Saturday, June 30, 2018

How to Register Mobile with Aadhaar

STEP 1: Login with Aadhaar, STEP 2: Address Update Request STEP 3: Upload Documents and STEP 4: Select BPO Service Provider and submit request.

Note that Update here refers to any changes as well as corrections, if required, in resident´s original Aadhaar letter.

Aadhaar Self Service Update Portal Click here

16 digit Aadhaar virtual No for KYC from 01.07.2018

The Unique Identification Authority of India’s (UIDAI)’s virtual ID system will kick in from Sunday, allowing you to generate a 16-digit number that can be shared with telecom companies and several other service providers in case you do not wish to disclose your Aadhaar number for completing electronic know-your-customer (eKYC) formalities.

This is the first stage with the new tool, meant to protect your privacy, to be fully operational after August 31 when banks and other service providers will also have to roll out the VID facility.

Once a consumer shares his or her VID, the service provider will receive a UID token instead of the Aadhaar number. which was the case earlier. In addition, the government agency has also mandated sharing of limited details with all service providers. While the so-called global authentication user agencies (AUA) like banks or the income tax department (for issuing PAN) will receive all the details, telecom companies or e-wallet providers will only get access to a part of the details captured on Aadhaar, like name and address, or even the photograph. Read Aadhaar card Virtual ID : FAQ’s

For Aadhaar VID Generation; Click here

Aadhaar Self Service Update Portal

FAQ on Updation

What fields can I update through Self Service Update Portal (SSUP)?

Using the online SSUP portal (https://ssup.uidai.gov.in/web/guest/ssup-home) Name,
gender, DoB, address, mobile number and email can be updated.

Can I request to update fields by sending request through Post?
Yes, you can submit request for Name, gender, DoB, address and email update through
Post mode.

Where can I send the update request by post
You can send the update requests by India post to one of the following addresses:
Address 1:
UIDAI
Post Box No. 10, Chhindwara,
Madhya Pradesh – 480001, India

Address2:
UIDAI
Post Box No. 99, Banjara Hills,
Hyderabad – 500034, India

My mobile number is not registered in Aadhaar, how can I get my mobile number
updated in Aadhaar
You need to visit the nearest enrollment centre to update your mobile number. No additional
documents are required.

How can I know if my update request has been processed

Once the updates have been processed, you will receive an SMS saying that your update
has been processed successfully. You can check the update status from
https://ssup.uidai.gov.in/web/guest/check-status by providing your update details.

Do I also need to give update request in local language
For demographic update through online SSUP portal, you need to provide the requested
update data in English as well as local language in which Aadhaar is generated. For update
through postal mode, the update data in the correction form needs to be provided in English
as well as local language used in Aadhaar.

Can I update if I have wrongly entered demographic details at the time of online update

While using the online SSUP portal for update, you are requested to review the data before
completing the online request.

Do I get the updated Aadhaar letter
Updated Aadhaar letter is sent to you if you have requested for update of Name, Address,
Date of Birth and Gender.

What do I do in case I do not receive my updated Aadhaar letter
While you may await receipt of updated Aadhaar letter, you are requested to visit the
https://ift.tt/19Jtw5g to download e-Aadhaar by providing your respective EID/UID.

How do I get the address of my child updated in Aadhaar
Address of the child can be updated by visiting the nearest enrollment centre with the parent
whose Aadhaar is linked to the child. The supporting documents that needs to be provided
are parent’s POA, proof of relationship and biometric authentication of linked parent. The
documents can be found at https://ssup.uidai.gov.in/web/guest/ssup-instructions

How can I get my name or address updated if I do not have any of the support POI/POA provided in the list
UIDAI has provided 23 POI and 34 POA list of valid documents
(https://ssup.uidai.gov.in/web/guest/ssup-instructions) which also includes Certificate of
Address having photo issued by MP or MLA or Gazetted Officer or Tehsildar on letterhead
as acceptable proof of address

How do I get my email and mobile updated
If your mobile number is registered in Aadhaar, you can update your mobile and email
through online SSUP portal otherwise you need to visit the nearest enrollement centre to
update your mobile and email

Can I get the information in my Aadhaar letter corrected using Update process?
Yes, Update modes can be used for corrections as well as changes in information.

I have lost my mobile number/ do not possess the number that I enrolled with in
Aadhaar. How should I submit my Update request?
In case you have lost/do not possess anymore the mobile that you have declared at the time
of enrolment, you will have to visit the nearest Update Centre to personally update the
information.

What are the valid documents for submission of Update request through Portal /Post?
Depending on the field to be updated through postal mode, attach self-attested supporting
documents as per the Valid Documents List(https://ssup.uidai.gov.in/web/guest/ssupinstructions
).
– Name Correction/Update – Requires PoI listed in “Supported Proof of Identity(PoI)
Documents Containing Name and Photo for Name Corrections/Update”
– Date of Birth Correction – Requires DoB listed in “Supported Proof of Date of Birth
(DoB) Documents”
Address Corrections/Change – Requires PoA listed in “Supported Proof of Address
(PoA) Documents Containing Name and Address”
– Email and Mobile – No supporting documents are required

Depending on the field to be updated through online SSUP mode, attach original scan
copies of the supporting documents as per the Valid Documents
List(https://ssup.uidai.gov.in/web/guest/ssup-instructions )
– Name Correction/Update – Requires PoI listed in “Supported Proof of Identity(PoI)
Documents Containing Name and Photo for Name Corrections/Update”
– Date of Birth Correction – Requires DoB listed in “Supported Proof of Date of Birth
(DoB) Documents”
Address Corrections/Change – Requires PoA listed in “Supported Proof of Address
(PoA) Documents Containing Name and Address”
– Email and Mobile – No supporting documents are required

Is it mandatory to provide Mobile number details when submitting Update Request
through Post/online portal?
Yes, it is mandatory to provide mobile number as it may be used for Verification by calling
the Applicant. Status of application will be intimated to the resident by sending a SMS on this
mobile number. Applications without mobile number and Aadhaar for update through post
will be rejected.

Is affidavit accepted as a PoI?
No it is not accepted. Refer list of valid documents for acceptable PoI/PoA
(https://ift.tt/16jkYSj ).
Is a certificate from local MP/MLA/local body official accepted as a proof document?
Certificate of Address having photo issued by MP or MLA or Gazetted Officer or Tehsildar on
letterhead is acceptable as a Proof of Address.

