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Saturday , 19 January 2019
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Over 1 million PANs with fake identities deleted

More than one million permanent account numbers (PANs) were deleted or de-activated by the government, in a move to check fake identities. Reportedly, as on July 27, 11,44,211 duplicate PANS have been identified, said Indian Express. PAN is the key identifier of taxable entity and aggregator of all financial transactions undertaken by one person.

As per government rules, a person cannot be registered with more than one PAN number. The Indian Express reported that the government also detected fake PAN cards which were allotted to non-existing individuals or to people who have submitted false information about themselves.

In the current financial year (till June end) the income tax department conducted searches in 102 groups, seizing assets worth Rs 103 crore. Referring to the launch of ‘Operation Clean Money’ on January 31, Gangwar said about 1.8 million persons whose cash transactions did not appear in line with their tax profile were identified and approached through email/SMS.

Over 9.27 lakh responses were received giving information on 13.33 lakh accounts involving cash deposits of around Rs 2.89 lakh crore.

“Advance data analytics tools were deployed which further identified 5.56 lakhs new cases and about 1 lakh those cases in which either partial or no response was received in the earlier phase. Besides, about 200 high risk clusters of persons were identified for appropriate action,” the minister added.

The deactivation of PANs also comes as a reminder as the last date to link your PAN with Aadhaar is August 31. Here is how you can use the SMS facility to link Aadhaar with PAN

Send SMS to 567678 or 56161 in following format:

UIDPAN<SPACE><12 digit Aadhaar><Space><10 digit PAN>


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