Linking PAN With Aadhaar Card: Government Extends Last Date For PAN-Aadhaar Linking
The government on Saturday extended the due date for linking PAN or Permanent Account Number with the Aadhaar number - also known as the Unique Identity Number - by three months. In a notification, the Finance Ministry said the new deadline for linking the Aadhaar number with PAN will be December 31. This marks the seventh time the government has extended the deadline for the public to link the two identification numbers. The last extension was in March this year, when the government had pushed the last date by six months to September 30.
(Also read:Â Non-Resident Indians Can Now Apply For Aadhaar Card On Arrival Without 182-Day Wait)
CBDT extends the date for linking PAN & Aadhaar from 30th September, 2019 to 31st December, 2019. Notification issued on 28.09.2019. pic.twitter.com/XlWlDe136r
September 28, 2019The Supreme Court had in September last year declared the government's flagship Aadhaar scheme as constitutionally valid and held that quoting of the Unique Identity Number (UID) would remain mandatory for filing of income tax returns and allotment of PAN.
(Also read: Top Court Asks If Centre Plans Aadhaar Verification For Social Media | Aadhaar Can Be Used For Cash Transactions Above Rs. 50,000)
In the first Budget of Prime Minister Narendra Modi's second term, the government allowed interchangeability of Aadhaar with PAN under income tax rules. That means assessees can now file their income tax returns by quoting Aadhaar instead of PAN.
(Also read:Â Aadhaar Compulsory For New Dealers From January 2020, Says GST Network)
However, in such cases, a PAN will be generated automatically, the Central Board of Direct Taxes - the top policymaking body for the Income Tax Department - said earlier this month. (Also read: Aadhaar, PAN Card Steps To Expand Tax Base, Say Experts)
Issued by the Income Tax Department, PAN is a 10-character alphanumeric identification number that enables the taxman to link the financial transactions with an individual. Aadhaar is a 12-digit identification issued by the Unique Identification Authority of India (UIDAI).Â
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
