PAN, Aadhaar interchangeable for filing of IT returns: FM

RBI, Reserve Bank of India, Nirmala Sitharaman, Finance Minister, Rahul Gandhi, The Federal, English news website
Sitharaman said that questioning the credibility of the RBI, which had constituted the Bimal Jalan committee on determining the excess capital, is a "worrying" sign. (File Photo)

Finance Minister Nirmala Sitharaman on Friday (July 5) said PAN and Aadhaar have been made interchangeable, allowing those who do not have PAN to file income tax returns.

Presenting the first budget of the Modi government in its second term, Sitharaman said Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days.

Sitharaman said with a view to incentivising investment in GIFT City, the government proposes several tax benefits.