Showing posts with label PAN. Show all posts
Showing posts with label PAN. Show all posts

Wednesday, 28 March 2018

Aadhaar-PAN linking deadline extended to June 30; all you need to know

Earlier deadlines for linking Aadhaar with PAN were July 31, August 31 and Dec 31, 2017, with the last being March 31 this year.

aadhaar
Latest News : The Central Board of Direct Taxes (CBDT) on Tuesday extended the last date for linking of Aadhaar with Permanent Account Number (PAN) from March 31, 2018, to June 30, 2018.
The order said the deadline for PAN-Aadhaar linking for filing I-T returns is being extended after “consideration of the matter”.
It is understood that the latest order by CBDT has come in the backdrop of the Supreme Court, earlier this month, directing extension of the March 31 deadline for linking Aadhaar with various other services.
The apex court ordered for the extension of the deadline till the five-judge constitution bench delivers its judgment on petitions challenging the validity of the biometric scheme and the enabling law.
This is a fourth extension given by the government for individuals to link their PAN with their biometric ID.
The government has now made quoting of Aadhaar mandatory for filing income tax returns (ITRs) as well as obtaining a new PAN.
Section 139 AA (2) of the Income Tax Act says that every person having PAN as on July 1, 2017, and eligible to obtain Aadhaar, must intimate his Aadhaar number to the tax authorities.
As per updated data till March 5, over 166.5 million (16.65 crore) PANs, out of the total about 330 million (33 crore), have been linked with Aadhaar.
The earlier deadlines for linking the two databases were July 31, August 31 and December 31, 2017, with the last being March 31 this year.

→ Aadhaar Deadline ←

Monday, 4 December 2017

SBI to hide PAN info on tax refund envelopes after activist raises concerns

Activist Batra wrote to Urjit Patel, alleging that SBI was violating its directions on ‘protection of customer’s information’ by sending crucial information.

sbi
Income tax News : State Bank of India will “redesign” its envelopes used to dispatch tax refund cheques of customers to cover their PAN and contact numbers, after an activist raised that the crucial personal information was visible to anyone which may result in misuse, the bank said.
The move comes nearly 16 months after activist Commodore (retd) Lokesh Batra raised the issue that the window envelopes used by SBI make it easy for someone to glance through permanent account number (PAN) and contact number of the tax payee and misuse it.
Batra wrote to Reserve Bank of India (RBI) Governor Urjit Patel, alleging that SBI was violating its directions on ‘protection of customer’s information’ by sending crucial information about customers in “unsecured envelopes”.
“…this systemic failures by banks must be breaching the personal information of very large numbers of People. I had reported this matter at the highest level in SBI…, but as of now no one has even blinked…and breaching of people’s personal information is continuing,” he wrote to the RBI Governor on November 28.
He said he had been “pleading” with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing has changed.

Click to Read → Permanent Account Number

Monday, 11 September 2017

Govt extends deadline for linking PAN and Aadhaar to December 31

The deadline for linking PAN with Aadhaar previously was August 31

 pan
 
The government has extended the deadline for linking income tax PAN with Aadhaar by four months to December 31.

The previous deadline was August 31.  → Efiling Of Income Tax

Recently, the deadline for Aadhaar linking to avail oneself of social sector schemes had been extended till December-end.

Section 139 AA (2) of the Income Tax Act says every person with PAN as on July 1, 2017, and is eligible to obtain Aadhaar must intimate his Aadhaar number to tax authorities.

Tax Filing ←       → Income Tax Efiling

However, those categorised as non-resident Indians as per income tax laws, people who are not citizens of India, those above 80 years of age and residents of Assam, Meghalaya and Jammu and Kashmir had been exempt from the requirement.

The deadline for linking PAN with Aadhaar previously was July 31, but was extended to August 31.... Read Full Article