As many as 18 crore permanent account numbers (PAN) in the country would be declared inoperative unless they are linked to Aadhaar numbers before March 31, 2021, according to a Hindustan Times report. The Income Tax Department had last made this threat in February, declaring the deadline to be March 31, 2019. It had even allowed linking of PAN numbers that have become non-operative with Aadhaar. According to MyGovIndia, 32.71 crore out of 50.95 crore PANs in the country have been linked with Aadhaar as of June 29, 2020. Officials told Hindustan Times that it linking the two databases would help nab tax-evaders "conducting high-value transactions" using multiple PAN numbers. The underlying logic is that linking PAN with Aadhaar would make it impossible for citizens to obtain additional PANs. The government also hopes to increase the tax base and reduce evasion, something that Prime Minister Narendra Modi reiterated recently while launching a new platform for filing tax returns. Deadlines extended multiple times The plan to link the two databases is an old one, and the deadline for the same has been extended multiple times before. In June this year, the deadline was extended to the current data: March 31, 2021. The earlier deadline was June 30, 2020. The deadline prior to this was March 31, 2020. MediaNama has written in the past about the different issues surrounding Aadhaar-PAN linkage and the numerous deadline extensions: Too many extensions: In March 2019, the Central Board of Direct Taxes (CBDT) deadline was extended hours…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...