The time limit for linking PAN card to Aadhaar card is near 31 March. However, there are no more than 50% PAN card links. Central Board of Direct Taxes chairman Sushil Chandra has said that the Income Tax Department has so far received 42 crores PAN numbers. Only 23 million of them have linked Pan Card with support. That means, an estimated 21 million people can get PAN cards canceled without linking them.
Why is it necessary to connect a PAN card with support?
Earlier, when the Supreme Court heard it on the basis that it was compulsory to link support to Pan card while recruiting income tax return. The Supreme Court fixed 31 March for the date of linking the PAN card with the support. Chandra said in a note that connecting the PAN card with support will know how many Pan Card Duplicate is there. The PAN card can be canceled if the page is not linked to the base. He said that when the support link is linked to PAN card and the PAN card is attached to the bank account, then the income tax department can easily get the nominee's name and other information easily. Many other schemes will also be linked to the support, whether it is available to people with the benefit of Social Welfare Scheme.
Chandra said that in the country of 125 crore people and 7.5% economic growth rate, only one and a half lakh IT returns are shown more than one crore rupees. Chandra said that it is very unfortunate that every country, including GDP, spending, consumption, is increasing. All the five star hotels are packed. Even though you ask someone how many people give IT returns in excess of one crore rupees? This is a very sad situation.