UIDAI

5 Recent Important Income Tax Changes we must know

Finance - Union Finance Minister Nirmala Sitharaman in her maiden budget speech announced some income tax-related changes which will come into effect from September 1, 2019. Cash withdrawals exceeding INR 1 crore in aggregate in a year from finance institutions will attract TDS while in case of property transactions, the definition of immovable pro...

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Interchangeability of PAN Card and Aadhaar Card – One step forward towards a rocky surface

Finance - Permanent Account Number (‘PAN’) is a 10-digit unique identification number issued by the Income Tax department to all judicial persons identifiable under the Income Tax Act, 1961 (‘the Act’). The primary objective of the PAN is to bring a universal tax identification to all the financial transactions and prevent tax evasion by ke...

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PAN becomes invalid if not linked with Aadhaar

Finance - Consequence of not linking PAN with Aadhaar The existing proviso to the sub-section (2) of section 139AA, provides that the PAN allotted to a person shall be deemed to be invalid, in case the person fails to intimate the Aadhaar number, on or before the notified date. In order to protect validity of transactions previously […]...

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Inter-changeability of PAN & Aadhaar for prescribed transactions

Finance - Inter-changeability of PAN & Aadhaar and mandatory quoting in prescribed transactions Existing sub-section (1) of section 139A of the Act, inter alia, provides that every person specified therein, who has not been allotted a PAN, shall apply to the Assessing Officer for allotment of PAN. It has been observed that in many cases persons...

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Linkage of PAN with Aadhaar mandatory from A.Y. 2019-20

Finance - Quoting of Aadhaar and Linking with PAN is mandatory from Assessment Year 2019-20 The Apex Court in it’s recent judgement dated 04.02.2019 in the case of Union of India vs. Shreya Sen reported in [2019] 104 taxmann.com 160 (SC) has held that linkage of PAN with Aadhaar is mandatory and make it clear that from […]...

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Norms of Aadhaar KYC eased for opening of bank account

Finance - Norms of Aadhaar KYC are eased, not of the Change of Address in Aadhaar Norms of Aadhaar KYC are eased for opening of bank account and not for the change of address in Aadhaar, said the Department of Revenue (DoR), Ministry of Finance today while clarifying on Aadhaar KYC use with reference to its notification […]...

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Linking Rupay Card and Accounts with Aadhaar

Finance - Account holders under Pradhan Mantri Jan-Dhan Yojana (PMJDY) are provided with a RuPay Debit card, having an inbuilt accident insurance cover of Rs.1 lakh (Rs.2 lakh for PMJDY accounts opened after 28.08.2018). As apprised by National Payments Corporation of India (NPCI), linking of Aadhaar is not mandatory for activation of RuPay cards....

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Seeding of Bank Account and Linking with Aadhaar

Finance - The linking of the bank accounts with Aadhaar for receiving subsidy/direct benefit transfers from the Government, including the State Governments is done as per the extant provisions of the Aadhaar (Targeted Delivery of Financial and Other subsidies, Benefits and Services) Act, 2016 (18 of 2016)....

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Govt to consider issuing Aadhaar Card for NRIs with Indian Passports 

Finance - Government to consider issuing Aadhaar Card for NRIs with Indian Passports  Government to open four new Embassies in 2019-20 17 iconic Tourism Sites being developed into world class tourist destinations Indian Development Assistance Scheme (IDEAS) to be revamped  The Union Finance Minister proposed to consider issuing Aadhaar Card for N...

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Interchangeability of PAN and Aadhaar to file tax return proposed

Finance - Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to  Rs. 400 crore from earlier cap of upto Rs 250 crore  Interchangeability of PAN and Aadhaar to file tax return proposed 2 % TDS on cash withdrawal exceeding Rs. 1 crore in a year from a bank account to encourage […]...

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SC Judgment on Validity of Aadhaar for Telephone, ITR etc

Justice K.S. Puttaswamy (Retd.) And Another Vs. Union Of India And Others (Supreme Court) - Justice K.S. Puttaswamy (Retd.) & Another Vs. Union Of India & Others (Supreme Court) (1) Whether the Aadhaar Project creates or has tendency to create surveillance state and is, thus, unconstitutional on this ground? Incidental Issues: (a) What is the magnitude of protection that need to be...

