SME Times is powered by   
Search News
Just in:   • Magicbricks App Records 40 pc Rise in New Users in Last Quarter  • Seven Hills Beverages Limited to Enter Capital Market  • Infosys CEO and MD Vishal Sikka resigns  • Infosys stocks, negative global cues drag equities lower  • Over 10,000 expected at 'Startup Expo': Lufthansa 
Last updated: 22 Mar, 2017  

aadhar.card.thumb.jpg Aadhar to be mandatory for filing I-T return, PAN application

aadhar.card.jpg
   Top Stories
» FM asks states to reduce VAT on petroleum products
» PM asks startup entrepreneurs to join build 'New India'
» BJP received maximum funding from corporate donors: Report
» RBI pegs quarterly headline inflation in H1 at 2-3.5 pc
» GST return filing date extended for taxpayers availing input credit
SME Times News Bureau | 22 Mar, 2017
The government on Tuesday proposed to make Aadhaar Card mandatory for filing 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, 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.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.15
63.45
UK Pound
84.20
81.35
Euro
76.70
74.10
Japanese Yen 59.10 57.10
As on 19 Aug, 2017
  Daily Poll
Is GST affecting exports negatively?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(15)
» PM's I-Day speech: Govt eases way for small businesses(7)
» Economic Survey: Volume-2(5)
» List of items for which anti dumping duties has been levied with related notifications(2)
» Relief to SMEs: Govt exempts employer from PF contribution for 3 yrs(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter