Section 139AA of Income Tax Act 1961 deals with which of the following subject matter ........

Economic Affairs Tax System

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Section 139AA of Income Tax Act, 1961 deals with which of the following subject matter?

Linking of Aadhaar with PAN Card

Ceiling on agricultural lands.

Income Tax Return Defaulters

Goods and Services Tax

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Explanation:

- Option 1: Linking of Aadhaar with PAN Card

- Correct Answer: Section 139AA of the Income Tax Act, 1961, mandates the linking of an individual's Aadhaar number with their PAN (Permanent Account Number). This provision was introduced to simplify tax processes and curb tax evasion.

- Option 2: Ceiling on agricultural lands.

- Not related to Section 139AA. Issues like the ceiling on agricultural lands are typically governed by state land reform laws rather than the Income Tax Act.

- Option 3: Income Tax Return Defaulters

- Although dealing with income tax defaulters is a relevant income tax issue, Section 139AA specifically does not address this matter.

- Option 4: Goods and Services Tax

- The GST is a separate tax mechanism and not covered under the Income Tax Act of 1961. Section 139AA specifically pertains to Aadhaar and PAN linkage.