Under section 262 of the Income-tax Act, 2025, which of the following must an employed individual, who…
Section 262(3) of the Income-tax Act, 2025 requires every person to quote his Permanent Account Number (PAN) in all his returns to, or correspondence with, any income-tax…
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Under section 262 of the Income-tax Act, 2025, which of the following must an employed individual, who has been allotted a Permanent Account Number and is eligible to obtain an Aadhaar number, quote in his return of income ?
(a) Aadhaar number
(b) Permanent Account Number
(c) Electoral Photo Identity Card (Voter ID) number
Answer and explanation
Correct answer B
Section 262(3) of the Income-tax Act, 2025 requires every person to quote his Permanent Account Number (PAN) in all his returns to, or correspondence with, any income-tax authority. Section 262(5) requires every person who is eligible to obtain an Aadhaar number to quote it in the application for allotment of PAN and in the return of income (formerly s.139AA of the Income-tax Act, 1961). If a PAN holder fails to intimate his Aadhaar number, his PAN is made inoperative under section 262(6)(b). So both the Aadhaar number (a) and the PAN (b) must be quoted. Neither provision requires the Voter ID number (c), so the options that include (c) are wrong, and '(a) only' leaves out the PAN.
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