Failing to adhere to Aadhaar linking deadlines may mean cutting off of essential services such as mobile number and bank account.
Not adhering to the government's Aadhaar push may leave many Indians bereft of important daily services such as mobile phone numbers and bank accounts. It is, therefore, important to remember these 4 deadlines for Aadhaar linking.
The CBDT has issued a revised deadline to link Aadhaar with PAN to "to facilitate ease of compliance by the taxpayers". Failure to meet the deadline will render taxpayers unable to file income tax return (ITR).
The government has said that ITRs filed after July 1, 2017 would be accepted only after taxpayers link their PAN with Aadhaar. It later revised the deadline to August 5, before extending it to December 31 citing that PAN and Aadhaar details were not matching in many cases.
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As per the new rules, the government has asked all financial institutions and banks to ensure that all customers are KYC compliant. This means that, to obtain a loan or to make investments, or even to keep a bank account running you will need to verify your Aadhaar with banks before December 31, 2017.
An amendment has been made in the ‘Prevention of Money Laundering Rules’ Act, 2005. If this is not one till 31st December 2017, the account will be suspended till the required documents are submitted.
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The Department of Telecommunications has asked all the telecom operators to re-verify the numbers of prepaid and postpaid mobile users via Aadhaar-based e-KYC. It has also become mandatory to provide Aadhaar details while buying new mobile SIM cards.
Mobile numbers not linked to Aadhaar by February 6, 2018 will be deactivated.
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The government has extended to December 31, 2017, the deadline for providing Aadhaar details for utilise the benefits provided by the social schemes. These schemes include benefits to schemes such as subsidy on LPG cylinders, HRD ministry’s scholarship schemes, availing pensions etc.
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| Four deadlines for Aadhaar linking |
Important Deadlines:
- Aadhaar-PAN linking Deadline December 31, 2017
- Aadhaar-Bank Account Linking Deadline: December 31, 2017
- Aadhaar-Mobile Linking Deadline: February 6, 2018
- Aadhaar-Social Security Schemes Linking Deadline: December 31, 2017
Not adhering to the government's Aadhaar push may leave many Indians bereft of important daily services such as mobile phone numbers and bank accounts. It is, therefore, important to remember these 4 deadlines for Aadhaar linking.
Aadhaar-PAN linking Deadline — December 31, 2017
The CBDT has issued a revised deadline to link Aadhaar with PAN to "to facilitate ease of compliance by the taxpayers". Failure to meet the deadline will render taxpayers unable to file income tax return (ITR).
The government has said that ITRs filed after July 1, 2017 would be accepted only after taxpayers link their PAN with Aadhaar. It later revised the deadline to August 5, before extending it to December 31 citing that PAN and Aadhaar details were not matching in many cases.
Recommended Article: Using UPI for banking? Be wary of crooks who will cheat you out of your money.
Aadhaar-Bank Account Linking Deadline: December 31, 2017
As per the new rules, the government has asked all financial institutions and banks to ensure that all customers are KYC compliant. This means that, to obtain a loan or to make investments, or even to keep a bank account running you will need to verify your Aadhaar with banks before December 31, 2017.
An amendment has been made in the ‘Prevention of Money Laundering Rules’ Act, 2005. If this is not one till 31st December 2017, the account will be suspended till the required documents are submitted.
Recommended Article: List of Android Secret Codes / Secret codes for Android mobile operating system.
Aadhaar-Mobile Linking Deadline: February 6, 2018
The Department of Telecommunications has asked all the telecom operators to re-verify the numbers of prepaid and postpaid mobile users via Aadhaar-based e-KYC. It has also become mandatory to provide Aadhaar details while buying new mobile SIM cards.
Mobile numbers not linked to Aadhaar by February 6, 2018 will be deactivated.
Recommended Article: Best anti-ransomware tools: How can I remove ransomware from my computer?
Aadhaar-Social Security Schemes Linking Deadline: December 31, 2017
The government has extended to December 31, 2017, the deadline for providing Aadhaar details for utilise the benefits provided by the social schemes. These schemes include benefits to schemes such as subsidy on LPG cylinders, HRD ministry’s scholarship schemes, availing pensions etc.
via moneycontrol
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