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FINANCE MINISTRY EXTENDS DEADLINE FOR PAN AADHAAR LINK
Dated 25.06.2020 : Ministry of Finance , by way of an ordinance , has extended deadline for linking of Aadhaar to PAN ito 31 .03.2021 . 3 . TDS / TCS CERIFICATES Statement of TDS / TCS ( Tax Deducted at Source / Tax collected at Source ) for the period up to March 2020 can be submitted now up to 31st , July 2020 and TDS / TCS Certificates to be issued by 15th , August 2020 . 4. INCOME TAX RETURNS FOR FY 2019-20 : Earlier Due date of all income-tax return for FY 2019-20 were be extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October,2020. . Now all returns can be submitted by 30th, November 2020 5. BUYING TAX SAVING INSTRUMENTS : Normally Depositing money in Public Provident Funds ( PPF ) , Sukanya Samriddhi Account ( SSA ) , insurance premium and purchasing tax saving instruments like National savings certificates should be done in the same year in which Rebates are claimed . However due to national lockdown , time to avail rebates under section 80C , 80D , 80G etc were given by the finance ministry up to 30.06.2020 earlier . . Now the same has been extended up to 31.07.2020 Hence you have time till 31.07.2020 to deposit / purchase such instruments and claim tax rebate for FY 2019-20 . 6. SELF ASSESSMENT TAX For self assessed income of Rs 1.00 lakh or less , one can pay self assessment tax up to 30.11.2020 . 7. CAPITAL GAINS UNDER SECTION 54 TO 54 GB OF IT ACT . Tome limit for making investment by way of investment / construction / buying properties under section 54 to 54GB is 30.09.2020 and exemptions under capital gains tax can be claimed . To read original ordinance / notification . CLICK HERE If you have any doubt on your eligibility in any particular item , you may seek professional help from your chartered accountant . DEADLINE FOR LINKING OF AADHAAR TO PAN NUMBER IS NEAR :
Dated 17.06.2020 : The time limit for linking Aadhar number to PAN number was last extended in the first week of April by FM and the deadline is now 30.06.2020 . As consequence of not linking with the Aadhaar , your PAN will be deactivated and your PAN will become inoperative . If you are required to quote your PAN for any transaction , quoting of the inoperative PAN will be of no avail and will be treated as if a PAN is not quoted . As per section 272B of Income tax act , failure to quote PAN number will attract a penalty of Rs 10,000 if the transaction requires quoting of the Permanent account Number . FOR Linking Aadhaar to PAN Number , Income Tax department has made linking of Aadhaar with pan simple . JUST HOLD YOUR PAN and AADHAAR CARDS HANDY AND GO TO THE LINKING WEBSITE BY CLICKING HERE The following are the exempted categories for linking : a. Non Resident Indians b. Residents of the states of Jammu & Kashmir , Assam and Meghalaya c. All Residents of age 80 years and above d. Non Indian Citizens . LINKING OF AADHAAR TO PAN NUMBER : DEADLINE FURTHER EXTENDED TO 30. 06.2020
Dated 01.04.2020 : Finance Minister announced the extension of time limit for linking Aadhar number to PAN number to 30.06.2020 . IF NOT LINKED TO AADHAAR BEFORE 31.03.2020 , YOUR PAN WILL BE DEACTIVATED
Dated 15.02.2020 : Central Board of Direct Taxes ( CBDT ) has issued a notification on 13.02.2020 , wherein the manner of making PAN Number inoperative is explained if a PAN number is not linked to Aadhaar before 31.03.2020 . 1 . Accordingly if you have been allotted the permanent account number as on the 1st day of July, 2017 and if you are required to intimate your Aadhaar number and if you have not intimated the same on or before the 31st day of March, 2020 , your PAN shall become inoperative immediately . 2. If you are required to quote your PAN for any transaction , quoting of the inoperative PAN will be of no avail and will be treated as if a PAN is not quoted . 3. However if the inoperative PAN is subsequently linked to Aadhaar , the same PAN will become operative . Please note that following are exempted from linking their PAN to Aadhaar : a. Non Resident Indians b. Residents of the states of Jammu & Kashmir , Assam and Meghalaya c. All Residents of age 80 years and above d. Non Indian Citizens . For CBDT Notification dated 13.02.2020 , CLICK HERE LINKING OF AADHAAR TO PAN NUMBER : DEADLINE FURTHER EXTENDED TO 31. 03.2020 Dated 31.12.2019 : Ministry of Finance has further extended time limit for linking Aadhar number to PAN number to 31.03.2020 , as per their twitter announcement . The following are the exempted categories for linking : a. Non Resident Indians b. Residents of the states of Jammu & Kashmir , Assam and Meghalaya c. All Residents of age 80 years and above d. Non Indian Citizens . LINKING OF AADHAAR TO PAN NUMBER : DEADLINE EXTENDED UP TO 30.09.2019 , BUT LINKING IS COMPULSORY TO FILE RETURNS
