In step with government’s Digital India campaign, the government is planning to introduce an app for applying Permanent Account Number(PAN) and pay taxes using smart phones.
The department is also working on another project on issuing PAN card within minutes by e-KYC authentication using Aadhaar. The new initiative will help bring more people under the tax net by easily getting PAN cards.
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Till date, almost 111 crore Aadhaar numbers has been issued which can be used as an Id for opening bank accounts, getting a new sim, transfer of subsidies and for bio-metric based digital payments under Aadhaar Enabled Payment System.
PAN has been made mandatory now for withdrawing cash and cash of above Rs. 2 lakh. The tax department has newly designed PAN cards with added security features to make them tamper-proof, which is written in both Hindi and English.