Not adhering to the government’s Aadhaar drive may leave many Indians bereft of important daily services like mobile phone numbers and bank account. It is, therefore, important to bear in mind these four deadlines for Aadhaar linking.
The CBDT has issued a revised deadline to link Aadhaar with PAN to “to facilitate ease of compliance with the taxpayers”. Failure to satisfy the deadline will leave taxpayers struggling to file income tax return (ITR).
The government has said that ITRs filed after July 1, 2017 will be approved only after taxpayers link their PAN with Aadhaar. It later revised the deadline to August 5, prior to extending it to December 31 citing that PAN and Aadhaar details weren’t matching in several scenarios.
In accordance with the new rules, the government has requested all of financial institutions and banks to make certain that all customers are KYC compliant. This means that, to obtain financing or to make investments, or perhaps to maintain a financial institution account running you will have to verify your Aadhaar with banks prior to December 31, 2017.
An amendment was created in the ‘Prevention of Money Laundering Rules’ Act, 2005. If this is not one till 31st December 2017, the accounts will be frozen till the required records are submitted.
The Department of Telecommunications has requested all of the telecom operators to re-verify that the quantities of prepaid and postpaid mobile users via Aadhaar-based e-KYC. It has also turned into mandatory to provide Aadhaar details while buying new mobile SIM cards.
Mobile figures not linked to Aadhaar from February 6, 2018 will be deactivated.
The government has expanded to December 31, 2017, the deadline for providing Aadhaar details for utilise the benefits provided by the social strategies. These strategies include benefits to strategies like subsidy on LPG cylinders, HRD ministry’s scholarship strategies, availing pensions etc..