What is the difference between pan card and aadhar card

This is turn can also help avoid identity fraud, as it will quickly specify that the data i. Right now, Aadhar is voluntary and not mandatory. The government of India has announced that it will stay that way and will not be required from anybody. It has even gone on to state that none of the organizations can demand that people should have an Aadhar Card.

Today, Aadhar is primarily used kerosene and LPG distribution system, as well as for public distribution service, which is used to distribute subsidized food and non-food items to the poor. However, the government has specified that even here Aadhar is voluntary. People can also use them to avail benefits under National Social Assistance Scheme or pension schemes, e-sign, digital locker, or to get a SIM Card and open a bank account.

However, a PAN Card, on the other hand, is mandatory for opening a bank account and for any financial transaction over Rs.

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Premium Premium Taxpayers can now access new I-T annual info statement Subscribe to Mint Newsletters. The acknowledgement number along with the supporting documents and a fee has to be sent to the NSDL office.

PAN or Permanent Account Number is a digit alphanumeric number issued to all the taxpayers and non-taxpayers of the country. It is also issued to foreigners and foreign entities under some guidelines.

Aadhaar Card is voluntary in nature, is issued by the Unique Identification Authority of India, available only to Indian nationals, and is geared for providing socialized services to bona-fide cardholders. The PAN Card is a mandatory requirement for all taxpayers both locals and foreigners alike. The PAN Card First and foremost, the PAN Card is an important instrument in filing income tax returns as well as any other form of tax that are attributed to the economic and financial activities of the person or entity holding the card.

The Aadhaar Card On the other hand, the Aadhaar Card is primarily geared for the establishment of the national identity of the bearer of the card.