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Tuesday, 11 July 2017

Who All Can Avoid Linking Their Aadhaar Card and PAN Card

Recently the union government made it mandatory for taxpayers to link their Aadhaar with PAN amending from July 1. And those who will fail to link their 12-digit unique identification Aadhaar number with their permanent account number would not be able to file their tax returns. But there are certain classes of people who are exempted from this linking. 

People exempted from linking their Aadhaar and PAN card are
 Section 139AA of  income tax act exempt following people from compulsory linking of Aadhaar card and pan card. 
a) Non-residents of India as per income tax act, 1961.
b) People above 80 years or more at any time during the tax year are exempted from linking their      Aadhaar with pan card. 
c) People who are not a citizen of India. 
d) People residing in the states of Assam, Meghalaya and Jammu and Kashmir.

These people are exempted from linking their Aadhaar and pan card only if; they don’t have Aadhaar enrollment number. People who obtain Aadhaar card and will be allotted PAN card after July 1st, 2017 need to link up their Aadhaar card with pan. Those who will fail to link their both the cards will end up making their pan card invalid. 
The main objective of government is to eliminate the tax evasion. Certain People hold multiple pan cards or fake pan cards to eliminate their tax, with this step by government of linking the Aadhaar with the pan card will lead to curb the tax evasion. There are approximately 25 crore pan card holders in India and 112 crore Aadhaar card holders. As of now 2.07 crore tax payers have already linked their Aadhaar with their pan card. 

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