Aadhaar Linking Must For PAN and Filing Income Tax Returns

The Supreme Court declared the Centre’s flagship Aadhaar scheme as Constitutionally valid. The Supreme Court ruled that linking the Aadhaar card to PAN card is mandatory and is needed for filing income tax returns. The apex court, however, said Aadhaar is not mandatory for opening bank accounts and linking with existing accounts. 

The Supreme Court also struck down Section 57 of the Aadhaar Act that allowed private companies to avail Aadhaar data. Calling the section unconstitutional, the court asserted that private companies cannot insist on having Aadhaar number of customers. Aadhaar authentication records cannot be stored beyond six months, striking down the current rule of five years.

Source- News on AIR
Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Chairman, UIDAI- J. Satyanarayana 
  • CEO, UIDAI- Dr. Ajay Bhushan Pandey  
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