10 Key Things To Know About Changes In PAN, Aadhaar Rules

Individuals not having a PAN will be able to quote Aadhaar instead while filing their income tax returns, as announced in the Budget. (Also read: "Either Aadhaar or PAN will do") The government has said that Aadhaar will be accepted interchangeably with PAN under the Income Tax Act. (Also read: Taxman to "suo motu" allot PAN to those only furnishing Aadhaar) Tax experts believe this will lead to expansion of the tax base. (Also r...