Aadhaar Mandatory For Bank Accounts – Rakesh Nangia / Suraj Nangia
Anyone looking to open a bank account will have to furnish his Aadhaar number along with the income tax permanent account number (PAN). The Aadhaar will also be needed for any financial transaction above Rs 50,000, underscoring the increasing degree to which the biometric identity is becoming the cornerstone of government measures to curb unaccounted income along with PAN.
- Rakesh Nangia, Managing Partner shares his views on aforementioned story for following publications:
- Economic Times: Front page – First Story
(This story has been picked up 475 other news publications like Hindu Business Line, Deccan herald, DNA, Business Today, NDTV, The Poineer, Financial Chronicle etc.)
- Suraj Nangia, Partner shares his views on This is how tenants have to collect TDS on the rent they pay to landlords for LiveMINT.