Govt plans to make PAN universal

The government will soon launch a facility under which a PAN card will be issued to all citizens, as per media reports.

Zee Media Bureau

New Delhi: The government will soon launch a nation-wide facility under which a PAN card will be issued to all citizens, as per media reports.

PAN ( Permanent Account Number) is a 10-digit alphanumeric number, issued in the form of a laminated card by the Income Tax Department.

Also Read-How to get new PAN card online

As per reports, special camps will be organised throughout the country, including rural areas, to help people get PAN cards.

Recently, the Central Board of Direct Taxes (CBDT), the apex policy-making body of the I-T Department, had issued a notification making the Elector's Photo Identity Card (EPIC) and Aadhaar valid proofs of "date of birth" for obtaining a PAN card.

PAN is required for filing return of income, sale or purchase of any immovable property beyond a certain amount, and sale or purchase of a motor vehicle, among others.

The Finance Act 2015 proposes quoting PAN mandatory for buying jewellery valued at Rs 1 lakh or more.

With Agency inputs

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