Aadhaar Mandatory for Filing ITR to Stop Evasion: Arun Jaitley
Finance Minister Arun Jaitley has today said that Aadhar Card is mandatory for filling up the tax returns (ITR) to control evasion and frauds. In Lok Sabha meeting, BJD part addressed to finance Minister Arun Jaitley that whether the govt was constraining the general public to have the Aadhaar number by making it mandatory. He stated they have precluded the imposing any tax on the farming wage. Mr. Jaitley was answering to the financial bill 2017 which had later gone by the house along with 40 official corrections, in that diminishing the money transactions from 3 lakhs to 2 lakhs from April first is one of the changes.
After the bill had passed, the opposition party Congress has addressed about Aadhaar issue and up to now government didn’t have any dedication to removing the farm loan. In these alterations, they also specified a proposition of propelling electoral bonds. The top of diminishing as far as possible and acquainting appointive securities assists with stop the era of black money.
To support the cashless transactions, they have lessened the limit. In this, they restricted that subsidizing ought to be as the digital cheque and cash donations restricted to Rs 2000. BJD party has contradicted to their suggestion that linking Aadhaar card is required to the PAN card for filing income tax returns and making PAN application. However, the Government said Aadhaar have biometric details, so they are fewer instances of mis-using, and he also stated , to clean the society this framework is compulsory.