Regardless of the annual assessment office having stretched out the cutoff time to connect PAN (Permanent Account Number) card with Aadhaar card multiple times previously, in excess of 17 crore PAN card holders are yet to interface the two reports. After alteration in the Finance Bill, 2019, the personal assessment office has the position to make all such PAN cards which are not connected to Aadhaar broken.
“On the off chance that an individual neglects to suggest the Aadhaar number, the perpetual record number allocated to such individual will be made broken after the told date in the way as might be given by rules,” peruses Clause 41 of Section 139AA of the Income Tax Act. The alteration happened from 1 September 2019. Clearly all such broken PAN cards will become pointless except if connected to Aadhaar.
Association Minister of State for Finance Anurag Singh Thakur has told the Lok Sabha that 30.75 crore PANs were connected to Aadhaar till January while 17.58 crore PAN card holders are yet to submit to the rules.
The due date to connect the 10-digit alphanumeric number gave by the personal duty division with UIDAI’s 12-digit ID number has been stretched out from 31 December 2019 to 31 March 2020. “The expansion of due date for connecting of PAN with Aadhaar will profit these PAN holders as they will get additional opportunity to interface their PANs with Aadhaar,” Thakur said.
India has in excess of 48 crore PAN card holders while in excess of 120 crore Indians claim Aadhaar cards. The two-identity cards are currently compatible for all reasons identified with the annual duty office however it is compulsory to interface the two. On the off chance that the two are not connected and you are utilizing Aadhaar card in lieu of PAN, the personal duty division may give you another PAN card consequently.
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