The Central Board of Direct Taxes (CBDT) has allowed interchangeability between permanent account number (PAN) and Aadhaar number for over 100 forms and returns. In the Union Budget in July, it was announced that Section139A of the Income-tax Act, 1961 has been amended to provide interchangeability of PAN and Aadhaar.But an amendment to implement the changes was pending.
CBDT has now amended the Income-tax Rules, 1962 (Rules), which means a person can use his or her Aadhaar number instead of PAN in various forms and documents.
The Finance Ministry also issued a notification G.S.R.825(E) dated November6 ,that on the basis of the power conferred by section 139A, read with section 295 of the Income-tax Act, 1961 (43of1961), the Central Board of Direct Taxes (CBDT) has made then rules to a mend the Income-tax Rules, 1962.
The government has carried amendment in the various set of income tax forms and also certified that no person is being adversely affected by giving retrospective effect to these amendment rules.
The rules to amend the Income-taxRules,1962 will apply to various forms such as Form Nos. 3AC, 3AD, 8, 10CCB, 10CCBA, 10CCBB, 10CCBBA, 10CCBC etc and for the words and letters ‘Permanent Account No.’, wherever they occur, the words PAN or Aadhaar Number will be substituted.