17 crore PAN cards are yet to link with Aadhaar card
By MYBRANDBOOK
More than 17 crore PAN card holders are yet to link their PAN (Permanent Account Number) cards with Aadhaar card though the income tax department has extended the deadline for the eighth time in the past. As per the amendment in the Finance Bill, 2019, the income tax department can make all such PAN cards which are not linked to Aadhaar inoperative. The due date to link the 10-digit alphanumeric number issued by the income tax department with UIDAI's 12-digit identification number has been extended from 31 December 2019 to 31 March 2020.
Anurag Singh Thakur, Union Minister of State for Finance has told the Lok Sabha that 30.75 crore PANs were linked to Aadhaar till January while 17.58 crore PAN card holders are yet to abide by the guidelines.
The mandatory linking of Aadhaar with PAN will not only help in de-duplication of PAN but will also prevent potential tax frauds and money-laundering. If the two are not linked and people are using Aadhaar card in lieu of PAN, the income tax department might issue them a new PAN card automatically.
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