New Delhi: The Income Tax Department will “suo motu” allot a fresh PAN to a person who files I-T returns with only Aadhaar. This will be a part of a new arrangement to link the two databases, the CBDT chief said after the Budget proposed that only the biometric ID is enough for tax purposes.
‘Suo Motu’ is a Latin word that means ‘on its own motion’.
Linking of the two databases is now compulsory and backed by law, the CBDT boss said.
“In cases where Aadhaar is being quoted and PAN is not there, we could possibly think on the terms of allotting a PAN to the person (who is filing an income tax return),” he told PTI in an interview.
The PAN (permanent account number) is “certainly not dead” and the recent Budget announcement of interchangeability of the two databases is an “additional facility” to ensure their linkage, which is now mandatory under the law, Central Board of Direct Taxes (CBDT), Chairman, Pramod Chandra Mody, said.
While Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to a resident, PAN is a 10-digit alphanumeric number allotted by the tax department to a person, firm or entity.
Also Read: BHEL Recruitment 2019: How To Apply For Various Posts
Ms Kalinga