People can soon able to pay the taxes and able to get permanent account numbers in minutes through smartphones. To make easy for the taxpayers, the Central Board of Direct Taxes working on issuing the PAN on a real-time basis.
Using Aadhar e-KYC facility, the government plans to issue the PAN (permanent account numbers). Hence, for this individuals have to verify his/her details, i.e., address using bio-metric identification features like a thumb expressions.
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According to the reports, if a sim card can issue through e-KYC the same can be done to issue PAN. The overall process may crunch to five to six minutes from two-three weeks at present. At first, the number will be issued, and the card will deliver later as per the reports.
The Central Board of Direct Taxes (CBDT) and Ministry of Corporate Affairs already tied up to issue the PAN for the companies through a combined form as a part in four hours. The move was taken to implement the real-time issuing of PAN, which becomes the business identification for companies.
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Moreover, the Tax Department is also developing a mobile app which helps to Pay Taxes through online. The app also helps the users to apply for PAN and even track the details of return. Currently, the tax department is offering these services online through its online portal.
By launching the mobile app, people can access the services easily on their smartphones. From 1st January, the department started issuing new PAN cards with added security features with tamper-proof and content written in English and Hindi. As per the government survey, every year 2.5crore people apply for the PAN card and currently above 25 crore cardholders are present in the country.