Friday, October 13, 2017

Aadhaar linking deadlines – DO NOT MISS!!

There are certain deadlines that you should not miss related to your Aadhaar (most important document in India nowJ). Below is the list of various deadlines set by the government.

Income Tax Returns – Government has made it mandatory to link all the PAN cards with the Aadhaar number by December 31, 2017. Individuals must link their PAN with Aadhaar by this date in order for their returns to be processed. This deadline is only for those individuals who are filing their income tax returns this year. If you are not required to file your ITR i.e. your gross income is less than the exemption limit of Rs. 2.5 lakh, then the last date to link your PAN with your Aadhaar is yet to be informed.

Financial Institutions – Government has asked banks, financial institutions to ensure all customers are KYC compliant i.e. submitting your Aadhaar and PAN card details before 31 December, 2017. If this is not done, then his/her account will become inoperable till the time the required details are submitted.

Mobile Phone Connections – We also have to now link our mobile numbers with Aadhaar by February, 2018. Failure to link your mobile number within the deadline will lead to deactivation of your mobile connection. To do this linkage, one has to personally visit their respective mobile operator and do the KYC verification.

Social Security Schemes – Government has made it mandatory to provide the Aadhaar details in order to avail the benefits of the social schemes by December 31, 2017. The various benefits are – availing subsidy on LPG cylinders, availing pensions, and more.

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