Employee’s Provident Fund Organisation has made a big decision
about Provident Fund.
According to the source information, the new rule will come into
effect from June 1, 2021.
Additionally, the employers have given the responsibility to
make your account Aadhaar verified.
In case, if they failed to do so then it might lead to the
stoppage of employer contribution credited to your account. Thus, it is vital
to link your PF account with Aadhaar in time.
Along with this, UAN should also be
Aadhaar verified.
Let’s See
what New Order Says
Under
section 142 of the Social Security Code 2020, EPFO said to the employers that
after June 1, the accounts which are not linked with UAN or Aadhaar or not
Aadhaar verified, then it’s Electronic Challan cum Return (ECR) will not be
filled.
In this situation, the employer’s contribution to the PF account holders
might be stopped.
How to
Link PF With Aadhaar?
Linking PF with aadhaar is very simple. You are simply needed to
go with the two easy steps discussed below.
Step 1: Go to the official EPFO website (www.epfindia.gov.in) and log
in.
Step 2: Click on Online Services
Step 3: Then visit the e-KYC Portal and then link UAN Aadhar
What about applicability to Foreign Citizens working in India?
Following is worth noting.
Section
139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017
provides for mandatory quoting of Aadhaar/Enrollment ID of Aadhaar application
form, for filing of Income Tax Return (ITR) and for making an application for
allotment of Permanent Account Number (PAN) with effect from July 1, 2017.
It is clarified that such mandatory quoting of Aadhaar or
Enrollment ID shall apply only to a person who is eligible to obtain Aadhaar
number. Further, as per the Aadhaar (Targeted Delivery of Financial and Other
Subsidies, Benefits and Services) Act, 2016, only a resident individual is
entitled to obtain Aadhaar and Resident as per the said Act means an individual
who has resided in India for a period or periods amounting in all to 182 days
or more in the 12 months immediately preceding the date of application for
enrollment.
However, Sub-section (3) of the said section provided the power
to the government to notify such person or class or classes of persons to whom
this section will not apply. This means that, the government reserves the right
to exempt certain persons or certain class or classes of persons from the
requirement of quoting the Aadhaar number in the return of income.
The above mentioned power has been exercised by the Government
and it had notified through Notification No. 37/2017 that the provisions of
section 139AA SHALL NOT APPLY to an Individual who does not possess the Aadhaar
number or the Enrolment ID, who is:
- residing
in the States of Assam, Jammu and Kashmir and Meghalaya;
- a
non-resident as per the Income-tax Act, 1961;
- of
the age of eighty years or more at any time during the previous year;
- not
a citizen of India.
From the section 139AA, it is inferred that if a
person who is eligible for obtaining Aadhaar, has to obtain it and use it for
the purpose of filing of Income Tax Return / applying new PAN. This
notification has carved out exceptions for the above, therefore only individuals
except the notified persons would be required to obtain Aadhaar for filing
Income Tax Return / applying new PAN. This notification shall come into force
with effect from the 1st day of July, 2017.
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