Explain why my Update request was rejected?
The update request can be rejected due to one of the following reasons;
– Wrong PoA/PoI document uploaded
– PoA/PoI document is not self-attested
– Transliteration error
– Supporting documents not self attested by the resident
– Document uploaded through online SSUP portal are not found to be scanned copies
of original documents
– Mobile and Aadhaar shared in the form is incorrect
– Supporting documents are not in the name of the resident

Is it mandatory to provide C/o Details in Address?
No, it is not mandatory to provide c/o details with address. C/o details in address is used for
letter delivery purposes and is a part of address.
My Aadhaar is suspended and has been asked to update. How do I know, what to
update and how”
If an Aadhaar is suspended, the normal mode of update is through a physical visit by the
resident to the enrollment centers. You will need to do the required update as informed to
you in the communication sent by UIDAI.

My relative has died and I want to update their death in the Aadhaar system, what
should I do?
Currently UIDAI does not have a provision of recording of the death of a person as it is a
means of providing for identification of a living person. Hence, there is no need to inform
UIDAI in such cases.

Check Aadhaar Status

Note to Aadhaar Status :

You have enroled. You can now check if your Aadhaar is generated.
You will require EID (Enrolment ID) to check your Aadhaar Status.

Enrolment ID (EID)
The top of your acknowledgement slip contains 14 digit enrolment number (1234/12345/12345) and the 14 digit date and time (dd/mm/yyyy hh:mm:ss) of enrolment. These 28 digits together form your Enrolment ID (EID).
In case you have lost your EID, you can Retrieve Lost EID/UID. For this you will require your registered mobile number which you had declared at the time of your Enrolment.

Check if Aadhaar is Generated Click here

Aadhaar card Virtual ID : FAQ’s

What is Virtual ID (VID)?

VID is a temporary, revocable 16-digit random number mapped with the Aadhaar number. VID can be used in lieu of Aadhaar number whenever authentication or e-KYC services are performed. Authentication may be performed using VID in a manner similar to using Aadhaar number. It is not possible to derive Aadhaar number from VID.

How does a resident obtain VID?

VID can be generated only by the Aadhaar number holder. They can also replace (generate a new VID) their VID from time to time after UIDAI set minimum validity period (currently set as 1 day, i.e. a new VID be generated after 00:00 hrs on the next day) . At any given time only one VID will be valid for an Aadhaar number. UIDAI will provide various options to Aadhaar number holders to generate their VID, retrieve their VID in case they forget, and replace their VID with a new number. These options will be made available via UIDAI’s resident portal, eAadhaar download, Aadhaar Enrolment centre, mAadhaar mobile application etc. Presently, VID generation facility is available on UIDAI’s resident portal. Whenever required, VID will be sent to residents via SMS on registered mobile number.

Can anyone else generate VID for me?

No other entity like AUA/KUA can generate VID on behalf of Aadhaar number holder.

What if an Aadhaar number holder forgets VID? Can he/she obtain again?

Yes, UIDAI will provide multiple ways to generate new and/or retrieve current VID. These options will be made available via UIDAI’s resident portal, eAadhaar, Aadhaar Enrolment centre, mAadhaar mobile application etc. Presently, VID generation facility is available on UIDAI’s resident portal. Whenever required, VID number will be sent to residents via SMS on registered mobile number.

Can VID be used for OTP or biometrics or demographics authentication?

Yes. VID can be used in lieu of Aadhaar number in Authentication API input. Various entities will update their Aadhaar authentication application by 01.06.2018 to accept VID as an input for authentication.

In case of VID, do I need to provide consent for authentication?

Yes, Aadhaar number holder consent is necessary for VID based authentication. Agency is required to inform the Aadhaar number holder the purpose for authentication and collect explicit consent for performing authentication.

Can an agency store VID?

No. Since VID is temporary and can be changed by the Aadhaar number holder, storing VID has no value. Agencies should not store VID in any database or logs

Will re-generation of VID lead to the same VID or a different VID?

After the minimum validity period (currently set as 1 day), on Aadhaar number holder requests regeneration, a new VID will be generated and the previous VID will be deactivated. In case resident opts for retrieval of VID, the last active VID will be sent to the Aadhaar number holder.

What is the expiry period of VID?

At this time there is no expiry period defined for VID. VID will be valid till the time a new VID is generated by the Aadhaar number holder.

E Aadhaar Card FAQs

What is e-Aadhaar?

e-Aadhaar is a password protected electronic copy of Aadhaar, which is digitally signed by the competent Authority of UIDAI.

Is e-Aadhaar equally valid like physical copy of Aadhaar?

As per Aadhaar Act, e-Aadhaar is equally valid like Physical Copy of Aadhaar for all purposes. For UIDAI circular on validity of e Aadhaar, please visit Validity of downloaded Aadhaar (e-Aadhaar) as Proof of Identity : Govt Notification Dated 27.04.2017

From where Resident can download e-Aadhaar?

Resident can download e-Aadhaar by visiting UIDAI websites – https://uidai.gov.in/ or by visiting https://eaadhaar.uidai.gov.in

How can Resident download e-Aadhaar?

Resident can download e-Aadhaar by following two ways.

By Using Enrollment Number:Resident can download e-Aadhaar using 28 digit enrolment no. along with Full Name and Pin code. In this download process OTP is received on registered mobile no. Resident can also use TOTP to download e-Aadhaar instead of OTP. TOTP can generated using mAadhaar mobile Application.
By Using Aadhaar No:Resident can download e-Aadhaar by using 12 digits Aadhaar No. along with Full Name and Pin code. In this download process OTP is received on registered mobile no. Resident can also use TOTP to download e-Aadhaar instead of OTP. TOTP can generated using mAadhaar mobile Application.

What supporting software needed to open e-Aadhaar?

Resident needs ‘Adobe Reader’ to view e-Aadhaar. You have ‘Adobe Reader’ installed in your System. To install Adobe Reader in the System visit https://get.adobe.com/reader/

What Is the Password of e-Aadhaar?

Combination of the first 4 letters of name in CAPITAL and the year of birth (YYYY) as password.

For Example:

Example 1
Name: SURESH KUMAR
Year of Birth: 1990
Password: SURE1990

Example 2
Name: SAI KUMAR
Year of Birth: 1990
Password: SAIK1990

Example 3
Name: P. KUMAR
Year of Birth: 1990
Password: P.KU1990

Example 4
Name: RIA
Year of Birth: 1990
Password: RIA1990

How to validate digital signatures in e-Aadhaar?

Computer must be connected to internet while validating digital signature.

Right click on the ‘validity unknown’ icon and click on ‘Validate Signature’
You will get the signature validation status window, click on ‘Signature Properties’.
Click on ‘Show Certificate.’
Verify that there is a certification path named ‘NIC sub-CA for NIC 2011, National Informatics centre’. This identifies ‘NIC sub-CA for NIC 2011, National Informatics centre’ as the owner of the digital certificate that has been used when signing the document.
Mark the certification path named ‘NIC sub-CA for NIC 2011, National Informatics centre’, click the ‘Trust’ tab and then ‘Add to Trusted Identities’.
Answer ‘OK’ to any security question that follows.
Check () the field for ‘Use this certificate as a trusted root’ and click ‘OK’ twice to close this and the next window.
Click ‘Validate Signature’ to execute the validation.

Note: – Once ‘NIC sub-CA for NIC 2011, National Informatics centre’ has been as a Trusted Identity, any subsequent documents with digital signatures from CCA will be validated automatically when opened.

Aadhaar Card FAQs

Is it possible to link Mobile Number with Aadhaar through OTP? What is the procedure to link Mobile Number with Aadhaar?

As per DOT Directive, some Telecom Operators have started linking of SIM with Aadhaar via OTP based authentication. To know more about the process, please contact your respective Telecom Service Provider.

What is TOTP?

It is an one-time temporary password (OTP), that is generated by an algorithm and valid only for 30 seconds. Because of this time variable characteristic, it is called TOTP.
TOTP is 8 digit long numeric string.
TOTP is personal to the resident and is uniquely generated every 30 seconds for each resident separately.
With time-based OTP, the TOTP validation server and token generation app(like mAadhaar) use their respective system times to generate OTPs. The TOTP algorithm assumes that the system times are synchronized.

Why to use TOTP?

TOTPs avoid a number of shortcomings that are associated with traditional SMS based OTP. The most important shortcoming that is addressed by TOTPs is that resident will not be dependent on mobile network for SMS delivery. Generating and sending OTP requires users to go through a completely unrelated workflow.

How TOTP is generated?

TOTP is generated in mobile application like mAadhaar. However, the Client mobile device’s time should be in sync with IST time-zone.

How to configure?

Download mAadhaar android mobile application
Create new resident profile.
Navigate to TOTP page view, your TOTP should be visible and is valid for 30 seconds.

Is it necessary to link bank account with Aadhaar?

As per gazette notification of Ministry of Finance, (updated) as on 31st march 2018, and RBI’s Master direction (updated) as on 20th April 2018, Individuals are required to link all their bank accounts (relationships) with Aadhaar number. For existing accounts the last date of linking has been extended till final order of Supreme Court.

For residents not having Aadhaar it is suggested that they get themselves Enroled to get an Aadhaar.

In case, Resident is an NRI/OCI card holder and having bank account in India but Resident doesn’t have Aadhaar. What will happen to his/her Bank account?

All residents are entitled for Aadhaar. NRI/OCI by definition are not entitled for Aadhaar. For an account of NRI/OCI, it is suggested that they disclose their non-resident status with proof to their bank to change the status of account to NRO or NRE account or as the case may be. This would remove the requirement for Aadhaar.

How is Aadhaar different from any other identity issued by the government?

Aadhaar is essentially a paperless online anytime-anywhere identity assigned to a resident to cover his/her entire lifetime. The verification of his identity is done online with the help of authentication devices which connect to UIDAI’s Central Identity Repository and return only a ‘yes’ or ‘no’ response to the basic query-“Is the person who he/she claims to be?” based on the data available with UIDAI.
The Aadhaar authentication service is fully functional and in use in several service delivery schemes across the country. The Aadhaar Card or the e-Aadhaar (electronic copy of Aadhaar) are essentially given to residents to know their own Aadhaar, but are only the first step towards the actual use of the online id as explained in the preceding para.

Is it mandatory to enrol for Aadhaar to file tax returns or apply for PAN in India? If yes, then what is the process for NRIs?

Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application form, for filing of return of income and for making an application for allotment of Permanent Account Number with effect from 1st July, 2017.

It is clarified that such mandatory quoting of Aadhaar or Enrolment ID shall apply only to a person who is eligible to obtain Aadhaar number.

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. Resident as per the said Act means an individual who has resided in India for a period or periods amounting in all to one hundred and eighty-two days or more in the twelve months immediately preceding the date of application for enrolment. Accordingly, the requirement to quote Aadhaar as per section 139AA of the Income-tax Act shall not apply to an individual who is not a resident as per the Aadhaar Act, 2016.

Can we register/ change mobile number online?

For any online update request, including updation of mobile number, resident should already have an active number registered with UIDAI where person can receive OTP SMS and authenticate himself/herself. Otherwise you would need to visit nearest UIDAI permanent Enrolment centre.

Service Provider not accepting e-Aadhaar copy. What to do?

Downloaded Aadhaar or e-Adhaar carries Name, Address, Gender, Photo and Date of Birth details of the Aadhaar holder in similar form as in Printed Aadhaar letter. The e-Aadhaar also contains date of Aadhaar generation & date of e-Aadhaar download. The downloaded Aadhaar or e-Aadhaar is a digitally signed document by UIDAI as per IT Act, 2000 which provides for legal recognition of electronic records with digital signatures.

Hence Downloaded Aadhaar /e-Aadhaar is a valid and secure electronic document which should be treated at par with printed Aadhaar letter.

I want to give up my Aadhaar. How and what needs to be done?

Presently there is no Policy to give up Aadhaar. However Aadhaar holders can secure their Biometric Authentication as per need by locking or unlocking Biometrics using “Lock/Unlock Biometrics” functionality at UIDAI official website “resident.uidai.gov.in”

Can NRIs also get Aadhaar?

As per the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016, only a resident who has resided in India for a period or periods amounting in all to 182 or more in the 12 months immediately preceding the date of application for enrolment.

What is the process if NRI / OCI holder needs to apply for Aadhaar? And if they don’t have their own residential address in India now?

My name is different in PAN and Aadhaar. It is not allowing me to link both. What to do?

In order to Link Aadhaar with PAN, ideally your demographic details (i.e. Name, Gender and Date of Birth) should match in both the documents.

In case of any minor mismatch in Aadhaar Name provided by taxpayer when compared to the actual data in Aadhaar, One Time Password (Aadhaar OTP) will be sent to the mobile registered with Aadhaar. Taxpayers should ensure that the date of birth and gender in PAN and Aadhaar are exactly same.

In a rare case where Aadhaar name is completely different from name in PAN, then the linking will fail and taxpayer will be prompted to change the name in either Aadhaar or in PAN database.

Note:For PAN data update related queries you may visit: https://www.utiitsl.com.

For Aadhaar update related information you may visit UIDAI official website: www.uidai.gov.in

In-case linking problem still persists you are requested to visit Income Tax official website or call IT department helpline.

My date of birth in PAN and Aadhaar do not match. Not able to link them. Please help.

