Practicing Success
According to the Union Budget of 2019, which two cards are interchangeable for electronic tax assessments? |
Driving License and Aadhar Card PAN card and Aadhar card Aadhar card and Voter ID card PAN card and Voter ID card |
PAN card and Aadhar card |
The correct answer is Option (2) → PAN card and Aadhar card The Union Budget of 2019 announced that Aadhaar card and PAN card would be interchangeable for electronic tax assessments. This means that taxpayers can use either their Aadhaar number or PAN (Permanent Account Number) for various financial transactions and tax-related purposes, such as filing income tax returns, linking bank accounts, and verifying their identity. This move aimed to simplify the tax system and provide flexibility to taxpayers in using these identification documents for electronic transactions and compliance with tax regulations. |