Dated 01.04.2019 : Ministry of Finance has extended time limit for linking Aadhar number to PAN number to 30.09.2019 . However it is mandatory to quote Aadhaar number while filing IT returns from 01st , April 2019 to all Indian nationals , except exempted category of citizens . Following are the exempted categories for linking : a. Non Resident Indians b. Residents of the states of Jammu & Kashmir , Assam and Meghalaya c. All Residents of age 80 years and above d. Non Indian Citizens . LINKING OF AADHAAR TO PAN NUMBER : EXTENDED DEADLINE ENDS ON 31.12.2019
Dated 16.12.2019 : Ministry of Finance had extended time limit for linking Aadhar number to PAN number to 31.12.2019 , vide notification on 28.09.2019 . Now deadline is ending shortly , Indian Residents who are yet to link may complete the process . However following are the exempted categories for linking : a. Non Resident Indians b. Residents of the states of Jammu & Kashmir , Assam and Meghalaya c. All Residents of age 80 years and above d. Non Indian Citizens . DEADLINE EXTENDED UP TO 31.03.2019
Dated 01.07.2018 : Ministry of Finance has extended time limit for linking Aadhar number to PAN number to 31.03.2019 and hence those people can continue to file IT returns without linking their aadhaar to PAN . However last date for filing IT returns for the financial year 2017-18 ( ay 2018-19 ) is 31.07.2018 . DEADLINE EXTENDED UP TO 30.06.2018
Dated 28.03.2018 : Ministry of Finance has extended time limit for linking Aadhar number to PAN number to 30.06.2018 . DEADLINE EXTENDED UP TO 31.03.2018
Dated 09.12.2017 : Ministry of Finance has extended time limit for linking Aadhar number to PAN number to 31.03.2018 . Hence those who have filed IT Returns without linking their Aadhaar numbers get time up to 31.03.2018 for linking . DEADLINE EXTENDED UP TO 31.12.2017
Dated 01.09.2017 : Ministry of Finance has extended time limit for linking Aadhar number to PAN number to 31.12.2017 . Hence those who have filed IT Returns without linking their Aadhaar numbers get time up to 31.12.2017 for linking . However as there is no mention about the processing of the returns filed in the ministry order , it can be assumed that their IT Returns will not be processed until they link their Aadhaar numbers . Hence it will be prudent to link the Aadhaar numbers early , especially if one is expecting Refund orders from the IT Authorities . With this extension , now for linking of Aadhaar with Pan Number and most of financial assets like Bank Accounts , Insurance , Mutual Funds , Demat accounts , the deadline is uniformly 31.12.2017 . Government has also extended deadline to 31.12.2017 for linking Aadhaar to avail Social Benefits . Dated 31.07.2017 : Now Government has relaxed the condition which was mandating linking of Aadhaar to filing of IT RETURNS . It allows you to file your IT returns now without linking your Aadhar to PAN . You may simply quote your Aadhaar number or acknowledgement number of your Aadhaar application in the return .However to process your return , Income tax department requires you to link your Aadhaar subsequently before 31st August , 2017
