Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
Who Are Exempt From Quoting Aadhaar In E-Returns?
Few of the individuals have now been exempted from filing annual tax returns with necessary Aadhaar linking with PAN.
The quoting of Aadhaar as well as linking of Aadhaar with PAN has been mandatory for filing Income Tax Returns with start of July 1st , 2017 as per Section 139AA of the Income Tax Act. More so, for making a new application for PAN, individuals need to provide their Aadhaar ID number or Enrollment ID, in case the Aadhaar is applied for by an individual.
Sub section 3 of the Section 139AA allows the Central Government to provide for person(s) or State(s) for which this mandatory provision of quoting Aadhaar shall not apply while filing Income Tax Returns.
According vide a notification date May 11, 2017, Central Goverrnment, provided a list of individuals who shall not be required to provide for the Aadhaar details.
These include:
1. Individuals who are residents of Assam, Meghalaya and Jammu and Kashmir
2. An individual who as per the Income Tax Act 1961 is a non-resident
3. An individual who as per the Income Tax Act 1961 qualifies as a super senior citizen i.e has attained an age of 80 years or more.
4. An individual who is not a citizen of India.
To make the process easy and smooth for taxpayers, yesterday the department introduced a facility to link Aadhaar and PAN. Know more about it here.
GoodReturns.in
