PAN card to be cancelled if not related to Aadhaar till August 31

Express News Global

The interlinking of Aadhaar and PAN connecting can be done till August 31. The federal government on Monday revealed the extension in due date.

Express News Global Desk|Last Updated: Monday, July 31, 2017.

PAN card to be cancelled if not related to Aadhaar till August 31
PAN card to be cancelled if not related to Aadhaar till August 31

New Delhi: The due date for interlinking of Aadhaar and PAN connecting has actually been extended till August 31. The federal government on Monday revealed the extension in due date. The Central Board of Direct Taxes (CBDT) has actually likewise revealed that.

Tax return (ITR) will be processed after Aadhar-PAN connecting.

Real connecting of PAN with Aadhaar can be done consequently, however at any time prior to 31st August, 2017, revealed Ministry of Finance.

SpeaAAking to CNBC TV18, Revenue Secretary Hasmukh Adhia stated that PAN card will be cancelled if it’s not related to Aadhaar till August 31.

Previously in the day, federal government extended the due date for filing Income Tax Returns (ITRs) till August 5.
The main twitter manage of the department stated the relocation was made “in view of problems dealt with by taxpayers.”.

A senior authorities of the department stated the choice to extend the due date ending today was taken after a conference of the profits department and the Central Board of Direct Taxes (CBDT) was kept in the financing ministry today.

The eleventh hour inundation and heavy going to the main site of the e-filing website of the department resulted in the extension of 5 more days for submitting the ITRs by taxpayers.

The department, till the other day, nevertheless had actually preserved that no extension would be provided as currently over 2 crore returns have actually been gotten and no significant problems on the website had actually been discovered.

The circumstance altered today and the extension was stated.

This time, the connecting of the Aadhaar number with the PAN (Permanent Account Number) of a taxpayer has actually been made obligatory for filing of an ITR, starting July 1.

The department has actually likewise asked taxpayers to state money deposits made in checking account aggregating to Rs 2 lakh or more, post demonetisation in between November 9-December 30 in 2015, in the ITRs.

The ITRs to be submitted by July 31 relate to 2016-17 financial or evaluation year 2017-18.