Modi Government Mandatory Aadhaar for Filing ITR, Applying for PAN card

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The BJP Government of Narendra Modi on Tuesday made declaring of Aadhaar card number compulsory for filing Income Tax returns by citizens of India. In addition, the Centre also made it essential for quoting Aadhaar number while applying for Permanent Account Number (PAN) card.

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In recent time, Aadhaar has been gaining strong ground with several financial transactions being linked to it. According to the sources, work is already in progress of all bank accounts being linked to Aadhaar card number.
The decision to link Aadhaar card to a bank account and to make it necessary for filing ITR was already taken last year, sources said.

 

The motive of the government behind this move is to aim at making financial transactions more transparent by linking Aadhaar to bank accounts, PAN cards, and Income Tax returns.
News Source: http://indiatoday.intoday.in/story/aadhaar-mandatory-for-filing-i-t-returns-pan-card/1/909530.html

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