In the General Budget 2023, Finance Minister Nirmala Sitharaman has increased the stature of PAN card. By the way, PAN has been considered necessary for tax payers. So that financial transactions can be detected. But now PAN card can also be shown as an identity card. That is, after Aadhaar, now you can come anywhere by keeping PAN with you as an identity card.
New Delhi: If you use PAN card then you do not need to keep PAN card at home. Because now PAN card will be valid in the whole country as an identity card. In Budget 2023, Finance Minister Nirmala Sitharaman has given a new identity to PAN card. The use of PAN card will be common for all. Now PAN card can be used as an identity card. Business can also be started with PAN card only.
Who issues PAN card: Income Tax Department issues PAN card to every person in India. With the help of PAN, the person paying income tax is known. In such a situation, PAN card is necessary for income tax return, taking mutual funds and loans.
PAN card has now become an identity card: By the way, PAN card is considered as an identity card. But after the announcement in the budget of Finance Minister Nirmala Sitharaman, it has got recognition for recognition in many other places as well. It is mandatory to have a PAN card for some works such as income tax return, mutual fund investment, applying for a loan. However, the main purpose of issuing a PAN card is to keep everyone’s financial information in order to meet tax related goals.
People have a lot of expectations regarding the budget: Let us tell you that there is curiosity in every general and special about the budget. After recovering from the troubles of Corona, now people have high expectations from the government. Union Finance Minister Nirmala Sitharaman is presenting the budget in the Parliament.