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Tax payers to link Aadhaar to PAN in filing returns from July 1: CBDT



New Delhi, June 10 : All tax payers who have been allotted Permanent Account Number (PAN) should intimate their Aadhaar number to the income tax authorities for the purpose of linking both the numbers, the Central Board of Direct Taxes (CBDT) said on Saturday, a day after the Supreme Court upheld the law in this regard.

However, those who do not have Aadhaar and who do not wish to obtain it for the time being, their PAN will not be cancelled, said a press release from the (CBDT).

“Everyone who has been allotted permanent account number as on the 1st day of July, 2017, and who has Aadhaar number or is eligible to obtain Aadhaar number, shall intimate his Aadhaar number to income tax authorities for the purpose of linking PAN with Aadhaar,” the release said.

It also said from July 1, 2017 onwards every person eligible to obtain Aadhaar must quote their Aadhaar number or their Aadhaar enrolment ID number for filing of income tax returns as well as for applications for PAN.

However, for non-compliance of this provision, it said only a partial relief by the court has been given to those who do not have Aadhaar and who do not wish to obtain Aadhaar for the time being, that their PAN will not be cancelled so that other consequences under the Income Tax Act for failing to quote PAN may not arise.

The release by Meenakshi J.Goswami, Income Tax Commissioner and the official spokesperson of the CBDT, referred to the “landmark” judgement on Friday in which it has upheld section 139 AA of the Income Tax Act as constitutionally valid which required quoting of the Aadhaar number in applying for PAN as well as for filing of IT returns.

Giving operative portions of the judgement, the release said the court also held that Parliament was fully competent to enact section 139 AA of the Act and its authority to make this law was not diluted by the orders of the court.

Therefore, no violation of the earlier Supreme Court orders were found in enacting the provision, the release said.



J&K: Two militants killed in Anantnag gunfight




Srinagar, March 24: Two terrorists were killed on Saturday in an encounter with the security forces in Jammu and Kashmir’s Anantnag district, police said.

“Security personnel from the Rashtriya Rifles, Central Reserve Police Force and the Special Operations Group (SOG) of the state police surrounded Shistargam village on Friday evening following information about a group of holed-up militants.

“As the cordon was tightened, the militants fired at the security forces triggering the gunfight,” police sources said.

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Fear that AI will take up both skilled & unskilled jobs: Rajan

We have to make sure Indian capital is available because often it is closest to the ground and understands the financing better




Kochi, Mar 23 : Former RBI Governor Raghuram Rajan today expressed fears that Artificial Intelligence would take up jobs–both high skilled and unskilled.

With advances in Machine Learning,Artificial Intelligence and Robotics, this was going to change still further, as they take up the jobs,ranging from those in unskilled sweatshops to high-skilled professions like medicine, the former RBI Governor said.

“What jobs will humans be able to do in 10-15 years that are immune from threat?Jobs that require high intelligence and creativity; jobs that require human empathy and jobs where human working for us bolster our status in some way,” he said, delivering the keynote address outlining his vision for India at #FUTURE Global Digital Summit, organised by the Kerala government.

He, however, India has to embrace technology and become a leader in the digital transformation taking place around the globe without being bogged down by unfounded fears of job losses, incomes or machines replacing humans.

Among the biggest obstacles to technology adoption were fears of man being replaced by machines a fear that has existed since the industrial revolution,but never materialised. “Two hundred years since the industrial revolution, jobs are still around. People and society adapt to do the things that machines cannot do,” he said.

“With technology, across every job there is going to be a restructuring, taking away the routine aspects and leaving the creative and customised aspects of that job,” he said.

Currently Professor, Finance at University of Chicago, Booth School of Business, Rajan said that in every industrial country, more jobs have disappeared in routine skilled and non routine unskilled jobs, which has partly led to the anxieties.

The former RBI Governor said another aspect of the fear was where the incomes would come from; the answer to which was an assured Universal Basic Income.

In the Indian context, he said “we have a huge hunger for capabilities at every level. If we can create incomes at some level, the aspirations of people will ensure their children move up in life and get the opportunities that they did not.”

In terms of business opportunities, the government needs to do far more for start-ups to flourish in India by creating easy paths to incorporation and funding, he said.

Rajan said that one of the big lacunae in India was risk financing and so start-ups go elsewhere because they need risk financing, which was not available in the country.

“We have to make sure Indian capital is available because often it is closest to the ground and understands the financing better,” Rajan said.

“We have to make sure that the companies of our future are incorporated in India, get Indian financing and expand significantly. We cannot miss out on the AI and Robotics revolution,” he said.

Another significant area where India effectively needs a revolution is education and skill building, Rajan said.

“We need to remedy weaknesses in education at every stage, build more world-class institutions domestically and bring the talent back from abroad,” Rajan said.

“We are not as global as we should be even now. Too many of our people are too poorly educated or skilled to compete in a globalised tech-enabled economy,” Rajan noted.

“If we don’t do that we will end up with a two-tier economy of a few “haves” and a vast population of “have-nots”, which is neither socially stable nor desirable,”he said.

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Sonia Gandhi rushed back to Delhi, better now




March 23:  Senior Congress leader Sonia Gandhi, who was rushed to New Delhi from Shimla on Friday due to her ill health, is better now, said sources close to 10, Janpath.

Gandhi was in Shimla along with her daughter Priyanka Vadra, officials said.

She was initially taken to Chandigarh on Thursday night and from there the Congress leader was taken to New Delhi on a special aircraft.

“Since she (Sonia Gandhi) refused to get examined at Indira Gandhi Medical College (in Shimla) and insisted on reaching Chandigarh, she was taken to Chandigarh late in night and from there she was taken to New Delhi,” an official told IANS.

Gandhi and her daughter were staying at the Wildflower Hall, an Oberoi Group luxury resort.

Indira Gandhi Medical College and Hospital’s Medical Superintendent Ramesh Chand accompanied the Congress leader from Shimla to Chandigarh.

“Her condition was stable,” Chand told IANS.

Sonia Gandhi and her family arrived in Shimla on Wednesday and visited Charabra where Priyanka Vadra’s cottage is being constructed.


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