SHORT ANSWER:
Yes, Aadhaar is mandatory for obtaining a PAN card.
DETAILS:
- As per the Income Tax Act, 1961, it is required to link Aadhaar with PAN.
- This rule helps in reducing tax evasion and ensuring accurate identification.
PUNISHMENT / IMPLICATIONS (if applicable):
- Failure to link Aadhaar with PAN may result in the PAN becoming inoperative.
SOURCE:
- Income Tax Act, 1961
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