Now it is mandatory to mention Aadhar
Number on Income Tax return for Asst Year 2017-18. The linking of aadhar with PAN on the Income Tax E – Filing Website
is mandatory for all PAN holders before
30.06.2017. From 01.07.2017 all PANs without linked aadhar number of the
assessee or Aadhar number of Authorised person ( in case of Corporate, AOP,
HUFs and others) will be deactivated.
Here is the procedure to link aadhar
with PAN and to solve error or mismatch messages received while linking of the
both i.e PAN and Aadhar.
Mandatory to quote Aadhar In Income Tax Returns:
Applicability: W.e.f. 1st July, 2017 , it is mandatory to quote
valid Aadhar No. in Income Tax Return filed by a person. Further, Aadhar must be linked with PAN of the assessee. This provision is introduced
by Govt. to put a check on persons evading
taxes by obtaining multiple PAN.
However, If
a valid Aadhar no. is linked with PAN of assessee then quoting Aadhar in ITR is
not mandatory.
Further, Aadhar no. must also be quoted on
application for PAN by a person.
This provision in Finance Act 2017-18
requires that every person holding a valid PAN & who is eligible to obtain
Adhaar must obtain & quote the same in his/her Income Tax returns.
Thus, Aadhar no. of a person must be linked
with the PAN of the assessee otherwise following consequences shall follow:
a)
The person
shall not be able to file his/her Income Tax Return.
b)
The person
shall be deducted TDS @ 20% since the PAN shall be invalid unless it is linked
with Aadhar.
Further Finance Bill 2017-18 has introduced
provisions that provide for levy of
Penalty for late filing of return for an amount of INR 5,000 if return is filed
after due date but before 31st December
of the relevant Asst. Year.
Information Required for linking
Aadhar with PAN.
Only a Valid 12 digit Aadhar no. is required
for linking Aadhar with PAN.
Procedure for linking Aadhar with PAN.
Step 1:
Log in to Income Tax E-filing portal of Income Tax Dept by entering the Log In
ID, Password & Date of Birth.
Step 2:
Pop Up Window for linking Aadhar with PAN: On logging in to the site, a pop up window will appear,
prompting you to link your PAN card with Aadhar Card.
Step 3:
Verification of details registered with the dept.: Verify the details mentioned
on screen with the ones mentioned on your Aadhar Card.
Step 4:
If details match, enter your Aadhar Card no. & click on the "link
now" button. Thereafter, a pop up message will inform you that your Aadhar
card has been successfully linked to your
PAN Card.
Step 5:
Checking status of Aadhar linking with PAN,
log in to E-filing website, go to Profile Settings > Click on ‘Link Aadhaar’
to view Aadhaar linking status of Karta/Principal contact Person.
Whose Aadhar is to be linked in case
of Corporate/Partnership or HUF assessee?
Aadhar of Karta in case of HUF &
principle officer in case of company/HUF
shall be linked as only they are the competent persons to verify returns/
statements under Income Tax Act,1961.
No delinking of Aadhar no. with PAN in
E-Filing website.
Once a valid Aadhar is linked with E-filing
website, there is no option to delink Aadhar with E-filing website.
Rooting out the problem of multiple
PAN Cards to stop tax evasion
Problem: Various entities apply for more than one PAN
cards which enables them to use one of the PAN for paying taxes on a certain
set of financial transactions & pay taxes applicable for those. However,
other cards can be used for concealing other financial transactions on which
entity wants to avoid tax.
Government's View Point: Linking of Aadhar with PAN will enable the
government to link identity of an individual with the PAN since Aadhar contains
the Biometric details of an individual, thereby providing the details of all
the transactions made via PAN linked with Aadhar. Further, Government will get
to know whether , more than one PAN have
been obtained by a person & take corrective action against the same.
E
verification of Return & No need to send ITR-V to Bangalore: Assesses who have linked their Aadhar with
Pan will no longer be required to send their ITR acknowledgement to IT dept
Bangalore as they can E-verify the return
using Aadhar provided their mobile no. is registered with Aadhar.
Procedure to be followed & options
available for E-Verification of return.
For the purpose of verification through EVC,
one has to first generate EVC. EVC can be generated by using any of the
following options as per their respective eligibility criteria.
However, these options are available only
when :
a.
Taxable
income of taxpayer is less than 5 lakhs and
b.
Refund/
Demand is less than or equal to INR 100 and
c.
Mobile no.
& E-Mail ID is unique in E-filing Portal.
