PAN, Aadhaar interchangeable for filing of IT returns: FM Nirmala Sitharaman

PAN, Aadhaar interchangeable for filing of IT returns: FM Nirmala Sitharaman

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.

PTIUpdated: Friday, July 05, 2019, 01:35 PM IST
article-image

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.

RECENT STORIES

After RBI Action, Kotak Bank Shares Stumble Nearly 10%; Markets Start In Red

After RBI Action, Kotak Bank Shares Stumble Nearly 10%; Markets Start In Red

Mitesh Mangaonkar: Leading Innovator In Data Engineering And Cloud Computing

Mitesh Mangaonkar: Leading Innovator In Data Engineering And Cloud Computing

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh