The central government took a major decision on Aadhar card on Friday. As per this decision, the Adhar Number will be mandatory for opening a bank account and for financial transactions of Rs. 50,000 or more. With this, all current bank account holders have been asked to deposit the Aadhar numbers till December 31, 2017, if they do not, their accounts will become invalid. According to sources, the government has taken this step with the purpose of restraining black money.

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Just a few days back, the Indian government made the Aadhar card mandatory for getting subsidy on kerosene purchase and taking advantage of the Atal Pension Scheme. The last date for registering for Aadhaar for getting Kerosene subsidy is September 30. On the other hand, the last date for registering for Aadhaar basis for the Atal Pension Scheme is June 15.

Earlier, the Central Board of Direct Taxes (CBDT) had clarified that the Adhar will be required to fill the income tax return from July 1. Apart from this, it will also be needed to get a new pan. The Income Tax Department’s policy-making body issued a statement saying that in the judgment given on behalf of the Supreme Court, only ‘partial relief’ has been given to those people who do not have Aadhar card or registration ID.

 

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