Generation of EVC Through Net Banking.
|
S. No.
|
Options to Generate EVC
|
|
1
|
Through Net Banking
|
|
2
|
Through Bank Account Number – Few banks
only
|
|
3
|
Through DEMAT Account No.
|
I. EVC Through Net Banking
PROCESS:
a. Click on
"EVC-Through Net Banking".
b. Log into E-filing
through Net Banking.
c. Click on the link
E-Verify the Return that has been uploaded.
d. Thereafter your
return will be verified & no further action will be needed.
II. EVC Through Bank Account No.
PROCESS:
1. This option can be used only if your bank
account no. has been prevalidated. To prevalidate your Bank Account, go to
Profile Settings Menu-> Select " Pre Validate your Bank Account".
2. A dialogue box appears. Enter Bank name,
Bank Account No., IFSC Code, Mobile No, E-mail ID etc & click on
prevalidate.
3. A dialogue box appears whether you want to
generate EVC. Select Yes & EVC shall be generated.
4. EVC so generated shall be sent to mobile
no. registered with Bank.
5. Enter the EVC for E-verification of return
3.EVC Through DEMAT Account no.
III. EVC Through DEMAT follows similar
procedure as in case of Bank Account.
Banks providing the EVC Facility.
Currently, only 10
Banks are providing the facility of EVC generation.
These 10 Banks are:
1. Punjab National Bank
2. State Bank of India
3. Union Bank of India
4. Andhra Bank
5.Kotak Mahindra Bank
6. Saraswat Bank
7. Canara Bank
8. HDFC Bank
9. ICICI Bank
10. Syndicate Bank
EVC shall be generated only when details as registered with Income Tax
E-Filing Portal are confirmed by Bank.
Benefits of E-verification of return through
linking Aadhar of authorized person in case of Corporate /HUF assesses.
·
First, the Principle contact details of the
HUF/Non-Corporate will have to be updated with the correct signatory PAN on
E-Filing website by following the steps
given below:
·
Login with HUF/Non-Corporate login
credentials. Click on ‘Profile Settings’ > My Profile> Update Principle
Contact> enter the new Principle Contact PAN and contact details.
·
To e-verify the HUF/Non-corporate returns,
the PAN of the Karta/Principle contact has to be linked to their Aadhaar in the
individual capacity.
Error Messages encountered during
linking of Aadhar with PAN.
1. Please enter a valid Aadhar no.: This could
be on account of an invalid Aadhaar number. You may please contact UIDAI
Helpdesk 1800-300-1947 for updating AADHAAR CARD database & related
queries.
2. Name, Date of Birth, Gender in PAN database
does not match with Aadhar Database: This error
occurs when information regarding Name, DOB, Gender or PAN registered with
Income Tax dept does not match with information
registered in Aadhar database.
·
To update Aadhaar
details, please contact 1800-300-1947 or 1800-180-1947 or visit UIDAI
at "https://ssup.uidai.gov.in/web/guest/update"
&
·
To update PAN
details, you are requested to contact NSDL at 020-27218080 or visit https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html
2(a) Procedure to Update inforamation other than mobile no.
registered in Aadhar :
After logging in
the Aadhar website, one has to enter his/her Aadhar no., then a OTP shall be
sent to the person on his registered mobile no. After entering the OTP in the
required field, the person will be able to update his Adhaar details such as
Name, Gender, DOB, Address & E-mail etc.
After the details
has been successfully update in Aadhar, one can easily link his/her PAN with Aadhar
easily.
2(b) Personal visit to UIDAI Centres for
updation to a person's Mobile No.
ü
NO, Mobile no. of
an individual cannot be updated ONLINE as almost all online transactions are authenticated with an OTP sent to
registered mobile no.
ü If a person does
not possess the mobile number as registered in Aadhar Database or there is any change in Mobile number then
the person concerned has to visit the
UIDAI updation Centre personally &
get the same updated by filling a 1 page form.
ü The
personnel at these updation centres may ask you INR 100. However, these
charges are not mandatory to pay. This amount is charged for providing you a
plastic Aadhar Card. You may opt for a paper Aadhar without lamination &
save on INR 100.
Enquiry regarding Aadhar
updation can be made on Phone number 18003001947 & E-Mail : help@uidai.gov.in
2(c) Status of Aadhar Updation Request:
Once the changes
as desired by you have been processed, you will receive a message on your
registered mobile no. stating that your request have been processed
successfully.
Or you can check
the status of your request by entering the update request no. in Aadhar
website.
Contributed by Tanveer Alam at Sandeep Ahuja & Co
