For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Budget 2019: You Can Now Quote Aadhaar For Filing ITR; PAN No Longer Mandatory

|

To enable greater transparency and facilitate easy tax administration, the Finance Ministrer in its Budget 2019 speech proposed inter-changeability of PAN with Aadhaar. The FM noted, "Those who don't have PAN, can file ITR by simply quoting Aadhaar number".

You Can Now Quote Aadhaar For Filing ITR; PAN No Longer Mandatory
 

So, by simply providing Aadhaar number, taxpayers can pay their taxes without the need for a PAN card.

The Finance Minister highlighted that the unique Aadhaar Id has reached 120 crore Indians.

In February this year, the Supreme Court upheld that Aadhaar would be compulsorily required for filing of income tax returns as well as PAN allotment. But it would not be mandatory to link bank accounts with aadhaar and also telecom service providers cannot insist on its linking with mobile SIMs.

GoodReturns.in

Story first published: Friday, July 5, 2019, 13:31 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more