Moneycontrol Be a Pro
Get App
Last Updated : Jul 05, 2019 09:49 PM IST | Source: Moneycontrol.com

Budget 2019: FM makes PAN redundant as ITR filing to be made possible only with Aadhaar

Individuals who do not have PAN will soon be able to file their ITR by quoting their Aadhaar number.

Moneycontrol News @moneycontrolcom

Finance Minister Nirmala Sitharaman on July 5 announced in her Budget speech that the Aadhaar card could be used interchangeably with the PAN to file income tax returns.

Also Read | Budget 2019: Key takeaways from FM Nirmala Sitharaman's maiden Budget so far

This will allow those who do not have PAN to be able to file their income tax returns. Presenting the first budget of the Modi government in its second term, Sitharaman also said that Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days.

Currently, under the Income Tax Act, it is compulsory for resident Indians to submit their Aadhaar number while applying for a PAN card and for submitting their income tax returns. One needs to link their Aadhaar with their PAN before the filing of their income tax returns.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jul 5, 2019 01:30 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant