses, banks, insurance companies and other financial institutions to instruct US investors to comply with the deadline and block their accounts if they fail to do so.
The ministry, which is in process of drafting a no-flyers list, is looking at adding four level of offences, which will make passenger identification mandatory. These level of offences will be based on seriousness of the issue, as per the media report.