Deadline for linking Aadhaar to PAN extended till Dec 31

Deadline for linking Aadhaar to PAN extended till Dec 31”

The government on Thursday extended the deadline for linking Aadhaar to PAN by four more months till December 31, 2017. On July 1, the Centre had made it compulsory for all taxpayers to link both the unique identification numbers for filing income tax returns.

Experts are of the opinion that the extension given is in line with the ongoing petition in the Supreme Court with reference to making Aadhaar mandatory for availing different incentives and subsidies from the government.

"The "due-date" for filing Income Tax Returns and various reports of audit prescribed under the Income-tax Act, 1961, has been extended from 30th September, 2017, to 31st October, 2017, for all taxpayers who were liable to file their Income Tax Returns by 30th September, 2017", the statement added.

However, those categorised as non-resident Indians as per the Income Tax laws, people who are not citizens of India, those above 80 years of age and residents of the states of Assam, Meghalaya and Jammu and Kashmir had been exempt from the requirement. Why link Aadhaar with PAN " If this linking (PAN-Aadhaar) is skipped, the return could be considered invalid and the person may have to file it again which shall be considered belated and may attract penalty, interest and other consequences like disallowances for losses", says Sandeep Sehgal, director of tax and regulatory at Ashok Maheshwary & Associates LLP. December 31 is also the last day to link Aadhaar with bank accounts.

The deadline for linking PAN with Aadhaar previously was July 31 but was extended to August 31. Tax filers, however, were allowed to file their annual income returns by August 5 without linking their Aadhaar with PAN. They were required to simply quote the Aadhaar or the acknowledgement number as proof that they had applied for the unique identification card. "Aadhaar was to be linked with PAN by 31st August, 2017".

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