By PTI | Updated: Jun 10, 2017, 05.41 PM IST
The CBDT today made it clear that Aadhaar will be a "must" for filing of Income Tax Returns or for obtaining a new PAN from July 1.
The policy-making body of the Income Tax
Department issued a statement stating that the Supreme Court yesterday
had only given a "partial relief" to those who do not have an Aadhaar or
an Aadhaar enrolment ID, and the taxman, hence, will not "cancel" their
Permanent Account Number (PAN).
The Central Board of Direct Taxes (CBDT) issued a three- point "effect of the judgement" of the apex court statement saying:
►From July 1, 2017 onwards every person
eligible to obtain Aadhaar must quote their Aadhaar number or their
Aadhaar enrolment ID number for filing of income tax returns as well as
for applications for PAN.
"Everyone who has been allotted permanent
account number as on the 1st day of July, 2017, and who has aadhaar
number or is eligible to obtain Aadhaar number, shall intimate his
Aadhaar number to income tax authorities for the purpose of linking PAN
with Aadhaar," it said.
►It explained what will happen in a case of "non- compliance" or where a person does not possess Aadhaar.
"Only a partial relief by the Court (SC) has
been given to those who do not have Aadhaar and who do not wish to
obtain Aadhaar for the time being, that their PAN will not be cancelled
so that other consequences under the Income Tax Act for failing to quote
PAN may not arise," the CBDT said.
►If the PAN is cancelled, then a person cannot
do his normal banking and financial operations and hence this relief is
given. But, it has been made clear that for filing of ITR or to obtain a
new PAN, Aadhaar will be mandatory from July 1, a senior I-T official
explained.
Senior officials said the apex court's order
given yesterday was "studied" by a high-level team of authorities from
the Law Ministry, Finance Ministry, CBDT and the Income Tax Department
after which this clarification has been issued.
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