Pan-Aadhaar linking deadline: Why you must do it before March 31
New
Delhi,
Feb
15:
Permanent
Account
Number
(PAN)
will
become
inoperative
if
it
is
not
linked
with
Aadhaar
by
March
31,
2020,
the
Income
Tax
department
has
said.
The
deadline
for
linking
of
PAN
and
Aadhar
has
been
extended
several
times
and
the
current
deadline
ends
on
March
31,
2020.
Till January 27, 2020, over 30.75 crore PANs have already been linked to Aadhaar. However, 17.58 crore PANs are yet to be linked with the 12-digit biometric ID.
"Where a person, who has been allotted the permanent account number as on July1, 2017 and is required to intimate his Aadhaar number under sub-section (2) of section 139AA, has failed to intimate the same on or before March 31, 2020, the permanent account number of such person shall become inoperative immediately after the said date for the purposes of furnishing, intimating or quoting under the Act," the Central Board of Direct Taxes (CBDT) said.
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Through a notification, the CBDT amended Income Tax rules and inserted Rule 114AAA, stipulating the "manner of making permanent account number inoperative".
The notification further said that persons whose PANs become inoperative shall be liable for all the consequences under the I-T Act for not furnishing, intimating or quoting the permanent account number.
For those linking PAN with Aadhaar after March 31, 2020, the I-T department said it shall "become operative from the date of intimation of Aadhaar number".
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.
The Supreme Court had in September 2018 declared Aadhaar as constitutionally valid and held that the biometric ID would remain mandatory for the filing of income tax returns and allotment of PAN cards.
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Aadhaar is issued by the Unique Identification Authority of India, or UIDAI, to a resident of India and PAN is a 10-digit alphanumeric number allotted by the income tax department to a person, firm or entity.