The Central Board of Direct Taxes (CBDT) is on its way to bring out more reforms. The CBDT is working on issuing PAN on a real time basis using Aadhaar’s e-KYC facility.
With this you may soon be able to get a permanent account number in minutes and also pay income tax through your smartphone in minutes. The Government is developing an app to pay the taxes online.
As part of its drive to make the financial life easy for its citizens, the CBDT is working on issuing PAN on a real time basis with the help of Aadhaar’s e-KYC facility.
This will allow the individual tax payers to verify their own details using biometric verification like thumb impression. More details are awaited and will be updated soon. At present it takes two – three weeks to get a PAN card. The Government will reduce this time to five – six hours through e-KYC.