NEW MOBILE APPLICATION : AAYKAR SETHU WHICH YOU CAN USE FOR FOR LINKING AADHAAR WITH PAN Dated 14.07.2017 : Now you can use new mobile application for android Phones AAYKAR SETHU for linking your AADHAAR with PAN Number . How to get AAYKAR SETHU APPLICATION ? You can obtain the application by making a missed call to number 7306525252 and you will receive a message giving you the link address for the application . Clicking on the link , you will go to Google Play where you can download the application . You can also download by clicking the link : https://tinyurl.com/y9zq72ej In the application , you can click on " PAN /TAN " where you will get a Icon " LINK PAN WITH AADHAAR " which will take you to income tax department's e-filing site for linking purpose . Otherwise you may go the same utility by CLICKING HERE for Online linking YOU CAN LINK NOW YOUR AADHAAR WITH PAN OFF-LINE ALSO Dated 02.07.2017 : It is a good news now , for all those who were unable to link their Aadhaar number with PAN number due to name mismatch or for any other reasons . Now you may submit off-line to designated PAN Service centres by filling up a one page form . How to submit ? 1. Fill one page form in the Annexure -1 of the notification ( CLICK HERE to view , download and print Annexure 1 with Notification ) 2 . Visit Designated PAN Service Centre of PAN service provider NSDL / UTIITSL 3. Submit the filled form along with copies of your AAdhar Card and PAN card . 4. Pay prescribed applicable Fee . 5. Biometric verification will be done at the service centres , especially when there are mismatches in names . However you have to wait for Details of Designated service centres which will be informed by NSDL / UTIITSL shortly along with Fees payable . The other modes through which you can link are . 1. Online linking by visiting Income Tax efiling website and Visit THE LINKING WEBSITE BY CLICKING HERE . 2 . SMS Mode by sending SMS to 567678 or 56161 in specified format Keyword <space> 12digit aadhar < space > 10 digit pan . Keyword is UIDPAN LINKING OF AADHAAR - CLARIFICATIONS
Dated 30.06.2017 : We have received requests from some of our readers seeking clarifications what will happen if they are unable to link before 01 July 2017 . Here are some of our observations on the basis of news we have got on the subject . If any one has contrary view or knowledge of further developments , they may write to us to check the correctness of our observations . 1. If you have not linked your Aadhaar / Enrollment ID of Aadhar application , you will not be able to submit your IT Returns from 01.07.2017 2. If you do not possess either your Aadhaar number or Enrollment ID of Aadhar application , you will not be able to apply for fresh PAN Card 3. If you have not possessed Aadhaar CARD or applied for one as on 01.07.2017 , your PAN Card will not become invalid as per supreme court decision . 4. If you possess Aadhaar card or applied for Aadhar before 01.07.2017 , it is mandatory to link your Aadhaar card with PAN from 01.07.2017 as per subsection 2 of section 139AA of Income tax Act . However your PAN Card will not become automatically invalid if you have not linked yet , as Government of India is yet to issue Gazette notification regarding the date on which it will become invalid . CBDT has assured to day that PAN without AADHAAR will be valid till further notice . 5. Following are the exempted categories for linking : a. Non Resident Indians b. Residents of the states of Jammu & Kashmir , Assam and Meghalaya c. All Residents of age 80 years and above d. Non Indian Citizens . 6. It is better to link your Aadhar with PAN early . 7. Now Income Tax department has made linking of Aadhaar with pan simple . JUST HOLD YOUR PAN and AADHAAR CARDS HANDY AND GO TO THE LINKING WEBSITE BY CLICKING HERE BREAKING NEWS DATED 30.06.2017 :
It is reported that CBDT has clarified that PAN without AADHAAR is valid till further notice . The department will provide a date in future from when the PAN without AADHAAR will become invalid . Hence Public are advised not to panic Source : News Paper reports 2 DAYS LEFT TO LINK AADHAAR WITH PAN
If you do not link your Aadhaar Number with your PAN Number within next two days , your PAN Number may become invalid . Revenue department has clarified " Every person who has been allotted PAN as on 01.07.2017 , and who is in accordance with subsection 2 of section 139AA is required to intimate his Aadhaar number to Income tax Department . " As per the recent amendment , a person has to link his Aadhaar Number to his PAN Number , even when he is not required to submit IT Return or pay Income tax . However a person who is not holding Aadhaar nor applied for an Aadhaar is not required to link to PAN as per recent supreme court order .
LINKING OF AADHAAR TO PAN
Dated 10.06.2017 : It is reported that Central Board of Direct Taxes ( CBDT ) of Government of India has clarified , after going through the orders of Supreme Court by various departments , that Linking of Aadhaar with PAN is a must for filing Income Tax returns after July, 1st , 2017 . While filing IT Return from 01.07.17 , one has to necessarily quote Aadhaar number or Enrollment ID of Aadhaar application , if Aadhaar number is yet to be issued . Further while applying for PAN Crad also from 01.07.2017 , one has to quote Aadhaar number or Enrollment ID of Aadhar application , if Aadhaar number is yet to be issued . CBDT also has said " Every one who has been allotted PAN Number as on 01.07.2017 and who has Aadhaar number or eligible to obtain Aadhaar number shall intimate his Aadhaar number to income tax authorities for the purpose of linking Aadhar with PAN " However as per Supreme Court order , PAN Card will not be cancelled , just because one is not holding Aadhaar Card or not applied for the same . Such PAN Cards can be used for other purposes . For Press Release , CLICK HERE In light of the clarification issued by CBDT , it will be necessary to link Aadhaar number to his PAN number by all Indians for the purpose of filing IT Returns except the following category , who have been exempted by the government earlier : 1. Residents of Jammu & Kashmir , Assam and Meghalaya states 2. all residents of age above 80 years , 3. all Non Resident Indians 4. Non Indian Citizens LINKING OF AADHAAR NUMBER WITH PAN NUMBER IS MANDATORY FOR AADHAAR CARD HOLDERS Dated 09.06 .2017 : As today Supreme court ruling has made it mandatory to link AADHAAR number with PAN for all those who are holding AADHAAR Cards , it has become necessary to link your AADHAAR CARD with your PAN Number . To facilitate the same , there is a link on incometaxindiaefiling website where in a registered user can log in and link his Aadhaar number . However people were initially experiencing difficulties in using the facility as the names as registered with Income tax department for PAN Cards were differing from the details in Aadhaar site . Hence many were unable to successfully link both the cards . Now to remove the such difficulties , IT department has added a column " Name as Given in Aadhaar card " while linking of both cards on their website . Once you give the details , Site is accepting your Aadhaar card number and linking the same to PAN Card . Hence all those who were unable to link hitherto , may utilize the service which has been made SIMPLE AND EASY now . . To visit IT e-filing site , CLICK HERE and to visit directly to Aadhaar linking page CLICK HERE BREAKING NEWS DATED 09.06.2017
LINKING OF AADHAAR TO PAN It is reported that two judge bench of Supreme Court has given verdict today that Holding of AAdhaar is not necessary to hold a PAN Card . However those holding Aadhaar card have to necessarily link their Aadhaar Card to their PAN Cards . Further SC told that new provision can be effective prospectively and not retrospectively . Hence transactions already undertaken cannot be reopened . HOWEVER IT IS NOT CLEAR YET WHETHER THOSE WHO DO NOT LINK AADHAAR CAN FILE IT RETURNS OR NOT . Once we get clear picture , we shall update on the news LINKING OF AADHAAR TO PAN IN IT WEBSITE -EXEMPTIONS 13.05.2017 : Now Finance Ministry has notified that Residents of Jammu & Kashmir , Assam and Meghalaya states have been exempted from mandatory quoting of Aadhaar Numbers to obtain PAN Cards or in filing of IT Returns. Further this exemptions also apply to all residents of age above 80 years , all Non Resident Indians and those who are not Indian citizens For Finance Ministry Notification , CLICK HERE LINKING OF AADHAAR TO PAN IN IT WEBSITE MADE EASY 04.05.2017 : We refer to Ministry of Finance Press release dated 5th April 2017 , advising that quoting of Aadhaar Number / enrollment ID is mandatory for filing of IT return / applying for PAN CARD . To facilitate the same , there is a link on incometaxindiaefiling website where in a registered user can log in and link his Aadhaar number . However people were experiencing difficulties in using the facility as the names as registered with Income tax department for PAN Cards were differing from the details in Aadhaar site . Hence many were unable to successfully link both the cards . Now to remove the such difficulties , IT department has added a column " Name as Given in Aadhaar card " while linking of both cards on their website . Once you give the details , Site is accepting your Aadhaar card number and linking the same to PAN Card . Hence all those who were unable to link hitherto , may utilize the service . To visit IT e-filing site , CLICK HERE and to visit directly to Aadhar linking page CLICK HERE To view subsequent ministry of finance dated 11.05.2017 , CLICK HERE Dated 10.04.2017 : AADHAAR NUMBERS TO BE LINKED WITH IT RETURNS FROM 01.07.2017 As per RECENT directive , quoting of Aadhaar Number / Enrolment ID of Aadhar application is mandatory for filing IT Returns and for application for allotment Permanent Account Number ( PAN ) from 1st July , 2017 . However Non -Resident Indians ( NRI ) are exempted from quoting Aadhar Numbers , as per latest clarification given by Ministry of Finance . For viewing the press release , CLICK HERE Click to set custom HTML
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Income Tax returns can be filed on line . For further details visit IT RETURNS Page
For Tax on Retirement Benefits CLICK HERE
Income tax dept of Govt of India has a very useful portal which churns out valuable guidance for tax payers . One can go through and understand the basics .
Link to the portal is http://india.gov.in/spotlight/filing-income-tax-returns#itr2
Further there are practical tips for computing tax which can be read and used . For example , the link how to compute other income. One can make use of the portal in understanding law, making payment and also to file returns .
Link to the portal is http://india.gov.in/spotlight/filing-income-tax-returns#itr2
Further there are practical tips for computing tax which can be read and used . For example , the link how to compute other income. One can make use of the portal in understanding law, making payment and also to file returns .