CBDT's PAN-Aadhar linking deadline expires today

New Delhi, June 30 (KNN) The Central Board of Direct Taxes (CBDT)'s last date of linking PAN with Aadhaar is today i.e. June 30.Failing to do so might make your PAN invalid, as per section 139AA (2) of the Income Tax Act.

Many chartered accountants opined that there would be grave consequences for those whose PAN-Aadhaar are not linked by this deadline.

While some of them hoping that CBDT would further extend the deadline in order to avoid the hardship for common tax payers.

But if in case deadline is not extended then those whose PAN –Aadhaar are not linked will not be able to file their income tax returns from July 1, 2018 and it is also possible that they might able to file the return but it may not be processed at the back.

CBDT in the past has extended the deadline to link same several times. The initial deadline to link PAN and Aadhaar was 31 August, 2017 which was further extended to December 31, 2017.

This deadline was again extended to March 31, 2018. Post Supreme Court judgement of extending deadline 'indefinitely' of linking Aadhaar to various services, CBDT pushed the deadline to June 30, 2018.

In its press release dated 10 June, 2017, the CBDT had stated that the Supreme Court, in its judgement, had upheld the validity of Section 139AA (1) and Section 139AA (2) which mandatorily require quoting of Aadhaar for new PAN applications as well as for filing of returns and require that the Aadhaar number must be intimated to the prescribed authority for the purpose of linking with PAN. 

Talking about this with KNN, Dr Yerram Raju, Economist and Risk Management Specialist said that linking PAN with Aadhaar is itself a fraught with great risk of losing personal data.

He said that Aadhaar contain several personal information whereas PAN doesn’t contain and thus it will lead to lots of complications.

Linking PAN with Aadhaar will only upset the applecart, he added.

Further, he said that it is the indirect way of capturing data of the enterprises and it may lead to harassment by the tax authorities and by others because person doesn’t know where the data goes.

The idea is wholesomely insidious. It will be going to end up with big harassment latter, he added.