In order to Link Aadhaar with PAN, your demographic details – Name, Gender and Date of Birth should match. We request you to please get your Name Spelling Corrected in appropriate document i.e. PAN or Aadhaar and try to link again

In-case linking problem still persists, we request you to please get in touch with Income Tax department incometaxindia.gov.in or visit https://www.utiitsl.com.

Will my PAN become non-functional if I do not link it to Aadhaar?

UIDAI only issues Aadhaar and provides means to authenticate the same. For any product or scheme related queries, we request you to please get in touch with respective product/scheme owner.For PAN related queries, you are requested to please contact with Income Tax department incometaxindia.gov.in or visit https://www.utiitsl.com.

Resident wanted to apply for income Tax return but Aadhaar data showing mismatch?

In order to Link Aadhaar with PAN, your demographic details should match. We request you to please get your details Corrected in appropriate document i.e. PAN or Aadhaar and try to link again.In-case linking problem still persists, we request you to please get in touch with Income Tax department incometaxindia.gov.in or visit https://www.utiitsl.com.

Resident facing an error while filing online income tax return, while authenticating with Aadhaar Number?

I am unable to access Aadhaar online services / Website from outside India. Please suggest?

UIDAI’s official website i.e. www.uidai.gov.in doesn’t have any such restriction and should be accessible from anywhere. However, some of the UIDAI web based features like Resident Portal, eAadhaar, Self Service Update Portal (SSUP), Aadhaar Linking Status etc are Geo-Based policy enabled and therefore, will not be accessible from outside India.

How to update my Aadhaar in ration card?

We recommend that you submit a photocopy of your Aadhaar with a copy of ration card to your PDS shop. They may ask you to place a finger on a sensor to authenticate to check that you and your Aadhaar number are matched.

Name different in Aadhaar vis-à-vis service delivery database?

Based on which document needs name correction, such document should be corrected. In case the name correction is to be done in Aadhaar, then you can visit the nearest permanent enrolment centre to update your name, age, address, mobile number and other demographic details (list available at www.uidai.gov.in) or you can also update the details online by using SSUP portal (https://ift.tt/1NLVhcR) or by sending the updation/correction form by Post on Address avilable on website along with supporting documents. Based on the type of update relevant documentary proof will required to be furnished.

My fingers do not work, when asked to place them on finger print device?

You can visit the nearest permanent enrolment centre to update your biometrics (list available at www.uidai.gov.in). We suggest that you carry proofs for identity and correspondence address. Also, we strongly recommend that you give mobile number, this will help you get confirmation message as when your records are updated.

Have multiple accounts, where will I receive the money of benefit transfer?

Please give your copy of Aadhaar letter with your bank account number written on it or copy of your bank passbook. The bank may require you to fill a form as well. Updating your mobile number in bank is also advisable. This will send out SMS alerts when you get DBT in account or you transact on your account. Please note that the bank account which has been seeded last with the Aadhaar number will be the one to receive money through DBT.

Do I need Aadhaar to get my DBT?

Most of the schemes are seeking Aadhaar number to identify the beneficiaries to remove fakes and duplicates from their database. It is strongly recommended that you give them Aadhaar to assist them. It also helps you in availing benefits offered by various government schemes If you do not have Aadhaar, you can always present your Enrolment ID No. (EID), or submit the request with service delivery database owner to get Enroled for Aadhaar with the stated ID documents. This will allow you to continue getting the benefits, subsidy or services without any restrictions.

How do I change my account where to receive DBT funds?

Please give your copy of Aadhaar letter with your bank account number written on it or copy of your bank passbook to the bank where you want to receive the funds. The bank may require you to fill a form as well. Updating your mobile number in bank is also advisable. This will send out SMS alerts when you get DBT in account or you transact on your account. Please note that the bank account which has been seeded last with the Aadhaar number will be the one to receive money through DBT.

How would I know that DBT funds have come to my account?

We recommend that you update your mobile number in bank. The Bank will send out SMS alerts when you get DBT in account or you transact on your account. Alternatively, you can also check your account balance using ATM, microATM/ Bank Mitra, internet banking or calling the bank for details of your transactions.

What all can I do using a Bank mitra, who visits my village?

Bank Mitra carry a handheld device, which can allow you multiple type of banking transactions on your Aadhaar linked Bank account. Transactions possible are Balance, Enquiry, Cash Deposit, Cash Withdrawal, Paying Bills, Remitting funds to other Aadhaar holder. Bank mitra also helps in opening of Aadhaar linked bank account.

How does Aadhaar based DBT help me as a beneficiary?

Aadhaar linking in your scheme database ensures that nobody else can claim your share of the benefits by impersonating you as a person. Also, in case of cash transfers, the money reaches directly to your Aadhaar linked bank account, and you do not have to pursue different people to get the funds. Besides this, you can decide the bank account in which you would like your benefits/money to be transferred.. But all benefits go to your latest Aadhaar linked bank account, so all the subsidies are transferred in single bank account.

Why are Government schemes asking for Aadhaar?

It helps schemes to clean out duplicates and fakes, to provide accurate data and enable implementation of direct benefit programmes. Use of Aadhaar reduces the costs of identifying persons and provides Increased transparency to the government in implementation of its schemes.

I have received blue color of Aadhaar of card for my child. Is it Valid?

Yes, Blue color Aadhaar is valid like other Aadhaar Letter. As per the new policy, UIDAI is issuing Blue Color Aadhaar (Namely Bal Aadhaar) for children whose age is between 0 to 5 Years. After attaining the age of 5 years, this Aadhaar become Invalid and the child should get his/her demographic and biometric details updated against same Aadhaar Number by visiting nearest Enrolment Centre. Else the Aadhaar will become invalid.

AADHAAR ENROLMENT / CORRECTION FORM

Aadhaar Enrolment is free and voluntary. Correction within 96 hours of enrolment is also free. No charges are applicable for Form and Aadhaar Enrolment. In case of Correction provide your EID, Name and only that field which needs Correction.

