Manda­tory to link Aad­haar & PAN

India Business Journal - - NEWS ROUND-UP -

The Supreme Court (SC) last month up­held the va­lid­ity of an In­come Tax law amend­ment, link­ing PAN with Aad­haar for fil­ing tax re­turns. How­ever, the court is­sued a par­tial stay on one of the clauses of the law, man­dat­ing in­val­i­da­tion of PAN if as­sesses failed to ob­tain Aad­haar by July 1 and link it with PAN. In essence, the court's verdict means that all those who have Aad­haar as on July 1 will have to link it with PAN and file their re­turns. How­ever, it has pro­vided re­lief to those who do not have Aad­haar to con­tinue to file re­turns with their PAN.

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