Aadhaar: To prevent PAN misuse and duplication, starting October 1, provisions allowing the use of an Aadhaar Enrollment ID in place of an Aadhaar number, as well as Aadhaar details in ITRs and PAN applications, will no longer apply.

The Centre's decision to end the option of using the Aadhaar enrollment ID in place of the Aadhaar number will take effect on October 1. Starting next month, individuals will no longer need to provide their Aadhaar enrollment ID in PAN allotment documents or when filing income tax returns.

Announced during the Union Budget 2024, these changes aim to streamline tax processes, provide relief in certain areas, and tighten measures in others

The Centre's decision to discontinue the provision of allowing the mention of the Aadhaar enrollment ID instead of the Aadhaar number will come into effect on October 1.

Starting from October 1, 2024, several tax-related changes, introduced in the financial year 2024-25 budget, will come into effect. One key update is the increase in the Securities Transaction Tax (STT) for future and options trading,

Starting October, significant changes in income tax, Aadhaar Card rules, and TDS on mutual funds and rents will be implemented. Key updates include the discontinuation of Aadhaar enrollment ID in PAN documents and revised TDS rates for government bonds and life insurance policies.