Wednesday, May 24, 2017
facebook

google plus
Nation

Posted at: Apr 10, 2017, 1:32 AM; last updated: Apr 10, 2017, 1:32 AM (IST)

Linking of Aadhaar, PAN made easy

Show credit, loan payments over Rs 2 lakh in tax return

  • All cash payments of over Rs2 lakh for paying loans and credit card bills during the 50-day period after demonetisation will have to be disclosed in the new one-page income tax return form
  • Besides providing for declaring income, exemption claimed and tax paid, the forms have a new column providing for declaration for any deposit of over Rs 2 lakh in bank accounts made during November 9 and December 30, 2016.
Linking of Aadhaar, PAN made easy

New Delhi, April 9

Individuals struggling to link their Permanent Account Number (PAN) with Aadhaar because of differently spelled names can now simply upload a scanned copy of PAN to get the work done.

The tax department is also planning to introduce an option on the e-filing portal through which taxpayers can choose to link Aadhaar without changing the name by opting for a one-time password (OTP), provided the year of birth of the person matches in both documents.

With the linking of PAN with Aadhaar being made mandatory, individuals can log on to e-filing website of the Income Tax Department or NSDL, but the seeding cannot happen if the name is differently spelt in two cards—like use of full name in PAN and initials in Aadhaar. In such cases, the government has allowed a simple uploading of a scanned copy of PAN on the Aadhaar website. The tax department would start educating taxpayers from this week through media outreach on ways to link PAN with Aadhaar. — PTI

COMMENTS

All readers are invited to post comments responsibly. Any messages with foul language or inciting hatred will be deleted. Comments with all capital letters will also be deleted. Readers are encouraged to flag the comments they feel are inappropriate.
The views expressed in the Comments section are of the individuals writing the post. The Tribune does not endorse or support the views in these posts in any manner.
Share On