Earlier it was floated that if before July 1, 2017 PAN is not linked with Aadhar, then the PAN will become invalid, but that’s not the case actually. The Government has not declared yet anything in this context. Indeed the linking will become mandatory from July 1, but its not mandatory to link before July 1.
Now the question arise, if income is below the tax limit. No matter, whatever be the income, its mandatory for every individual to quote their PAN with Aadhar. In nutshell, senior citizens, students, entry- level workforce, housewives etc., irrespective of their income (be its nil also) have to link their PAN with Aadhar.
|As per section 139AA of Income Tax Act, 1961
(1) Every person who is eligible to obtain Aadhaar number shall, on or after the 1st day of July, 2017, quote Aadhaar number—
Provided that where the person does not possess the Aadhaar Number, the Enrolment ID of Aadhaar application form issued to him at the time of enrolment shall be quoted in the application for permanent account number or, as the case may be, in the return of income furnished by him.
(2) Every person who has been allotted permanent account number as on the 1st day of July, 2017, and who is eligible to obtain Aadhaar number, shall intimate his Aadhaar number to such authority in such form and manner as may be prescribed, on or before a date to be notified by the Central Government in the Official Gazette:
Provided that in case of failure to intimate the Aadhaar number, the permanent account number allotted to the person shall be deemed to be invalid and the other provisions of this Act shall apply, as if the person had not applied for allotment of permanent account number.
(3) The provisions of this section shall not apply to such person or class or classes of persons or any State or part of any State, as may be notified by the Central Government in this behalf, in the Official Gazette.
Explanation.—For the purposes of this section, the expressions—
Three easy steps to link your Aadhar with PAN
The government has made it mandatory to provide both Aadhaar and PAN number for filing taxes from July 1 onward. Following are the three easy steps:
Hope this information will help you in your Professional endeavors. For further assistance/query, feel free to write to us.
Author: C S Ekta Maheshwari is the Author of this article and is Company Secretary by profession. The Author can be reached at firstname.lastname@example.org
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