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finance minister mango Presenting the budget. During the general budget speech, Finance Minister Nirmala Sitharaman has made a big announcement regarding the use of PAN card. The Finance Minister said that PAN will be made a common business identifier. That is, PAN will be used in all transactions. If you want to use it in digital payment, then you have to give PAN number. Apart from this, it will be necessary to use PAN to register in the UPI app. Without this you will not be able to login to the UPI app. You will be required to provide PAN number in all types of transactions.
It will also be necessary to start a business
The Finance Minister said that PAN will be made the main basis for starting a business. That is, if you want to start a new business, then you must already have a PAN number. Without this you will not be able to start the business.
why increasing use
Financial experts say that with the increase in digital transactions, tax evasion has stopped. Despite this, tax evasion is going on. To prevent this, the scope of PAN is now being extended. Linking with PAN will make it difficult for anyone to evade tax.
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