Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application

Share this post:

The government has proposed to make Aadhaar Card mandatory for filing ITRs or income tax returns and also applying for a Permanent Account Number (PAN).

The proposal was made through an amendment to the Finance Bill 2017 moved by Finance Minister Arun Jaitley in the Lok Sabha.

Besides being necessary for filing an income tax return, any application for an income tax PAN will also have to state the applicant’s Aadhaar or 12-digit unique ID which is backed by biometrics like finger prints and iris scans.
Moving the Bill, Mr Jaitley spoke in defence of amendments made to 40 acts which had been criticised by opposition members of the house on a point of order.

He said if a substantial portion of a bill deals with imposition or abolition of tax, then even if it has other incidental provisions, it can still be introduced as a Money Bill.

A Finance Bill is ordinarily introduced to give effect to the financial proposals of the government for the next financial year.

About caonwebteam

With an experience of registering more than 500 companies and being counted as one of the top consultants recognised by India Excellence Award 2017, CA ON WEB PVT. LTD. is one of the most trusted legal consulting companies in India. We are most trusted company for Cross-border business.With some best industry experts working for us, we are trusted by well-known companies like Alibaba, Club Factory, Krazybee in China and recently Partnered with PayTM in India.
View all posts by caonwebteam →