It has mandatory to link PAN with Aadhaar with effect from July 1, 2017, as per the income tax laws. The government has exempted certain class of individuals from linking these two documents subject to certain conditions.
Section 139AA Income Tax Act
- The newly introduced section 139AA of the Income Tax Act states that every person who has been allotted PAN as on July 1, 2017 and who is eligible to obtain Aadhaar Number shall intimate the same to the tax authorities.
- The PAN of those who fail to do so will become invalid on a date to be notified later by the department.
Not applicable to the following individuals
Individuals are exempted from the purview of section 139AA i.e. exempted from compulsory linking of PAN and Aadhaar, only if they do not possess Aadhaar or Aadhaar Enrolment ID. CBDT has notified that Section 139AA of the Income Tax Act not applicable for
- Those categorised as Non-resident Indians as per the Income Tax Laws
- Not a citizen of India
- Is of age 80 years or more at any time during the tax year
- Residents of the states of Assam, Meghalaya and Jammu and Kashmir
Source : The Hindu
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