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A new requirement under Income tax law to Quote
Aadhaar number came with Finance Act 2017 with effect from 1st April
2017. All eligible person who is required to obtain Aadhaar shall require to
quote his/her Aadhaar number on
while making an application for getting permanent
account number (PAN) or
in return for income
However, relief was given to those who do not hold
Aadhaar but has made an application for Aadhaar and he/she has enrolment id of
Aadhaar application. So for such class of person even quoting of enrolment id of Aadhaar application is also a sufficient
Further, every person who was holding PAN as on 1st July 2017 and is also eligible to obtain Aadhaar number
shall require to intimate his/her
Aadhaar number to authority by linking PAN with Aadhaar by login on https://www.incometaxindiaefiling.gov.in
under Profile setting -link Aadhaar option. It is a very easy process to link
Aadhaar number over E-filing Portal. You just have to mention Name as per Aadhaar
and date of birth or year as per mentioned over Aadhaar.
Failure to intimate Aadhaar number through the above process, PAN
allotted to such person shall be made inoperative after 31st March 2020. The date got extended from 31st
December 2019. So non-intimation shall lead to De-activation of PAN.
Every person who is required to furnish or intimate
or quote his PAN &
has not been allotted a PAN but possesses the Aadhaar number than in such the scenario he/she may furnish or intimate or quote his/her Aadhaar number in lieu
of the PAN and such person shall be allotted a PAN by the authority on
has been allotted a PAN and the Aadhaar is intimated as supra then he/she may furnish or intimate or quote his Aadhaar
number in lieu of the PAN.
With interchangeability of PAN with Aadhaar
number, one can quote your Aadhaar number in place of PAN and can file Income
tax return and pay taxes, however, the current forms require modification to
accept Aadhaar in place of PAN.
number can also be quoted in place of PAN for
sale or purchase of the motor vehicle,
opening of bank account,
opening of Demat account,
payment in cash above
Rs.50,000 in case of
payment to hotel,
travel to any foreign country or purchase of foreign currency,
cash deposit in bank,
purchase of a bank draft.
aggregate payment above Rs.50000 for
payment to a Mutual Fund for purchase of its units.
payment to a company or an institution for
acquiring debentures or bonds issued by it
a time deposit
f. The payment as life
insurance premium of an amount aggregating to more than fifty thousand
rupees in a financial year.
Sale or purchase, by any person, of shares of a company not listed in a
recognized stock exchange of an amount exceeding one lakh rupees per
Sale or purchase of any immovable property of amount exceeding ten lakh rupees
Sale or purchase by any person of goods or
services of an amount exceeding two lakh rupees per transaction
Further, the CBDT has acquired
powers to notify such other transactions as they deem fit.
So it is strongly
advice to all income taxpayer who are eligible to obtain Aadhaar
number or has Aadhaar number should intimate Aadhaar number to Income Tax
authority his/her PAN through the above process and enjoy the benefit of interchangeability and re-activate your PAN for a lifetime.
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