Good News– A new app has been going to be launched by Government of India through which people will soon be able to pay taxes and track their returns through a smartphone app and get a new PAN within minutes using Aadhaar verification (Must Required). This app is being developed by Income tax department of india with a feature to apply for PAN card using smartphones.
Now the concept of the app is being developed.The app concept is at a preliminary stage. It will enable a way to pay taxes online, apply for PAN or track tax returns. Pilot project will be undertaken after getting approval from the Finance Ministry. – According to a senior officer. Under this app the department will show a project to isssue PAN Card within minutes by way of e-KYC authentication using Aadhaar, a move that will help bring more people under the tax net by making it easier for people to get Permanent Account Numbers.The Income Tax department is working right now on this project.
Aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification using thumb impressions. So far in the country, more than 111 crore Aadhaar numbers have been issued.
The unique identification number is being used for getting a new SIM card, for opening bank accounts, transfer of subsidies and also for biometric based digital payments under Aadhaar Enabled Payment System.Right now stats as per government are estimates, every year 2.5 crore people across the country apply for PAN cards. There are currently more than 25 crore PAN cardholders in the country.