Over 11.44 Lakhs PANs Deactivated: Govt

August 3, 2017
99 Views

More than 11.44 lakh permanent account numbers (PANs) were deleted or de-activated in cases where multiple PANs were found allotted to one person, Parliament was informed on Tuesday.
This was informed by Minister of State for Finance Santosh Kumar Gangwar in a written reply to the Rajya Sabha.
“As on July 27, 11,44,211 PANs have been identified and deleted or de-activated in cases where multiple PANs were found allotted to one person,” the minister said.
PAN is the key identifier of taxable entity and aggregator of all financial transactions undertaken by one person.
“One PAN for one person is the guiding principle for allotment of PAN,” Gangwar said.

Source: PTI

Leave A Comment