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Allow ITR filing without Aadhaar linkage atleast till 31.03.2019: Delhi HC

Shreyasen, & ANR Vs Union of India & ORS (Delhi High Court) - Delhi HC held that that at least for the period till 31.03.2019, the CBDT shall issue an appropriate direction, and also create a platform by amending the digital form of substituting them properly to enable opt out from the mandatory requirement of having to furnish Aadhar Registration or Aadhar li...

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Bombay HC directs Govt To Accept Income Tax Tax Returns without Aadhaar Linkage from petitioners

Hussain Indorewala and Ors. Vs Union of India and Ors. (Bombay High Court) - a) The respondents­ State is directed to accept the return of income for the Assessment Year 2018­19 by the petitioners herein if uploaded on or before 30th June, 2018 without Aadhar number, Aadhar Enrollment or any linkage with the PAN details. ...

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SC extends last date for linking of Aadhaar in bank A/c, PAN & SIM cards

Justice K.S. Puttaswamy (Retd) & Anr. Vs. Union Of India & Ors. (Supreme Court of India) - The Supreme Court on 13th March 2018 has extended the last date for linking of Aadhaar in bank accounts, PAN cards, SIM cards, etc from 31st march 2018 till the date of the final judgement. As per the Supreme Court's order dated 13th March 2018, the requirement of Aadhaar for opening new bank accoun...

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SC extends deadline to Link Aadhaar for all schemes / Services except with PAN to 31.03.2018

Justice K S Puttaswamy (Retd ) And Anr Vs. Union Of India And Ors (Supreme Court Of India) - 1. SC accepted the submission of Government which has stated that (i) The Union government has extended the deadline for Aadhaar linkage with all schemes of its Ministries/Departments until 31 March 2018; (ii) As far as Aadhaar linkage with bank accounts is concerned, for existing bank accounts, the...

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Extension of due date for linking of PAN with Aadhaar from 30.09.2019 to 31.12.2019

Notification No. 75/2019-Income Tax [S.O. 3539(E).] - (28/09/2019) - Extension of due date for linking of PAN with Aadhaar from 30.09.2019 to 31.12.2019 by CBDT vide Notification No. 75/2019 dated 28th of September, 2019...

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Lok Sabha Passes Aadhaar and Other Laws (Amendment) Act, 2019

Bill No. 86 of 2019 - (18/06/2019) - The Lok Sabha on 4th July 2019 passed the Aadhaar (Amendment) Bill 2019, which seeks to replace Ordinance brought by the Centre last March. With over 122 crore Aadhaar numbers having been issued and with the widespread use of Aadhaar as a proof of identity for various purposes by the Government of I...

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Validity of ITR filed prior to 01.04.2019 without quoting of Aadhaar

Circular No. 06/2019-Income Tax - (31/03/2019) - Returns which were filed prior to 01.04.2019 without quoting of Aadhaar number as an outcome of any decision of different High Courts in a specific case or returns which were filed during the period when the online functionality for filing the return without quoting of Aadhaar number was so availab...

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Aadhaar Mandatory for income tax return filing wef 01.04.2019

Notification No. 31/2019 [S.O. 1495(E)] - (31/03/2019) - Notwithstanding the last date of linking of Aadhaar number with PAN being extended to 30.09.2019 in para 1 above, it is also made clear in Circular No. 6 of 2019 that w.e.f. 01st of April, 2019, it is mandatory to quote Aadhaar number while filing the return of income as required under Section 139AA...

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UIDAI To Charge Fee For Aadhaar based Authentication & e-KYC

Notification No. 1 of 2019 - (06/03/2019) - Aadhaar authentication services shall be charged @ Rs 20 (including taxes) for each e-KYC transaction and Rs 0.50 (including taxes) for each Yes/No authentication transaction from requesting entities; THE UNIQUE IDENTIFICATION AUTHORITY OF INDIA NOTIFICATION New Delhi, the 6th March, 2019 AADHAAR (P...

