PAN & Aadhaar to be interchangeable to ease filing of taxes, proposes Modi govt in budget
Economy

PAN & Aadhaar to be interchangeable to ease filing of taxes, proposes Modi govt in budget

The previous Modi govt's move to make Aadhaar mandatory for filing tax returns led to several legal issues.

   
Finance Minister Nirmala Sitharaman presenting Budget'19 | Lok Sabha TV

Finance Minister Nirmala Sitharaman presenting Budget'19 | Lok Sabha TV

New Delhi: Finance Minister Nirmala Sitharaman Friday said PAN and Aadhaar have been made interchangeable, allowing those who do not have PAN to file income tax returns.

Presenting the first budget of the Modi government in its second term, Sitharaman said Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days.

Sitharaman said with a view to incentivising investment in GIFT City, the government proposes several tax benefits.


Also read: Good news awaits income tax-payers — mediation now likely in case of dispute