Please follow the instructions overleaf while filling up the form. Use capital letters only

Aadhaar Enrolment / Correction Form : Download/Print : Version 2.1

Aadhar PAN Link : Date Extended till 31.03.2019 : CBDT Notification

F.No 225/270/2017/ITA.II

Dated 30 June 2018

Earlier Due date for linking Aadhaar with PAN was Extended till June 30, 2018 by CBDT : Refer Notification

How to Link aadhar with PAN to e Verify Income Tax return

How to download e aadhar card Online

Linking PAN with Aadhaar simplified by Income Tax Department

Linking of Aadhaar with mobile no.; opening of Bank Account : Supreme Court Extended timelines

Aadhar PAN Linkage ; Highlights of Supreme Court of India;s Judgement

ITR Filing without linking Aadhaar Number with PAN : HC allowed

The post Aadhar PAN Link : Date Extended till 31.03.2019 : CBDT Notification appeared first on Tax Heal.

from Tax Heal https://ift.tt/2Kn8Ack

Govt. extends due date of Linking Aadhaar with PAN till 31st March, 2019 [Read Order]

The Central Board of Direct Taxes ( CBDT ) has extended the due date of Linking Aadhaar with PAN till 31st March 2019. Under the provisions of recently introduced Section 139AA of the Income Tax Act, 1961, with effect from 01.07.2017, all taxpayers having Aadhaar Number or Enrolment Number are required to link the same […]

The post Govt. extends due date of Linking Aadhaar with PAN till 31st March, 2019 [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2lJsQGc

Maharashtra : No intra state Eway Bill upto Rs. 1 lakh : Notification 15E/2018 State Tax

Maharashtra : No intra state Eway Bill upto Rs. 1 lakh : Notification

Govt. has notified that No E-way bill is required for intra-State movement of goods in the State of Maharashtra having consignment value is upto Rs. 1 lakh. Further, the e-way bill is also not required in case of transportation of Hank, yarn, fabric and garments for a distance of upto 50 KMs within the State of Maharashtra for the purpose of job work.

Notification No. 15E/2018 -State Tax.

Notification No. 15E/2018 -State Tax. No. JC(HQ)-1/GST/2018/Noti/1/E-way Bill/ADM-8 Dated 29th June, 2018

In exercise of the powers conferred by clause (d) of sub-rule (14) of rule 138 of the Maharashtra Goods and Services Tax Rules, 2017, the commissioner of State Tax, Maharashtra State, after consultation with chief commissioner of central Tax, Mumbai Zone, Mumbai, hereby notifies that on or after the 1st July 2018, no e-way bill shall be required to be generated for the intra-State movement in the State of Maharashtra, in respect of the goods mentioned in column (3) of the Table appended hereto, when the movement of the said goods commences and terminates within the area and for the purpose stated in the column (2) of the said Table, for the consignment value mentioned in column (4) of the said Table :-

RAJIV JALOTA,
Commissioner of State Tax,
Maharashtra State, Mumbai

The post Maharashtra : No intra state Eway Bill upto Rs. 1 lakh : Notification 15E/2018 State Tax appeared first on Tax Heal.

from Tax Heal https://ift.tt/2KmO5w6

PAN AADHAR Link : Today is Last date (30.06.2018) : Income Tax News

Link Aadhaar with PAN

The post PAN AADHAR Link : Today is Last date (30.06.2018) : Income Tax News appeared first on Tax Heal.

from Tax Heal https://ift.tt/2Kl56qN

1st July 2018 to be celebrated as ‘ GST day ’, to commemorate the First Year of Unprecedented reform of Indian Taxation, says Finance Ministry

The Government of India is celebrating the 1st Anniversary of the Goods and Services Tax (GST) coming into force, here tomorrow. GST was launched on the 1st July, 2017 in a majestic ceremony held in the Central Hall of Parliament on the midnight of 30th June, 2017. The first year has been remarkable both for the sheer variety […]

The post 1st July 2018 to be celebrated as ‘ GST day ’, to commemorate the First Year of Unprecedented reform of Indian Taxation, says Finance Ministry appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2tFKwa8

S. Ramesh IRS takes over as Chairman of CBIC

Shri S. Ramesh, IRS(C&CE:1981) has taken over as Chairman, Central Board of Indirect Taxes and Customs ( CBIC ), on superannuation of Smt. Vanaja N. Sarna today . Prior to his elevation, he was Member (Administration) in the Board. Shri S. Ramesh began his career in Mumbai as Asst Commissioner, Central Excise and thereafter in […]

The post S. Ramesh IRS takes over as Chairman of CBIC appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2KlCMVe

S. Ramesh takes over as Chairman of CBIC

Press Information Bureau
Government of India
Ministry of Finance
30 JUN 2018 2:06PM by PIB Delhi

Shri S. Ramesh takes over as Chairman, Central Board of Indirect Taxes and Customs

Shri S. Ramesh, IRS(C&CE:1981) has taken over as Chairman, Central Board of Indirect Taxes and Customs [CBIC], on superannuation of Smt. Vanaja N. Sarna today . Prior to his elevation, he was Member (Administration) in the Board.

Shri S. Ramesh began his career in Mumbai as Asst Commissioner, Central Excise and thereafter in Mumbai Customs. He has worked in various capacities in Hyderabad, Nagpur, Chennai, Trichy etc. He was the Chief Commissioner, Chennai Customs Zone from 2013 to 2016. Thereafter, he took over as Director General, Systems & Data Management. He joined the Board in September, 2016 as Member (IT, Central Excise & Service Tax).

The post S. Ramesh takes over as Chairman of CBIC appeared first on Tax Heal.

from Tax Heal https://ift.tt/2tS0a1f

1st Anniversary of GST to be celebrated as ‘ GST day ’

Press Information Bureau
Government of India
Ministry of Finance
30 JUN 2018 12:22PM by PIB Delhi

1st July 2018 to be celebrated as ‘GST day’, to commemorate the first year of the unprecedented reform of Indian taxation

Government of India is celebrating the 1^st Anniversary of the Goods and Services Tax (GST) coming into force, here tomorrow. GST was launched on the 1^st July, 2017 in a majestic ceremony held in the Central Hall of Parliament on the midnight of 30^th June, 2017. The first year has been remarkable both for the sheer variety of challenges that its implementation has thrown up and for the willingness and ability of policy makers and tax administrators to rise up to these challenges and respond befittingly.

But more importantly, the first year of GST has been an example to the world of the readiness of the Indian taxpayer to be a partner in this unprecedented reform of Indian taxation. Accordingly, it has been decided that Sunday, the 1^st of July, 2018 shall be commemorated as ‘GST Day’. Union Minister for Railways, Coal , Finance & Corporate Affairs Shri Piyush Goyal will preside over as the Chief Guest of the event and Minister of State for Finance, Shri Shiv Pratap Shukla will be the Guest of Honour.

Before implementation of GST, Indian taxation system was a farrago of central, state and local area levies. In the constitutional scheme, taxation power on goods was with Central Government but it was limited up to the stage of manufacture and production while States had power to tax sale and purchase of goods. Centre had the exclusive power to tax services. This sort of division of taxing powers created a grey zone which led to legal disputes since determination of what constitutes a goods or service became increasingly difficult.

