PAN-Aadhaar Card linkage: Government to cancel PANs not linked after 3-6 months, if SC rules in favour
Last month, the government had told the court, which is hearing petitions against making Aadhaar linking to bank accounts, mobile phone numbers and others mandatory, that it is willing to extend the deadline to March 31, 2018. This year, the government made the quoting of Aadhaar mandatory for filing income tax returns (ITRs) as well as obtaining a new PAN. “The duplicate PAN cards are the ones which are creating a major danger to the economy. They are the ones who are using this duplicate PAN for opening bank accounts and then they are transacting and they are not filing returns. So we need to worry about them,” the official said. Section 139 AA (2) of the Income Tax Act says that every person having PAN as on July 1, 2017 and eligible to obtain Aadhaar, must intimate his Aadhaar number to the tax authorities. The government had in August extended by four months the deadline for linking PAN with Aadhaar till December 31, pending the Supreme Court verdict.