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SC to pronounce Aadhar card requirements for ITR
June 09, 2017
The Supreme Court will today pronounce its order on mandatory requirements of Aadhar card for Income Tax Return at 2 p.m.
The
Income Tax Department has stepped up its efforts to encourage people to
link their Permanent Account Number with Aadhaar.
In the
recent days, while many taxpayers have received emails on how to do the
PAN-Aadhaar linking online, advertisements in leading national dailies
have described how it can be done via SMS.
Urging the taxpayers
to link Aadhaar with PAN as soon as possible, an email from the Income
Tax Department's e-filing team reads: "This (linking of Aadhaar and PAN)
will be useful for E-Verification of Income Tax returns using Aadhaar
OTP (One-Time Password)."
The government had earlier decided to
lower the limit on cash transactionfrom Rs. 3 lakh to Rs. 2 lakh, and
make Aadhaar number mandatory for filing income tax returns and applying
for a PAN card.
The decisions were part of amendments moved to the finance bill, which puts into effect the Budget proposals.
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