Saturday, July 6, 2019

budget 2019-20: pan and aadhaar interchangeable for it returns

Budget 2019-20 Highlights

Direct Tax

IT returns can now be filed, using either Aadhaar card or Pan card

pan and aadhaar interchangeable for it returns
budget 2019-20: pan and aadhaar interchangeable for it returns

Good News to Indian Tax Payers, They will need to use either Aadhaar card or PAN card to file their income tax returns (ITR) from now onwards.

Union Finance Minister Nirmala Sitharaman announced during Union Budget 2019 that taxpayer who does not have Permanent Account Number (PAN) can use their Aadhaar card to file their Income Tax Return. So, People who do not have PAN, can now file their income tax return, by simply quoting their Aadhaar number.

PAN card and Aadhaar card can be used interchangeably to file income tax returns. This will allow those without PAN to file income tax by using their Aadhaar card numbers.

Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days.

If a taxpayer has already linked his Aadhaar with his PAN, he or she has the choice to use Aadhaar instead of PAN under the Income Tax Act.




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