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Recent Posts in "UIDAI"

Norms of Aadhaar KYC eased for opening of bank account

Norms of Aadhaar KYC are eased, not of the Change of Address in Aadhaar Norms of Aadhaar KYC are eased for opening of bank account and not for the change of address in Aadhaar, said the Department of Revenue (DoR), Ministry of Finance today while clarifying on Aadhaar KYC use with reference to its notification […]...

Read More
Posted Under: Finance |

5 Recent Important Income Tax Changes we must know

Union Finance Minister Nirmala Sitharaman in her maiden budget speech announced some income tax-related changes which will come into effect from September 1, 2019. Cash withdrawals exceeding INR 1 crore in aggregate in a year from finance institutions will attract TDS while in case of property transactions, the definition of immovable pro...

Read More
Posted Under: Finance |

Extension of due date for linking of PAN with Aadhaar from 30.09.2019 to 31.12.2019

Notification No. 75/2019-Income Tax [S.O. 3539(E).] (28/09/2019)

Extension of due date for linking of PAN with Aadhaar from 30.09.2019 to 31.12.2019 by CBDT vide Notification No. 75/2019 dated 28th of September, 2019...

Read More

Interchangeability of PAN Card and Aadhaar Card – One step forward towards a rocky surface

Permanent Account Number (‘PAN’) is a 10-digit unique identification number issued by the Income Tax department to all judicial persons identifiable under the Income Tax Act, 1961 (‘the Act’). The primary objective of the PAN is to bring a universal tax identification to all the financial transactions and prevent tax evasion by ke...

Read More
Posted Under: Finance |

Linking Rupay Card and Accounts with Aadhaar

Account holders under Pradhan Mantri Jan-Dhan Yojana (PMJDY) are provided with a RuPay Debit card, having an inbuilt accident insurance cover of Rs.1 lakh (Rs.2 lakh for PMJDY accounts opened after 28.08.2018). As apprised by National Payments Corporation of India (NPCI), linking of Aadhaar is not mandatory for activation of RuPay cards....

Read More
Posted Under: Finance |

Seeding of Bank Account and Linking with Aadhaar

The linking of the bank accounts with Aadhaar for receiving subsidy/direct benefit transfers from the Government, including the State Governments is done as per the extant provisions of the Aadhaar (Targeted Delivery of Financial and Other subsidies, Benefits and Services) Act, 2016 (18 of 2016)....

Read More
Posted Under: Finance |

PAN becomes invalid if not linked with Aadhaar

Consequence of not linking PAN with Aadhaar The existing proviso to the sub-section (2) of section 139AA, provides that the PAN allotted to a person shall be deemed to be invalid, in case the person fails to intimate the Aadhaar number, on or before the notified date. In order to protect validity of transactions previously […]...

Read More
Posted Under: Finance | ,

Inter-changeability of PAN & Aadhaar for prescribed transactions

Inter-changeability of PAN & Aadhaar and mandatory quoting in prescribed transactions Existing sub-section (1) of section 139A of the Act, inter alia, provides that every person specified therein, who has not been allotted a PAN, shall apply to the Assessing Officer for allotment of PAN. It has been observed that in many cases persons...

Read More
Posted Under: Finance |

Govt to consider issuing Aadhaar Card for NRIs with Indian Passports 

Government to consider issuing Aadhaar Card for NRIs with Indian Passports  Government to open four new Embassies in 2019-20 17 iconic Tourism Sites being developed into world class tourist destinations Indian Development Assistance Scheme (IDEAS) to be revamped  The Union Finance Minister proposed to consider issuing Aadhaar Card for N...

Read More
Posted Under: Finance |

Interchangeability of PAN and Aadhaar to file tax return proposed

Lower rate of 25 % Corporate Tax extended to companies with Annual Turnover up to  Rs. 400 crore from earlier cap of upto Rs 250 crore  Interchangeability of PAN and Aadhaar to file tax return proposed 2 % TDS on cash withdrawal exceeding Rs. 1 crore in a year from a bank account to encourage […]...

Read More
Posted Under: Finance |

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