LINK PAN CARD AND AADHAR CARD
Government will invalidate all PAN cards which are not linked to the base till September 1. At present, 180 of the existing 400 million PAN cards are not linked to the Aadhar card. To validate and continue to use existing PAN card, citizens will have to add them to the base or they will be allowed to use the basis while filing the specified returns under the Income Tax Act and during other high value transactions. . After September 1, for tax returns and other specified transactions, which cite a base number, which is not already linked to a PAN number, the Income Tax Department will receive a warning. Proposed base-link linkage will be rollout to finance Bill 2019
At present, approximately 220 million Pan Card are connected to the base and approximately 180 million panes are not there. We are going to provide flexibility to either use. However, the PAN cards which are not linked to the base so far will be placed in the first suspension. Sources of the Finance Ministry said that citizens can activate them by connecting them with the base. If the citizen does not link to both, and instead offer their base number for a tax return or a specified transaction, the IT department will automatically generate a new PAN number electronically which can be downloaded online and the future In accordance with the basis, in accordance with the sources can use. The finance ministry said, after the passage of the Finance Bill 2019 Parliament has proposed to implement the Pan-base linkage.
The government has also proposed to include sub-section (6 B) in the IT Act, in which the receiver of documents has the right to check the PAN and the authenticity of the basis. Explaining the provisions of the Finance Bill notes in the memorandum, it has been said that the person receiving any document related to such transactions should be offered the duty of duty, these new proposed sub-clauses (6 B) Through, to ensure the PAN or the base number can be.
CHECK: HOW TO LINK PAN CARD AND AADDAR CARD
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