PAN card will be made only on the basis of Aadhaar, new rule is going to be implemented from this date
If you If you are thinking of making a new PAN card for yourself or a family member, then definitely read this news. You will have to have Aadhaar to make a PAN card. The Central Board of Direct Taxes (CBDT) has implemented the new rule. Under this, Aadhaar number and Aadhaar verification will be necessary for the new permanent account number (PAN) card from July 1. Let us tell you that Aadhaar was not necessary to make a PAN card till now. Any valid identity card and birth certificate were enough for this. But under the new rule, Aadhaar has now been made mandatory.
Why this change was made
Experts say that this step of Aadhaar-based verification has been done to promote digitization and ensure accountability and compliance in filing tax. This will help prevent tax evasion. Also, strictness can be done on the hiding income. Let us tell you that for the existing PAN card holders, the last date for linking Aadhaar to PAN is December 31, 2025, without any fine. PANs not linked to Aadhaar will become inactive from next year.
Will not be able to make fake pan
Experts say that fake PAN will be stopped by making Aadhaar mandatory in making PAN. Still many drainage are carrying out the wrongdoing by making fake PANs. Now all this will not be possible due to Aadhaar biometric. According to the Income Tax Department, no person is allowed to have more than one PAN card. If someone has more than one PAN, then he can be fined Rs 10,000.
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