Mandatory to link Aadhaar & PAN
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.