Linking Aadhar and PAN is not mandatory for all
Posted on: 05/Jul/2017 3:46:21 PM
There was an earlier announcement that mandated linking Aadhar card and PAN card within 1st July 2017. However, the Central Board of Direct Taxes or otherwise known as CBDT has stated that the rule might come into effect later.
Select classification of individuals and entities fall under the compulsory linking category, as per CBDT notification on 11th May, and they will be exempt from the exercise. Following this, the Supreme Court stands by the Section 139AA, favoring the income tax department, say reports.
As per CBDT directive, below is the list of entities and classification of individuals who will be exempt from mandatorily linking Aadhar and PAN card.
- Those who are non-resident Indians all of whom are categorized that way under the Indias Income Tax laws
- Those who are not Indian citizens
- If you age beyond 80 years during the tax year
- People living in north eastern states of Meghalaya, Jammu and Kashmir and Assam
For the above mentioned, they will not fall under section 139AA of Income Tax Act. So, they need not get their Aadhar card and PAN card linked mandatorily.
As per section 139AA of Income Tax Act, those who hold PAN card as of 1st July 2017, and those who already have Aadhar card or those who have applied for the same should inform about the same to the tax authorities.
