Tax dept gets 15-25 lakh PAN requests every week
6 Feb 2018 11:43 PM IST
New Delhi: The Income-Tax Department (ITD) receives 15-25 lakh Permanent Account Number (PAN) applications per week, and takes a few hours to two weeks to allot the 10-digit alphanumeric identifier, the government has informed Parliament.
The allotment of PAN is being carried out by the tax department through two service providers, NSDL e-Gov and UTIITSL, which collect applications, process them, digitise the data and submit the same to ITD for final allotment of PANs. Subsequently, physical PAN card and/or e-PAN card is issued to the applicant. "Presently, on an average, 15-25 lakh PAN applications are being received per week.
"The time taken for processing these applications and allotment of PAN generally ranges from few hours to two weeks," Minister of State for Finance Shiv Pratap Shukla said.
As on January 28, 2018, a total of 20,73,434 applications were under process/pending for allotment of PAN and issuance of PAN card, the minister said.
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