Finance Minister Says, For Income Tax Returns, Either Aadhaar Or PAN Will Do

Finance Minister Says, For Income Tax Returns, Either Aadhaar Or PAN Will Do

Finance Minister Says, For Income Tax Returns, Either Aadhaar Or PAN Will Do 

New Delhi: Nirmala Sitharaman, the Finance Minister today said that Aadhaar and PAN or Permanent Account Number will be interchangeable when it comes to filing Income Tax returns. The new rule is expected to benefit entry-level tax payers who have Aadhaar but not PAN. 

Also Read: India To Become $3 Trillion Economy This Year, Says Finance Minister

Until now, the Permanent Account Number has so far been mandatory for filing Income Tax Returns.  After Aadhaar was introduced, it became mandatory to link PAN and Aadhaar for this.

The Top Court, which ruled that Aadhaar could not be made mandatory for non-financial purposes, had said Aadhaar-Pan link will be needed to file tax returns. 

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