A person’s signature can simply be imitated, whereas may also be simply tampered with, so new and modern methods are being devised by the federal government to reduce frauds. The federal government has determined to difficulty Biometric PAN Card to weed out frauds and fakes pan card name change after marriage.
By Biometrics, particular elements of the human physique are mapped to generate a singular signature for each particular person. This was earlier utilized in finger-printing, however at this time it has enfolded palm printing, measurements of the hand iris and retinal scans, and many others.
Within the wake of a latest CAG report submitted to the Revenue tax division, they had been suggested to verify no single income-tax payer is issued a number of playing cards. It was then that the finance ministry took the choice of issuing biometric PAN playing cards.
This new biometric card will bear not one however two fingerprints of every hand and the mapping of the face of the Revenue-Tax assessee.
In keeping with a senior official of the IT division, it’s not necessary to have a biometric card. For all those that have already got a one, they could or could not have a biometric PAN card. It’s completely on the particular person’s discretion.
This proposal had been stalled by the Revenue Tax Division and the finance ministry to keep away from duplication with the Distinctive Identification numbers to be issued by the Distinctive Identification Authority of India (UIDAI). However now in response to the model of prime sources from the finance ministry, “The biometric undertaking is on once more. The step will likely be crucial in relation to stopping the misuse of this very important identification doc.”
In 2006, it was the then Finance Minister Mr. P Chidambaram, who had proposed the biometric PAN card, after many frauds about duplicate ones had been uncovered by police and IT raids.
In keeping with the CAG report introduced within the Parliament for the 12 months 2010-11 not too long ago, it was discovered that until March 2010, 958 lac PAN playing cards had been issued however solely 340.9 lac Revenue Tax returns had been filed in that fiscal 12 months which implies a niche of 617.1 lac between the variety of returns filed and the PAN card holders.
In keeping with CAG, this discrepancy should have been attributable to a number of PAN playing cards having been issued, or attributable to unreported deaths of a few of the PAN card holders. It additionally stated that, “The (I-T) division must put in place acceptable controls to weed out the duplicate ones and in addition replace the place in respect of deceased assessees.”
After plenty of hurdles and hiccups, the plan has lastly been set rolling, and a set of those biometric playing cards will supposedly be issued by the tip of this 12 months, as talked about by our Finance Minister in a press convention this July. He additionally stated that outdated playing cards will likely be re-issued anew.
The 12 months is about to finish however the plan has nonetheless not been carried out. The ministries efforts to scale back PAN and tax fraud have began paying off to some extent. Almost ‘3600 profiling’ of taxpayers has been mooted and tried in New Delhi, offering nice safety to the monetary transactions and a lift to 1’s confidence.