Tax dept app to track refunds; plans to issue PAN in real time
The I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on real time basis using Aadhaar biometric. "Income Tax department is considering issuing of Permanent Account Number (PAN) on a real time basis using Aadhaar's e-KYC facility. The proposal is at an initial stage of consideration," Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha on Friday.
Besides, he said a mobile app "for paying taxes online has been developed. The mobile application has the functionality to pay taxes and track refunds". He said the PAN allotment system of the I-T department is integrated with the Ministry of Corporate Affairs' portal for allotment at the time of incorporation of a company.
"A turn-around-time of 4 hours is prescribed for allotment of PAN after receipt of PAN application from MCA portal to PAN service provider NSDL eGov portal," he said.