Income Tax Department has clarified that people who are unable to link their Aadhaar and Permanent Account Number(PAN) by July 1 will not face cancellation of their PANs at the same time Taxpayers without Aadhaar number or its enrolment ID will not be able to e-file Tax Returns.
A lot of confusion surrounds Aadhaar-PAN linking after government confirmed Aadhaar mandatory to obtain new PAN from July 1.
E-Filing of ITR is mandatory for all individuals except whose income falls below Rs. 5 lakh per annum and those who are above 80 years of age.
IT department has so far linked over 2.16 crore Aadhaar numbers with its PAN database
Aadhaar is issued by Unique identification Authority of India(UIDAI) to a resident of India, PAN is a ten-digit alphanumeric number allotted by I-T department to a person, firm or entity