If you use Aadhaar for ITR filing, PAN will be auto-generated
Live MintThe Income Tax Department today announced that it will automatically issue PAN to all taxpayers who do not have a Permanent Account Number and are using Aadhaar for filing income tax returns. This is in accordance with finance minister Nirmala Sitharaman's announcement in her budget speech in July where she had said PAN and Aadhaar will be made interchangeable for filing of income tax returns. 1) "For ease and convenience of tax payers, I propose to make PAN and Aadhaar interchangeable and allow those who do not have PAN to file Income Tax returns by simply quoting their Aadhaar number and also use it wherever they are required to quote PAN," Nirmala Sitharaman said in her budget speech. The CBDT also said that any person, who has not been allotted a PAN but possesses the Aadhaar number can apply for allotment of PAN by intimating his Aadhaar number and he or she shall not be required to submit any other documents.