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Sam Ghosh Founder and SEBI Regd. Investment Adviser at Wisejay Private Limited Bangalore, Karnataka
Budget 2019: Government to make PAN and Aadhar interchangeable
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04:35:33 PM, 5th July, 2019
  • Sam GhoshFounder and SEBI Regd. Investment Adviser at Wisejay Private LimitedBangalore, Karnataka
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    Finance Minister Nirmala Sitharaman said in her maiden budget speech that the Government is planning to make PAN and Aadhar interchangeable.

    Aadhar numbers can be quoted where PAN is required. So, those without a PAN card can quote Aadhar number to file income tax.

    Also, pre-filled tax returns will be provided to taxpayers with details of salary income, capital gains, bank interest, and dividends and tax deductions. Information regarding these will be collected from the concerned sources such as Banks, Stock Exchanges, mutual funds, EFPO etc.

    A Scheme of Faceless Assessment in electronic mode involving no human interface is being launched this year in phased manner.

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