Income Tax Dept soon to issue Pan cards using Aadhar biometric on real time basis
 Source : News Bharati English  Date : 12-Mar-2017

New Delhi, March 12: Due to digitalization our smartphones have become the easiest mode of transactions. The Income-Tax department has developed a mobile app for paying taxes and tracking refunds and now is considering issuing Pan Cards on real time basis using Aadhaar biometric.“Income Tax department is considering issuing of Permanent Account Number (Pan) on a real time basis using Aadhaar’s e-KYC facility. The proposal is at an initial stage of consideration,” Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha. He also said that the Pan Allotment system of the I-T department is integrated with the Ministry of Corporate Affairs’ portal for allotment at the time of incorporation of a company.

“A turn-around-time of 4 hours is prescribed for allotment of Pan after receipt of Pan Application from MCA portal to Pan Service provider NSDL eGov portal,” he said. “Also, online paperless Pan Application facility using Aadhaar based e-KYC and e-signature is available through the websites of Pan Services providers NSDL eGov and UTIITSL. In this facility, Aadhaar data is used for allotment of Pan and there is no need to upload scanned copies of any document,” he added.

The Aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for Pan to verify details such as date of birth or address by way of biometric identification using thumb impressions. So far, more than 111 crore Aadhaar numbers have been issued. The unique identification number is being used for getting a new SIM card, for opening bank accounts; transfer of subsidies and also for biometric-based digital payments under Aadhaar Enabled Payment System.