Over 11.44 Lakh PANs deactivated, says Santosh Kumar Gangwar

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New Delhi: Parliament was informed on Tuesday that, over 11.44 lakh permanent account numbers (PANs) were removed or de-activated in cases where several PANs were originate allotted to one person. This was informed by Santosh Kumar Gangwar (Minister of State for Finance) in a written reply to the Rajya Sabha.

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The minister further conveyed that on July 27, 11,44,211 PANs have been recognized and de-activated in cases where several PANs were found allotted to one person. PAN card is the main identifier of taxable entity of all financial transactions undertaken by a person. Gangwar further added that one PAN for one person is the guiding principle for allotment of PAN.

The facility to delete or de-activate the PAN is accessible with the Assessing Officer through application software. Gangwar said the Income Tax Department directed searches in 900 gatherings of people amid November 2016 to March 2017, prompting seizure of Rs 900 crore and confirmation of undisclosed pay of Rs 7,961 crore.

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Moreover, 8,239 reviews were directed prompting recognition of undisclosed wage of Rs 6,745 crore. “Data of different sorts of wrong-doings by around 400 people was additionally imparted to other law implementation organizations, for example, Enforcement Directorate and Central Bureau of Investigation for proper activity,” he said.

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He additionally said amid the flow money related year (till June end) the division directed ventures in 102 gatherings, seizing resources worth Rs 103 crore. Alluding to the dispatch of ‘Operation Clean Money’ on January 31, Gangwar said in regards to 18 lakh people whose money exchanges did not show up in accordance with their expense profile were distinguished and drawn closer through email/SMS. More than 9.27 lakh reactions were gotten giving data on 13.33 lakh accounts including money stores of around Rs 2.89 lakh crore.

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