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 remember 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 were not matching in several scenarios.
Aadhaar-Bank Account Linking Deadline: December 31, 2017
In accordance with 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 financing or to make investments, or perhaps to keep a financial institution account running you will need to verify your Aadhaar with banks before 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 account will be suspended till the required documents are submitted.
The Department of Telecommunications has requested all the telecom operators to re-verify that the quantities 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 figures not linked to Aadhaar by February 6, 2018 will be deactivated.
Aadhaar-Social Security Schemes Linking Deadline: December 31, 2017
The government has expanded to December 31, 2017, the deadline for providing Aadhaar details for utilise the benefits provided by the social schemes. These strategies include benefits to strategies like subsidy on LPG cylinders, HRD ministry’s scholarship schemes, availing pensions etc..