ADVERTISEMENT
Aadhaar Can Be Used For Cash Transactions Above Rs. 50,000: Revenue Secretary
07 Jul 2019, 02:11 PM IST i

Save

Budget 2019 allowed interchangeability of PAN and Aadhaar for ease of compliance of taxpayers
The national biometric ID Aadhaar can now be quoted for cash transactions of more than Rs 50,000 and all other purposes where traditionally income tax PAN number was a must, according to a top official. Banks and other institutions will make backend upgrades to allow acceptance of Aadhaar in all places where quoting PAN is now mandatory, Revenue Secretary Ajay Bhushan Pandey said on Saturday. This follows the Budget allowing intercha...
ADVERTISEMENT