Aadhaar Should For Submitting Income tax return, New PAN From July 1: Central government

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From July 1, 2017 onwards everyone eligible to acquire Aadhaar needs to estimate their Aadhaar number or their Aadhaar enrolment ID number for filing of tax return along with for applications for PAN.

All India|Press Trust of India|Updated: June 10, 2017

Aadhaar Should For Submitting Income tax return, New PAN From July 1: Central government
Aadhaar Should For Submitting Income tax return, New PAN From July 1: Central government

NEW DELHI: The Central Board of Direct Taxes (CBDT) today made it clear that Aadhaar will be a “should” for filing of Income Tax Returns or for acquiring a brand-new PAN from July 1, 2017.

The policy-making body of the Income Tax Department provided a declaration mentioning that the Supreme Court the other day had actually just provided a “partial relief” to those who do not have an Aadhaar or an Aadhaar enrolment ID, and the taxman, for this reason, will not “cancel” their Permanent Account Number (PAN).

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The CBDT released a three-point “result of the judgement” of the leading court declaration stating:

From July 1, 2017 onwards everyone eligible to acquire Aadhaar needs to estimate their Aadhaar number or their Aadhaar enrolment ID number for filing of tax return along with for applications for PAN.

“Everyone who has actually been allocated irreversible account number as on the 1st day of July, 2017, and who has Aadhaar number or is qualified to get Aadhaar number, will intimate his Aadhaar number to earnings tax authorities for the function of connecting PAN with Aadhaar,” it stated.

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It discussed exactly what will take place in a case of “non- compliance” or where an individual does not have Aadhaar.

“Only a partial relief by the Court (SC) has actually been provided to those who do not have Aadhaar and who do not want to get Aadhaar for the time being, that their PAN will not be cancelled so that other effects under the Income Tax Act for cannot price quote PAN might not develop,” the CBDT stated.

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An individual can not do his typical banking and monetary operations and thus this relief is provided if the PAN is cancelled. It has actually been made clear that for filing of ITR or to get a brand-new PAN, Aadhaar will be necessary from July 1, a senior I-T authorities described.

Senior authorities stated the peak court’s order provided the other day was “studied” by a top-level group of authorities from the Law Ministry, Finance Ministry, CBDT and the Income Tax Department after which this information has actually been released.

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