The government has made it mandatory to link existing Aadhaar numbers with PAN of taxpayers with effect from July 1
The government has made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at the time of application of PAN.
The government has made it mandatory to link existing Aadhaar numbers with PAN of taxpayers with effect from July 1.
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Amending income tax rules and notifying the same, the government has made quoting of the 12-digit biometric Aadhaar or the enrolment ID a must at the time of application for permanent account number (PAN).
Finance Minister Arun Jaitley through an amendment to tax proposals in the Finance Bill for 2017-18 had made Aadhaar mandatory for filing income tax returns and provided for linking of PAN with Aadhaar to check tax evasion through use of multiple PAN cards.
The rules will come into force from July 1, 2017, the revenue department said while amending Rule 114 of the I-T Act, which deals in application for allotment of PAN.
As many as 2.07 crore taxpayers have already linked their Aadhaar with PAN. There are over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.
2.07 cr No of taxpayers who have linked their Aadhaar with PAN
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