I-T dept. to lauch app for paying tax

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In step with government’s digital India drive, the Income Tax department is developing an app that will soon allow assesses to pay taxes or apply for PAN using smart phones.

** The department is also working on a project to issue PAN to assess within minutes by way of e-KYC authentication using Aadhaar, a move that will help bring more people under the tax net by making it easier for people to get Permanent Account Numbers.

** The app concept is at a preliminary stage. The app will enable assesses to pay taxes online, apply for PAN or track tax returns. Pilot project will be undertaken after getting approval from the Finance Ministry

** 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 Aadhar 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.

** As per the government estimate, every year 2.5 crore people across the country apply for PAN cards. There are currently more than 25 crore PAN cardholders in the country.

** Government has made PAN quoting mandatory for cash withdrawals of Rs 50,000 and cash purchase of above Rs 2 lakh.

** Beginning January 1, the tax department has started issuing newly designed PAN cards that have added security features to make them tamper-proof and with contents written in both Hindi and English.

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