For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Take This Step Else Your PAN Can Be Cancelled

|

In September last year, the Supreme Court held the constitutional validity of the Centre's Aadhaar scheme. The apex court has also mandated the filing of income tax return (ITR) with Aadhaar and the deadline to link PAN with Aadhaar ends on March 31.

Take This Step Else Your PAN Can Be Cancelled
 

By linking with Aadhaar, we will know whether there are any duplicate PAN or not. And there are certain duplicate PANs... If it is not linked, we may cancel the PAN also," said CBDT Chairman Sushil Chandra.

Sushil Chandra said that out of the total 42 crore PAN cards that have been issued by the Income Tax Department, just 23 crore individuals with PAN have so far linked their PAN with biometric ID Aadhaar, even as the last date to link the two IDs is March 31, 2019.

After Aadhaar is linked to PAN and a bank account is linked to the PAN, the department of income tax will be able to extract crucial information concerning the assessee such as the spending pattern along with other details.

GoodReturns.in

Read more about: pan aadhaar income tax return cbdt
Story first published: Friday, February 8, 2019, 11:59 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more