New Delhi, April 5 (IANS) Quoting of Aadhaar has been made mandatory for filing income tax returns with effect from July 1, as introduced by the Finance Act, 2017, an official statement said on Wednesday.
Aadhaar will also be compulsory for making an application for allotment of Permanent Account Number (PAN), with effect from July 1.
"Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhaar /Enrolment ID of Aadhaar application form, for filing of return of income and for making an application for allotment of Permanent Account Number with effect from July 1," said a Finance Ministry statement.
Mandatory quoting of Aadhaar or Enrolment ID will apply only to a person who is eligible to obtain Aadhaar number, the statement said.
As per the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016, only a resident individual is entitled to obtain Aadhaar. Resident as per the said Act means an individual who has resided in India for a period or periods amounting in all to 182 days or more in the 12 months immediately preceding the date of application for enrolment.
Accordingly, the requirement to quote Aadhaar as per section 139AA of the Income-tax Act shall not apply to an individual who is not a resident as per the Aadhaar Act, 2016, it said.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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