Income Tax department gets new tech tool to identify, kill duplicate PAN
The income tax department has recently come up with a new technology tool that helps in checking the duplicity of the PAN cards and which also allows to kill the duplicate or second PAN card. This smart technology tool is called as “Income Tax Business Application-Permanent Account Number (ITBA-PAN)” that was that was put in to operation by the department. This would help both the taxman along with the mediators who issues the PAN card to identity the duplicate numbers each time a new application of the unique identity of PAN card is received by their websites.
Preventing the Duplicate PAN Cards Using New Electronic System
Some of the authorities had said that, earlier the Income Tax Department used a manual system to check the duplicity of the PAN cards which is not that perfect. But, he said that this new technology electronic system is much accurate and replaces the old method of checking the duplicate PAN cards. But in case of the old PAN cards, the manual method would be using said the authorities. The official also added that, there are not much of such old duplicate PAN cards and that they will be picking them out as soon as they get the details.
As the government has come with the new rule making that PAN card is mandatory for those people who wanted to make transactions more than 2 lakhs, there have been many registrations of the PAN cards in the country i.e., as of now there are nearly 24.37 crore PANs in the country and there is no particular number on the duplicate PANs as per the reports. But, with the existence of the new method for detecting as well as removing the Duplicate PAN Cards, many of such cards present now would be deleted which as per CDBT is a good thing for extending the tax net using non-invasive methods.