The union government extended the date to link permanent account number (PAN) with Aadhaar from 30th September to 31st December.
This is the seventh time that the government has extended the deadline for individuals to link their PAN with Aadhaar.
The Central Board of Direct Taxes (CBDT) issued a notification on Friday in this connection, the policy-making body for the Income-Tax Department.
It is now mandatory to link the two unique IDs for income tax purposes.
The Supreme Court, in September last year, had declared the Centre’s flagship Aadhaar scheme as constitutionally valid and held that the biometric ID would remain mandatory for the filing of I-T returns and allotment of 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 tax authorities.
Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to a resident of India and PAN is a 10-digit alphanumeric number allotted by the IT Department to a person, firm or entity.
Central Government has made it necessary to link the bank account, PAN card to Aadhaar card under Money Laundering (PMLA) Act. Those who do not do so, their PAN card will be declared invalid.
Source : Various