In the discussions that preceded amendment in the Constitution for GST, there were a number of thorny issues that required resolution and agreement between Central Government and State Governments. Implementing a tax reform as vast as GST in a diverse country like India required the reconciliation of interests of various States with that of the Centre. Some of these issues included origin-based versus destination-based taxation, rate structure and compensation, Dispute Settlement, inclusion of Alcohol and Petroleum products under GST. Resolution of these issues took some time and finally, the Constitution (122nd Amendment) Bill, 2014 was introduced in the Parliament on 19^th December, 2014 and has been enacted as Constitution (101st Amendment) Act, 2016 w.e.f. 16^th September, 2016.

As provided for in Article 279A of the Constitution, the Goods and Services Tax Council (the Council) was notified with effect from 12^th September, 2016. The Council is comprised of the Union Finance Minister (who is the Chairman of the Council), the Minister of State (Revenue) and the State Finance/Taxation Ministers as members and is empowered to make recommendations to the Union and the States on all GST related issues. The Council has met for 27 times and no occasion has arisen so far that required voting to decide any matter. All the decisions have been taken by consensus. This is a fitting tribute to the spirit of cooperative federalism which has prevailed throughout all Centre-State interactions in relation to all aspects of GST.

Four Laws namely CGST Act, UTGST Act, IGST Act and GST (Compensation to States) Act were passed by the Parliament and since been notified on 12^th April, 2017. All the other States (except Jammu & Kashmir) and Union territories with legislature have passed their respective SGST Acts. The economic integration of India was completed on 8th July, 2017 when the State of J&K also passed the SGST Act and the Central Government also subsequently extended the CGST Act to J&K. On 22^nd June, 2017, the first notification was issued for GST and notified certain sections under CGST Act. Since then, one hundred and three notifications under CGST Act have been issued notifying sections, notifying rules, amendment to rules and for waiver of penalty, etc. Thirteen, twenty eight and one notifications have also been issued under IGST Act, UTGST Act and GST (Compensation to States) Act respectively. Further 59, 63, 59 and 8 rate related notifications each have been issued under the CGST Act, IGST Act, UTGST Act and GST (Compensation to States) Act respectively. Similar notifications have been issued by all the States under the respective SGST Act. Apart from the notifications, 53 circulars and 14 orders have also been issued by CBIC on various subjects like proper officers, ease of exports, and extension of last dates for filling up various forms, etc.

India has adopted dual GST model because of its unique federal nature. Under this model, tax is levied concurrently by the Centre as well as the States on a common base, i.e. supply of goods or services or both. GST to be levied by the Centre would be called Central GST (Central tax / CGST) and that to be levied by the States would be called State GST (State Tax / SGST). State GST (State Tax / SGST) would be called UTGST (Union territory tax) in Union Territories without legislature. CGST & SGST / UTGST shall be levied on all taxable intra-State supplies. Inter-State supply of goods or services shall be subjected to Integrated GST (Integrated tax / IGST). The IGST model is a unique contribution of India in the field of VAT. The IGST Model envisages that Centre would levy IGST (Integrated Goods and Service Tax) which would be CGST plus SGST on all inter-State supply of goods or services or both.

The introduction of e-way (electronic way) bill is a monumental shift from the earlier ‘Departmental Policing Model’ to a ‘Self-Declaration Model’. It envisages one e-way bill for movement of the goods throughout the country, thereby ensuring a hassle free movement of goods throughout the country. The e-way bill system has been introduced nation-wide for all inter-State movement of goods with effect from 1^st April, 2018. As regards intra-State movement of gods, all States have notified e-way bill rules for intra-State supplies last being NCT of Delhi where it was introduced w.e.f. 16^th June, 2018.

GST will have a multiplier effect on the economy with benefits accruing to various sectors such as exporters, small traders and entrepreneurs, agriculture and industry, common consumers. GST has already promoted ‘Make in India’ and has improved the ‘Ease of Doing Business’ in India. By subsuming more than a score of taxes under GST, the road to a harmonized system of indirect tax has been paved making India an economic union.

Any new change is accompanied by difficulties and problems at the outset. A change as comprehensive as GST is bound to pose certain challenges not only for the government but also for business community, tax administration and even common citizens of the country. Some of these challenges relate to the unfamiliarity with the new regime and IT systems, legal challenges, return filing and reconciliations, passing on transition credit. Many of the processes in the GST are new for small and medium enterprises in particular, who were not used to regular and online filing of returns and other formalities.

Based on the feedback received from businesses, consumers and taxpayers from across the country, attempt has been made to incorporate suggestions and reduce problems through short-term as well as long-term solutions. National Anti-Profiteering Authority has initiated investigation into various complaints of anti-profiteering and has passed orders in some cases to protect consumer interest. To expedite sanction of refund, manual filing and processing of refunds has been enabled. Clarificatory Circulars and notifications have been issued to guide field formations of CBIC and States in this regard. The government has put in place an IT grievance redressal mechanism to address the difficulties faced by taxpayers owing to technical glitches on the GST portal.

The introduction of GST is truly a game changer for Indian economy as it has replaced multi-layered, complex indirect tax structure with a simple, transparent and technology–driven tax regime. It will integrate India into a single, common market by breaking barriers to inter-State trade and commerce. By eliminating cascading of taxes and reducing transaction costs, it will enhance ease of doing business in the country and provide an impetus to ‘Make in India’ campaign. GST will result in ‘ONE NATION, ONE TAX, ONE MARKET’.

The post 1st Anniversary of GST to be celebrated as ‘ GST day ’ appeared first on Tax Heal.

from Tax Heal https://ift.tt/2tIHAcN

Friday, June 29, 2018

More GST Rate Cuts on the Cards

As the Goods and Services Tax ( GST ) completes one year on coming Monday, the Government is planning to cut the rates of more goods which are in the higher slab, i.e., 28 per cent. Reportedly, construction materials such as cement and paints may go cheaper in the near future. The 28th GST Council […]

The post More GST Rate Cuts on the Cards appeared first on Taxscan | Simplifying Tax Laws.

from Taxscan | Simplifying Tax Laws https://ift.tt/2yVlNnf

why you should file Income Tax Return even if your income is non-taxable

When it comes to filing their tax returns, many people procrastinate. Some delay it, some don’t file their returns until they are pushed to as a necessity for taking a loan. They show little urgency towards filing their returns as the Income Tax Department does not send an immediate notice to individuals for missed deadlines

Many taxpayers are oblivious to the benefits they miss out on, and the consequences that follow, if they don’t file their returns. There’s a lot of confusion – especially among those whose income falls below Rs 2.5 lakh per year – about whether there they need to file an ITR or not.Refer How to Fill & File Salary ITR 1 Sahaj for AY 2018-19 (FY 2017-18) : Income Tax return :

Is it mandatory to file ITR?

There is a misconception that people without taxable income do not need to file their tax returns. The Income Tax Department mandates the filing of an ITR if your gross total income exceeds Rs.2.5 lakh before any deductions, exceeds Rs.3 lakh for those above the age of 60, or Rs.5 lakh for those above the age of 80 years.

