Aadhaar Linking: 4 Deadlines That You Can't Afford To Miss

Aadhaar, the 12-digit unique identity number issued by the Unique Identification Authority of India (UIDAI), has to be mandatorily linked to your mobile phones, permanent account number or PAN, mobile phones and is also to be shared with financial institutions and has to be submitted to avail the various social security schemes. There are different deadlines for each of these.

1. Aadhaar PAN Link: Deadline December 31, 2017
The CBDT (Central Board of Direct Taxes) has extended the last date for linking of Aadhaar with PAN "to facilitate ease of compliance by the taxpayers". The new deadline is December 31, 2017, while the former one was August 31, 2017.
Linking Aadhaar-PAN is mandatory for processing of income tax returns (ITRs) for assessment year 2017-18.

2. Aadhaar Mobile Phone Link: Deadline is February, 2017
All mobile phone numbers not linked with Aadhaar will be deactivated after February 2018, according to a report by news agency Indo-Asian News Service (IANS) citing sources.
That means mobile phone service users will have to link their Aadhaar numbers with mobile numbers. Telecom companies had been earlier instructing users to start the process of linking Aadhaar with phone numbers.

3. Aadhaar financial institutions, banks link: December 31, 2017
The government has made it mandatory for all banks and financial institutions to mention the Aadhaar details of clients in the KYC (Know your Customer) document. A KYC document basically provides all the details that authenticate the identity of a user. People who have taken loans are also supposed to file their Aadhaar details. If you fail to link it with your bank account by December 31 this year, it may even become inoperable. 
 
4. Aadhaar Details For To avail Social Security Schemes: December 31, 2017
Your 12-digit Unique Identity Number has to be provided for all social security schemes by December 31, 2017.  In order to avail your pension, LPG cylinders or government scholarships, one must provide his Aadhaar card details.

Source:http://www.msn.com/en-in/money/topstories/aadhaar-linking-4-deadlines-that-you-cant-afford-to-miss/ar-AArSiq7?li=AAggbRN&ocid=iehp

 

Budget session: PM Modi Hopes For Breakthrough on GST.

As the Budget session of Parliament resumed today, Prime Minister Narendra Modi hoped there will be a breakthrough on the Goods and Services Tax (GST) bill and that issues will be discussed in a democratic manner.
“We hope that there will be a breakthrough on the GST because all states have positively cooperated. All political parties have also extended cooperation in a positive way,” he told reporters outside Parliament. How to apply for GST registration

The second leg of the Budget session resumed today after about a month-long recess.
“We are meeting after a break and the budget proposals will be discussed in details,” he said.
Hoping for a healthy debate in the House, the Prime Minister said, “I believe that the level of discussion will go to a higher level. Attention will be drawn towards the issues related to the poor people.” New GST registration

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India's GDP growth seen picking Up to 6.6 PCT But GST Fogs Outlook

India economic process probably accelerated to six.6 p.c within the quarter simply concluded, however analysts polled by Reuters are sounding more and more distressed that confusion over a replacement product and services tax can dampen activity in coming back months.
The forecast, from a survey of over forty economists condemned the past week, compares with growth of 6.1 p.c within the initial 3 months of the year, the slowest pace in 2 years. The vary of forecasts was wide from five.7 p.c to seven.2 percent. company registration in Delhi.
It would leave Asia's third-largest economy behind China, that last reportable growth of half dozen.9 percent; however still among the worlds prime playacting economies.

Prime Minister Narendra Modi's government shocked the country last November by scrapping high-value banknotes, wiping out regarding eighty six p.c of money in circulation, that crimped client demand in a very preponderantly cash-reliant economy.company formation in Delhi.

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