180 Million PANs Could Become Defunct if Not Linked to Aadhaar Before March 31

Using the Statement of Financial Transaction (SFT), earlier called Annual Information Return (AIR), the I-T department will track those individuals who spend extravagantly on luxuries but underreport their income, thus avoiding to pay large sums in taxes.

from Top India News- News18.com https://ift.tt/31hqofu