[When you file your income tax return, you will have to include your Aadhaar number, the government has proposed today in parliament. Any application for a Permanent Account Number or PAN, which is a unique ID assigned to each tax payer, will also have to state your Aadhaar or 12-digit unique ID, which is backed by biometrics like finger prints and iris scans stored in a central repository. ... >From July 1 onwards, any PAN card not linked to an Aadhaar identity will be considered invalid. PAN is essential for basic financial transactions like receiving a salary.
(The text of the relevant portion of the latest SC order, dated August 11 2015, reads as under: Having considered the matter, we (the three-judge bench) are of the view that the balance of interest would be best served, till the matter is finally decided by a larger Bench if the Union of India or the UIDA proceed in the following manner:- 1. The Union of India shall give wide publicity in the electronic and print media including radio and television networks that it is not mandatory for a citizen to obtain an Aadhaar card; 2. ***The production of an Aadhaar card will not be condition for obtaining any benefits otherwise due to a citizen*** (emphasis added); 3. ***The Unique Identification Number or the Aadhaar card will not be used by the respondents for any purpose other than the PDS Scheme and in particular for the purpose of distribution of foodgrains, etc. and cooking fuel, such as kerosene. The Aadhaar card may also be used for the purpose of the LPG Distribution Scheme;*** (emphasis added) 4. The information about an individual obtained by the Unique Identification Authority of India while issuing an Aadhaar card shall not be used for any other purpose, save as above, except as may be directed by a Court for the purpose of criminal investigation. Ref: p. 16&17 / 18 at <http://judis.nic.in/supremecourt/imgs1.aspx?filename=42841>. May also look up p. 15&16 / 25 at <http://www.sacw.net/IMG/pdf/uid_sc_orders_11.08.2015.pdf>.)] http://profit.ndtv.com/news/tax/article-aadhaar-to-be-made-mandatory-for-filing-returns-pan-applications-1671900 Aadhaar To Be Made Mandatory For Filing Returns, PAN Applications The new rules kick in starting July, Finance Minister Arun Jaitley said. Because they are amendments to the Finance Bill, the government should have no trouble having them cleared in parliament. NDTV News Desk | Last Updated: March 21, 2017 20:01 (IST) HIGHLIGHTS >From July PAN card not linked to Aadhaar will be considered invalid PAN is essential for basic financial transactions like receiving a salary Government is working on linking all bank accounts to Aadhaar numbers ***When you file your income tax return, you will have to include your Aadhaar number, the government has proposed today in parliament. Any application for a Permanent Account Number or PAN, which is a unique ID assigned to each tax payer, will also have to state your Aadhaar or 12-digit unique ID, which is backed by biometrics like finger prints and iris scans stored in a central repository.*** [Emphasis added] The new rules kick in starting July, Finance Minister Arun Jaitley said. Because they are amendments to the Finance Bill, the government should have no trouble having them cleared in parliament. The Finance Bill is a Money Bill, for which the Lok Sabha's clearance is necessary - and the government has a huge majority here. The Rajya Sabha, where the government is in a minority, cannot reject a Money Bill and any recommendations it offers are not binding. ***From July 1 onwards, any PAN card not linked to an Aadhaar identity will be considered invalid. PAN is essential for basic financial transactions like receiving a salary.*** [Emphasis added.] Also Read: Cash Transactions Should Be Capped At 2, Not 3 Lakhs, Says Government Here's how to do that: Head towards an Aadhaar enrolment centre immediately if you don't have an Aadhaar card and planning to file income tax return or want to apply for a PAN card. The government is working on linking all bank accounts to Aadhaar numbers. And from April 1 onwards, Aadhaar IDs will be a pre-requisite for opening an Employee Provident Fund account that helps you collate a pension. The Aadhaar program was introduced by the previous UPA government in 2009. By offering instantaneous checking of a person's credentials, it aims at making it much easier to open a bank account, or for legitimate beneficiaries to receive subsidies in welfare reform schemes. -- Peace Is Doable -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send an email to [email protected]. Visit this group at https://groups.google.com/group/greenyouth. For more options, visit https://groups.google.com/d/optout.
