Quote Aadhaar instead of PAN
Quote Aadhaar instead of PAN https://www.fundstiger.com/quote-aadhaar-instead-pan/ The government has allowed quoting of Aadhaar in place of PAN card under the Income Tax Act. People who don’t have a PAN will be able to quote Aadhaar instead while filing their income tax returns, as announced in the Budget. Under the Income Tax Act Aadhaar will be accepted interchangeably with PAN. A number of changes have been announced in rules related to the Unique Identity Number (UID) also known as Aadhaar number and the PAN or Permanent Account Number. While the government has allowed quoting of Aadhaar in place of PAN under the Income Tax Act, it has also announced grant of Aadhaar to NRIs on arrival without a waiting period. Meanwhile, the Income Tax Department has set a September 30 as the last date for assesses to link the two “unless specifically exempted”. Of the over 41 crore PANs issued, 22 crore have been linked to Aadhaar. Here are some important things to know about the latest ...