PAN Card is a very important document in today’s time. It is used in almost every important work related to money.
In such a situation, a question arises in the minds of many people that whether PAN card is necessary for senior citizens to file ITR? Can a senior citizen file his/her ITR without PAN card or not? Let us know the answer to this question.
Can senior citizens file ITR without PAN?
This can be understood through an example. Let us assume that a senior citizen had deposited his money in FDs of different banks. Now he had also submitted 15G form to avoid tax deduction. But due to lack of PAN, the bank deducted tax at the rate of 20 percent. Now the bank advised him to file ITR for refund.
Now, according to Section 206AA of the Income Tax Act, if PAN is not available, the bank can deduct tax at the rate of 20 percent. Even if Form 15G is submitted. In such a situation, it is necessary for any senior citizen to submit Form 15H.
You cannot file ITR without PAN
Please note that ITR cannot be filed without PAN. To claim refund of tax already deducted by the bank, it is necessary to file ITR. In such a situation, if you do not have PAN, then to file ITR you will have to first apply for PAN. However, if you have Aadhaar number then you can use it in place of PAN. A senior citizen can submit the TDS return to the bank with a request to update it by writing PAN or Aadhaar number in front of his name.
