Experts say that this step of Aadhaar-based verification has been taken to promote digitization and ensure accountability and compliance in tax filing.
If you are thinking of getting a new PAN card for yourself or a family member, then definitely read this news. You will have to have Aadhaar to get a PAN card. The Central Board of Direct Taxes (CBDT) has implemented a new rule. Under this, Aadhaar number and Aadhaar verification will be required for a new Permanent Account Number (PAN) card from July 1. Let us tell you that till now Aadhaar was not necessary to make a PAN card. Any valid identity card and birth certificate was enough for this. But under the new rule, Aadhaar has now been made mandatory.
Why this change was made
Experts say that this step of Aadhaar-based verification has been taken to promote digitization and ensure accountability and compliance in tax filing. This will help in preventing tax evasion. Along with this, strict action can be taken against those who hide income. Let us tell you that for existing PAN card holders, the last date to link Aadhaar with PAN is December 31, 2025, without any penalty. PANs not linked to Aadhaar will be deactivated from next year.
Will not be able to make fake PAN
Experts say that making Aadhaar mandatory for making PAN will stop fake PAN. Even now many fraudsters are doing wrong things by making fake PAN. Now all this will not be possible due to Aadhaar biometric. According to the Income Tax Department, no person is allowed to have more than one PAN card. If someone is found to have more than one PAN, then a fine of Rs 10,000 can be imposed on him.
