ID, India, tax

India: Income tax department sees value in UID

I-T department exploring ways to seed PAN with Aadhaar (Live Mint)

The income tax department is exploring ways to hasten the pace of seeding permanent account number, or PAN, with the unique identity number Aadhaar, a move that will weed out duplicate PANs and help the government’s drive against tax evaders.

This would allow the Income Tax Department to maintain its own ID numbering system for its own purposes — they may tax entities such as corporations that don’t have biometrics, after all — while harnessing Aadhaar for detecting tax fraud among individuals.

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