CBDT forms internal committee to oversee comprehensive review of I-T Act
This is in pursuance of the announcement in the Union Budget 2024-25 by Union Finance Minister Nirmala Sitharaman.
Over 13.28 crore Permanent Account Numbers (PANs) have been linked with the Aadhaar till now, official sources on Monday said.
With this, 39.5 per cent of PANs is now linked with Aadhaar numbers.
There are about 33 crore PAN cards, while Aadhaar has been issued to about 115 crore people.
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The government had made the PAN-Aadhaar linking mandatory for filing ITR (Income Tax Return) and obtaining a new Permanent Account Number (PAN) from July 1.
The Supreme Court had in June upheld the validity of an Income Tax Act provision making Aadhaar mandatory for allotment of PAN cards and ITR filing but had put a partial stay on its implementation till a Constitution bench addressed the issue of the right to privacy.
The CBDT had in June this year said the apex court’s order had only given a “partial relief” to those who did not have an Aadhaar or an Aadhaar enrolment ID, and the taxman, hence, “will not cancel” the PAN of such individuals.
While Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to a resident of India, PAN is a 10-digit alphanumeric number allotted by the I-T department to a person, firm or entity.
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