[ad_1]
Pan Card Holders For Union Budget 2023: Union Finance Minister Nirmala Sitharaman in Parliament today year 2023The budget of 2023 (Budget 2023-24) has been presented. Many big announcements have been made in this budget. Finance Minister Sitharaman has given a new identity to the PAN card in the budget 2023. Now the use of PAN card will be common for all. Now you can use PAN card as a Common Identifier. Also, at the beginning of any business, there is a need for a PAN card. Know what is the new update…
pan card will be valid for identity card
Finance Minister Nirmala Sitharaman informed the House on Wednesday that, if you use the PAN card, then you do not need to keep the PAN card at home. Because now PAN card has been accepted as an identity card in the whole country. Sitharaman said that PAN card can be used for common identification for all digital systems of government agencies. This will promote Ease of Doing Business in the country. Also, PAN card is a 10-digit alphanumeric number, which can be allotted to any person, firm or institution by the Income Tax Department.
what is pan card
The Income Tax Department in the country issues PAN card to every citizen. With the help of PAN, you can pay Income Tax. Now PAN card can be used as an identity card for Indians.
Will be used in these places
You must have PAN card compulsorily for some works. You use it for income tax return, taking mutual funds and applying for a loan. Along with this, it is very important to have PAN card for taking income tax return, mutual fund investment, loan.
reduced the legal provisions
Giving information, the minister said that more than 39,000 compliances have been diluted across the country and more than 3,400 legal provisions have been diluted. In order to take forward the governance based on trust, we have introduced Jan Vishwas Bill to amend 42 Central Acts.
Also read:
[ad_2]
Source link