Union Budget 2023-24 latest news: Personal Account Number (PAN) will be used as a common identifier for all digital systems of specified government agencies, Union Finance Minister Nirmala Sitharaman announced while tabling Budget 2023-24 on Wednesday. The step is likely to help in better tax administration and ease of doing business for industry.
"PAN to be a Common Business Identifier for all digital systems. This is an step towards inter-department data sharing of a taxpayer between various government organisations which is likely to help in better tax administration and ease of doing business for industry," said Saurabh Agarwal, Tax Partner, EY.
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