The second budget of the second term of the Modi government was presented on February 1, the longest budget in the history of the country, which lasted for 2 hours and 40 minutes, there was a lot of confusion in such a long budget and now the people in this budget like a needle in a pile of straw for themselves Looking for benefits. It is not that everything was difficult, something was easy and that is Permanent Account Number, that is, to make a PAN card, in the budget, Nirmala Sitharaman has announced that now no separate application will have to be made to get a PAN card. No form has to be filled, you will be allotted PAN card after seeing Aadhaar card. This will mean that the person will not have to run for a PAN card nor have to wait long for this, an online system will be brought soon. To file income tax return, transaction and opening of accounts like bank.
A PAN card is required for Best. At present, PAN card was issued through two NGOs named Income Tax Department National Securities Depository Limited and UTI Infrastructure Technology and Services Ltd. In 10 a person got a unique number of 10 characters. It used to be a mixed form of alphabet A to Z and number zero to 9:00. Earlier in November 2019, the Income Tax Department made some changes in the Income Tax Act 1961. According to this change, tax payers can also use 12-digit Aadhaar numbers instead of 10 in their documents. However, with this the Income Tax Department also added a penalty provision. Under this, the provision of penalty of 10000 was added for failing to give Aadhaar or 10 in the required transaction if biometric authentication fails on entering the wrong Aadhaar number, then you will have to pay a fine of 20000.
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