The government has exempted the residents of Jammu and Kashmir, Assam, Meghalaya and citizens above 80 years from mandatory quoting of Aadhaar to obtain PAN cards and file tax returns.
As per the official notification of the Finance Ministry, the exemption has been given to an individual who does not possess the Aadhaar number or the enrolment ID. The exemption will also apply on non-residents and non-citizens.
The government, under the Finance Act 2017, has made it mandatory for taxpayers to quote Aadhaar or enrolment ID of the Aadhaar application form for filing tax returns. Besides, quoting Aadhaar has also been made mandatory for applying for PAN with effect from 1st of July, 2017.
Important Takeaways from above News for BOB PO Exam-
- Aadhaar number is a 12-digit random number issued by the UIDAI to the residents of India
- UIDAI full form is Unique Identification Authority of India
- Shri J. Satyanarayana is part-time Chairman of the UIDAI.
Source- The Indian Express