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Budget FY27: TIN to be mandatory for opening bank accounts | Collector
Budget FY27: TIN to be mandatory for opening bank accounts

Budget FY27: TIN to be mandatory for opening bank accounts

The government has taken the initiative to make Taxpayer Identification Number (TIN) mandatory for opening and operating bank accounts in order to expand the tax net and increase transparency in financial transactions. Having a TIN may be made mandatory not only for opening new accounts, but also for keeping existing bank accounts active. Sources concerned at the National Board of Revenue... Details

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