Wednesday, 13 April 2011

New Biometric PAN Card to tax payers

The Finance Ministry is planning to introduce new biometric Pan (Permanent Account Number) Card to tax payers. This movement is for avoiding duplicate and fake cards and also to ensure that the single taxpayer is not issued multiple Pan Cards.

Permanent Account Number (PAN) is a unique 10 digit number which consist of alphabets and numerical digits for each income tax assessee and it is illegal that a person holds more than one PAN.

This biometric Pan will avoid such circumstances to hold more than one PAN and PAN Card. The new biometric pan card will have two finger prints from each hand and the face of the holder of the card.

It may not mandatory to have new biometric card for the existing PAN card holders. The new card will help to prevent the misuse of PAN Card.

This is a good movement and the tax payers can assure that their identity is not being misused and also good for the Income Tax Department to ensure that there is no duplication and fake use of PAN number and PAN Card.

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