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PAN card costlier

New Delhi, Jan. 28: The cost of getting a PAN (permanent account number) card will go up by Rs 11 to Rs 105. Besides, the income-tax department has started a new verification process to prevent the issue of multiple cards.

“The cost of getting a new PAN card, including all taxes, is Rs 105. The service charge has been kept unchanged,” a finance ministry official said.

PAN is a 10-digit alphanumeric number allotted by the I-T department to tax payers.

From February 3, the Central Board of Direct Taxes has notified that applicants wanting PAN cards will have to furnish copies of proof of identity, address and date of birth with their application forms. These will be checked against their original documents when applications are submitted at PAN facilitation centres.

“The new procedures of checking original documents for proving date of birth, address and identity have been brought in to check the complaints of fake PAN cards, or multiple cards, obtained by any entity,” official said.

While the original documents will be returned to applicants after on-the-spot verification, the applicant has to self-attest the photocopies.

Earlier, individuals were not asked to furnish original documents.

The I-T department, in a number of cases, has found a number of individuals possessing multiple PAN cards, or forging details, to evade taxes and create benami properties.

 
 
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