.....Finance ministry officials said there were some gaps in the current process and the idea was to make the system foolproof and robust. A notification to this effect could be issued next week and the new rule would come into effect immediately after that. It will apply only to fresh applicants. According to rule 114 of the I-T rules, depository account statement, bank account statement /passbook, ration card, passport, voter identity card, driving licence, property tax assessment order and a certificate signed by an MP or a member of Legislative Assembly or a municipal councillor or a gazetted officer are accepted as proof of identity as well as address............
Read | Business Standard
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