Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

CBDT further extends due date for linking of Aadhaar with PAN till December 31, 2019

Notification 75/2019, dated 28-09-2019
Section 139AA of the Income-tax Act, 1961, requires every person who is eligible to obtain Aadhaar to quote his Aadhaar number in the return of income with effect from July 1, 2017. If any person does not possess the Aadhaar Number but he had applied for the Aadhaar card then he can quote Enrolment ID of Aadhaar application Form in the ITR. Section further provides for linking of Aadhaar number with PAN and if a person fails to link the Aadhaar number, the PAN allotted to them shall be deemed to be inoperative. The cut-off date for linking Aadhaar with PAN was extended multiple times considering the difficulties faced by the taxpayers. The deadline to link PAN with Aadhaar is September 30, 2019 as per the last notification issued by the Central Board of Direct Taxes (CBDT) on March 31, 2019.

Now, the board has further extended the last date for linking of Aadhaar with PAN from September 30, 2019 to December 31, 2019.

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