New Delhi, Jul 5 : In a major announcement, Finance Minister Nirmala Sitharaman on Friday said that PAN and Aadhaar cards will be interchangeable.
'For ease and convenience of taxpayers, I propose to make PAN and Aadhaar interchangeable and allow those who do not have PAN cards to file income tax returns by simply quoting their Aadhaar number,' Ms Sitharaman said while presenting her maiden speech in the Lok Sabha. She said that to resolve the Income Tax issue, start-ups who file declarations will not be subjected to scrutiny in valuation.
'Start-ups are taking firm roots.To resolve angel tax issue start-ups who file declarations will not be subjected to scrutiny in valuation,' she said. (UNI)