Also, if you are an Indian resident and have assets or investments outside the country, it is mandatory for you to file returns even if your income is not taxable. If you don’t fall in any of these categories, it’s not mandatory for you to file an ITR.

However, even if you have zero tax liability, filing tax returns has an array of advantages:

Claiming tax refund

Even if your income is under the taxable limit, you may have paid taxes on it. An individual can file refunds to get this excess tax paid via TDS, or self-assessment, in the relevant financial year. Getting a refund of your taxes feels like getting a paycheck credited. If you don’t file your returns, you essentially let go of a possible refund.

Getting a visa

If you are planning to immigrate to another country or seeking a job opportunity abroad, you must have your ITRs for the recent years ready. Most embassies, especially the US and UK, ask for copies of ITRs to process your visa application.

Ease in applying for loan

If you apply for any loan such as a home loan, car loan etc. or even take a credit card, you are required to provide the ITR for the most recent assessment years – along with other documents – to the lender. The ITR acts as a statement of your income. It helps the lender assess your repayment capacity.
In the absence of an ITR, taking a loan becomes very difficult. In the absence of an ITR, you will be required to prove your earning, and repayment capacity, through other means. You may even be asked to bring a loan co-applicant, submit a collateral, or ensure security in other ways, to cover the repayment risk.

Carrying forward capital losses

If you have incurred capital losses, the Income Tax Act allows you to carry forward losses for eight consecutive years, and offset it against future gains and income. However, you need to have filed an ITR every year, without any break, to avail of this benefit. Even if your income is not taxable, you may have incurred losses that need to be carried forward. So it’s mandatory for you to file for return in the year you have incurred losses to carry them forward.

For other incomes

Even if your salary does not fall in any of the tax brackets, you may have other incomes such as income from tax-free bonds, or other non-taxable sources, which amount over Rs. 2.5 lakh. You should file an ITR showing your non-taxable earnings, which could act as a proof for income.

Income Tax Return for FY 2017-18( AY 2018-19 )

CBDT notifies Income Tax Return Forms for AY 2018-19

Income Tax Return Provisions[ FA 2018]

Penalty of late filing of income tax return from AY 2018-19

[Video] Fees for Late filing of Income Tax Return from AY 2018-19 : TaxHeal.com

Video -Changes in Income Tax Return for AY 2018-19 /FY 2017-18 : Income Tax News [ Part 34]

How to Fill & File Salary ITR 1 Sahaj for AY 2018-19 (FY 2017-18) : Income Tax return :

The post why you should file Income Tax Return even if your income is non-taxable appeared first on Tax Heal.

from Tax Heal https://ift.tt/2lKvI5u

Instant e-PAN allotment : New Facility on Income Tax Website

Instant e-PAN allotment

Instant e-PAN allotment (Beta version) in near to real time is available free of cost for limited period. Individuals (other than minors) with a valid Aadhaar number (with updated Mobile number) can avail the e-PAN allotment facility.

Steps to File

Login to https://www.incometaxindiaefiling.gov.in/
2 go to Quick Links and click Instant E PAN

Apply Instant e-PAN Click here

The post Instant e-PAN allotment : New Facility on Income Tax Website appeared first on Tax Heal.

from Tax Heal https://ift.tt/2yWjsbJ

IBBI Discussion Paper on discharge from responsibilities as Interim Resolution Professional

DISCHARGE FROM RESPONSIBILITY AS INTERIM RESOLUTION PROFESSIONAL, RESOLUTION PROFESSIONAL OR LIQUIDATOR OF CORPORATE PROCESSES UNDER INSOLVENCY & BANKRUPTCY CODE, 2016

IBBI DISCUSSION PAPER, DATED 21-6-2018

The Insolvency and Bankruptcy Code, 2016 (Code) consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders. The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 specifically aims to promote resolution over liquidation. These objectives of the Code, particularly resolution, can be achieved only if the insolvency resolution and other processes under the Code are accomplished in a time bound manner. In fact, the ‘time bound’ feature of the Code distinguishes it from the erstwhile legislations in the matter. For example, the Code permits 180 days for completion of corporate insolvency resolution process (CIRP). It permits one-time extension up to 90 days by the Adjudicating Authority in deserving cases.

2. It is important to appreciate the significance of timeline. The corporate debtor was not in pink of its health when it defaulted and hence required resolution. During the CIRP period, an insolvency professional exercises the powers of the Board of Directors and manages the operations of the corporate as a going concern and there is uncertainty about ownership and control of the corporate, post resolution. The enterprise value of the firm reduces exponentially with time, as prolonged uncertainty about its ownership and control and general apprehension surrounding insolvency leads to a flight of customers, vendors, workers, etc. A very long CIRP period is likely to push the corporate towards liquidation. The Code, therefore, mandates closure of the CIRP at the latest by 180th day. The essence of the Code is timeline and in the matter of JK Jute Mills Company Ltd., the NCLAT has held this timeline to be mandatory.

3. Under the Code, an IP plays a central role in resolution, liquidation and bankruptcy processes of persons (companies, LLPs, partnership firms and individuals). He takes important business and financial decisions that may have substantial bearing on such persons and its stakeholders, including the value of the insolvent’s asset, negotiates deals, settles claims, conducts meetings of the committee of creditors, invites and examines resolution plans, reports on the conduct of the directors of the company and discharge other onerous responsibilities . He is responsible for getting the best possible outcome in each case. He is, in fact, the driving force and the nerve-centre in an insolvency proceeding. A whole array of statutory and legal duties and powers is vested in him. A whole array of statutory and legal duties and powers is vested in him. Section 20 of the Code requires him to makes every endeavour to protect and preserve the value of the property of the corporate debtor and manage its operations as a going concern. Section 23 requires him to conduct the entire corporate insolvency resolution process and manage the operations of the corporate debtor. He exercises powers of the Board of Directors of the corporate debtor under resolution. The specific duties and responsibilities of an IP during CIRP are detailed in the Code and regulations made thereunder.

4. IP is a key institution of insolvency regime. The Bankruptcy Law Reforms Committee (BLRC) states: “This entire insolvency and bankruptcy process is managed by a regulated and licensed professional namely the Insolvency Professional or an IP, appointed by the adjudicator. In an insolvency and bankruptcy resolution process driven by the law there are judicial decisions being taken by the adjudicator. But there are also checks and accounting as well as conduct of due process that are carried out by the IPs. Insolvency professionals form a crucial pillar upon which rests the effective, timely functioning as well as credibility of the entire edifice of the insolvency and bankruptcy resolution process.”. Given its role, though a client proposes the name of an IP for appointment, he is actually appointed by the Adjudicating Authority. He may be removed from a process by the Adjudicating Authority if it is not satisfied with his performance. The appointment and removal by the Adjudicating Authority secures and sanctifies the position of IP.

