The apex body for direct taxes has come up with about 100 forms and returns to facilitate the interchangeability of permanent account number (PAN) and Aadhaar number. As part of the process, a notification was issued by the Central Board of Direct Taxes (CBDT) on 7 November 2019.
Upon the announcement of the Union Budget in July 2019, Section 139A of the Income Tax Act, 1961 was amended. The amendment made the interchangeability of PAN and Aadhaar legal. However, the amendment had been pending to give effect to this change in various forms or returns and statements.
CBDT has now issued orders via a notification to amend the income tax rules to enable quoting of the Aadhaar number instead of PAN in various forms and documents as specified as per the laws.
For any clarifications/feedback on the topic, please contact the writer at apoorva.n@cleartax.in
