PAN-Aadhaar Linking
Definition
The Indian requirement to link the Permanent Account Number with the Aadhaar identity number. An unlinked PAN can become inoperative, affecting return filing, refunds and TDS rates.
Related Terms in India GST
Faceless Assessment
An Indian income-tax process where assessments are carried out electronically without the taxpayer meeting an officer, aimed at reducing discretion and improving transparency.
Tax Residency Certificate (TRC)
A certificate from a taxpayer's home country confirming residency, used to claim benefits under a double-taxation treaty on cross-border income. It is often required to apply a reduced withholding rate.
Section 44AE (Transporters)
A presumptive taxation scheme for small goods-transport operators in India, taxing income at a prescribed amount per vehicle per month rather than on actual profit, within a limit on the number of vehicles owned.
GST (Goods and Services Tax)
India's unified indirect tax replacing multiple central and state taxes. After the GST 2.0 rationalisation (effective 22 September 2025) it applies at 0%, 5%, 18%, and 40% rate slabs, plus special rates for precious stones and metals (0.25% / 1.5% / 3%). Includes CGST (central), SGST (state), and IGST (inter-state). HelloBooks fully supports GST compliance.
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