5. The European Bank for Reconstruction and Development observes: “Insolvency process cannot be imagined without the involvement of an IP who in many respects is the lynchpin of the process; the link between the court, creditors, and the debtor.”. As per the Legislative Guide on Insolvency Law, “However appointed, the insolvency representative plays a central role in the effective and efficient implementation of an insolvency law, with certain powers over debtors and their assets and a duty to protect those assets and their value, as well as the interests of creditors and employees, and to ensure that the law is applied effectively and impartially. Accordingly, it is essential that the insolvency representative be appropriately qualified and possess the knowledge, experience and personal qualities that will ensure not only the effective and efficient conduct of the proceedings and but also that there is confidence in the insolvency regime.”

6. The law facilitates and empowers the IP to discharge his responsibilities effectively. It obliges every officer of the firm to report and the promoter of the firm to extend all assistance and cooperation to him. There is an assurance of supply of essential goods and services to, and a moratorium on proceedings against, the firm. The Code empowers the IP to appoint professionals to assist him. He can seek orders from the Adjudicating Authority if he comes across any preferential, undervalued, extortionate, or fraudulent transaction. He can take support services from insolvency professional entities. He has protection for actions taken in good faith. His conduct can be investigated only by the IBBI/IPAs which has to follow a due process for the purpose. There is bar on trial of offences against an IP except on a complaint filed by the IBBI.

7. Thus, the Code mandates time bound processes. It assigns this responsibility to an IP. The BLRC observes: “In the case of insolvency resolution, a failure of the process may result from two main sources: collusion between the parties involved and poor quality of execution of the process itself. Hence, it is important that the professionals responsible for implementing the insolvency resolution process adhere to certain minimum standards so as to prevent failures of the process and enhance credibility of the system as a whole.” The Code of Conduct requires that an IP must adhere to the time limits prescribed in the Code and the rules, regulations and guidelines thereunder for insolvency resolution, liquidation or bankruptcy process, as the case may be, and must carefully plan his actions, and promptly communicate with all stakeholders involved for the timely discharge of his duties. The law does not envisage any discontinuity or break in a process. It does not envisage any break for an IP in a process; nor does it provide time for switchover from one IP to another. When the life of a person undergoing resolution is at a stake, the process cannot have a break by resignation or otherwise. This is why section 16(5) of the Code mandates the IRP to continue in office till the date of appointment of RP under section 22.

8. There have been a few instances where the Adjudicating Authority has expressed concern about resignation or unwillingness of IPs to continue as RP or act as liquidator:

a.		In the matter of Arun Kumar Jain v. Maa Tara Industrial Complex Pvt Ltd, C.P. (IB) No. 318/KB/2017 and Arun Kumar Jain v. Upadan Commodities Pvt Ltd, C.P. (IB) No. 320/KB/2017, the Hon’ble NCLT, Kolkata observed:
		“Let show cause notice be issued against the IRP as to why after accepting the work of resolution professional, he is resigning, without prior permission of the adjudicating authority.”
b.		In the matter of Indian Bank v. M/s. Athena Demwe Power Ltd., IB NO. (IB)- 244(ND)/2017, the Hon’ble NCLT observed:
		“….It is noticed that the period of 180 days for arriving at a Resolution Plan is expiring on 27th March, 2018. It is therefore incomprehensible as to why the RP has waited so long so as to seek a discharge. There is no justification of the work done during the period…..”
c.		In the matter of M/s Takkshill Enterprises v. M/s IAP Company Pvt. Ltd., C. P No. IB- 446(ND)/2017, where CIRP could not start for two months, the Hon’ble NCLT, New Delhi Bench observed:
		“…specific relevance is also placed upon consent and Expression of Interest provided by the IRP to be empaneled in the list of IPs or Liquidators as forwarded to this Tribunal and having given his consent to act as a Resolution Professional or Liquidator for a period of 6 months commencing from 01.01.2018 to 30.06.2018, it is stated that the IRP should not be discharged from his duties to act as an IRP in relation to the CD as sought for in the Application and in the circumstances the functions of IRP being of serious nature and in the nature of public functions, the casual attitude should not be entertained.”

9. Keeping in view the time bound nature of the processes and the role of IP in these processes, it is proposed to allow an IP to seek discharge from a process only on one ground, that is, he is incapacitated to continue as IRP, RP or Liquidator. He can be incapacitated only in two ways: (a) physically: he suffers from health problems rendering him unable run the process, to the satisfaction of the Adjudicating Authority, and (b) legally: he becomes ineligible under the law. In either case, the approval of the Adjudicating Authority may be necessary. If an IP seeks discharge from process on any other ground, he may be debarred from taking any fresh assignment for a period of five years.

10. It has been the endeavour of the Board to engage with the stakeholders through public consultation. Accordingly, comments and suggestions are invited at ipmonitoring@ibbi.gov.in by 15th July, 2018.

The post IBBI Discussion Paper on discharge from responsibilities as Interim Resolution Professional appeared first on Tax Heal.

from Tax Heal https://ift.tt/2lHMv9t

Saturday, June 30, 2018

How to Register Mobile with Aadhaar

Aadhaar Self Service Update Portal Click here

Related Post on Aadhaar

16 digit Aadhaar virtual No for KYC from 01.07.2018

Related Post on Aadhaar

Aadhaar Self Service Update Portal

Related Post on Aadhaar

Check Aadhaar Status

Check if Aadhaar is Generated Click here

Related Topics on Aadhaar

Aadhaar card Virtual ID : FAQ’s

Related Post on Aadhaar

E Aadhaar Card FAQs

Related Post on Aadhaar

Aadhaar Card FAQs

Related Post on Aadhaar

AADHAAR ENROLMENT / CORRECTION FORM

Related Post on Aadhaar

Validity of downloaded Aadhaar (e-Aadhaar) as Proof of Identity

Related Post on Aadhaar

Aadhar PAN Link : Date Extended till 31.03.2019 : CBDT Notification

Maharashtra : No intra state Eway Bill upto Rs. 1 lakh : Notification

Notification No. 15E/2018 -State Tax.

Link Aadhaar with PAN

Friday, June 29, 2018

why you should file Income Tax Return even if your income is non-taxable

Is it mandatory to file ITR?

Claiming tax refund

Getting a visa

Ease in applying for loan

Carrying forward capital losses

For other incomes

Income Tax Return for FY 2017-18( AY 2018-19 )

Instant e-PAN allotment