Good news for taxpayers. Very soon people will get a Permanent Account Number in just minutes and you will be able to pay income tax through your smartphones.
Central Board of Direct Taxes will soon issue PAN on a real-time basis using Aadhaar's e-KYC facility. With the help of this, an individual will be able to verify their details such as address using biometric identification features like thumb impressions.
The CBDT and the ministry had earlier started issuing PAN to new companies incorporating through a combined form in four hours. The idea of issuing real-time PAN will also become the business identification number for companies.
The tax department is also working on an app that will help you to pay taxes online and will help you perform a host of other services such as applying for PAN or tracking your returns.
This design will definitely help taxpayers, and the app will make the life easy for people.
News Source: timesofindia
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