Corona virus ( Coronavirus ) because of income tax returns ( Income Tax Return) CBDT fill the deadline has been extended. The new date for filing ITR is 30 November. Everyone knows that it is beneficial to fill Timely Income Tax Return (ITR), but very few people know that income tax returns can be filed even without PAN card. If there is no PAN card, taxpayers can file ITR from Aadhaar. Taxpayers will get double benefit on filing ITR from Aadhaar
What will be the benefit- Actually, if you file income tax return through Aadhaar, then the Income Tax Department itself will allot you a PAN card. Along with this, you will also be saved from the hassle of linking Aadhaar-Pan link.
our details will reach the Income Tax Department
On filing ITR from Aadhaar, your details will reach the Income Tax Department. According to CBDT, in such cases one can think of the possibility of allotting PAN to the person submitting the income tax return. If no one has a PAN card, then they will not be affected by the process of filling the ITR. The Assessing Officer will match the details and allot the PAN to the taxpayer. According to the CBDT, the officer will have the right to issue a PAN and also link the two.
Not having PAN CARD ISSUE, you have to pay more TDS – if you do not have PAN. So TDS (Tax deduction at Source) is deducted at the rate of 20 percent on your income. Now, on filing the income tax with Aadhaar card, your deposit PAN (Permanent Account Number) has become important now. Now this is not only a proof of identity but is also necessary for your financial records including tax liabilities.
