Link PAN cards with bank details

Link PAN cards with bank details
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Highlights

Problems are experienced in getting Income Tax refunds whenever some assessee changes bank other than that mentioned in Income Tax returns Many banks are in process of changing accountnumbers due to technical reasons In such cases, refunds sent electronically are bounced back causing great difficulty to the assesses S

Problems are experienced in getting Income Tax refunds whenever some assessee changes bank other than that mentioned in Income Tax returns. Many banks are in process of changing account-numbers due to technical reasons. In such cases, refunds sent electronically are bounced back causing great difficulty to the assesses. System should be modified whereby all possible details about PAN-card holder including bank-details, passport-details, mobile-number, e-mail ID, Aadhaar-details, voter-card number and all other available details are registered in data of PAN-cards with Income Tax department.

Provision should be there whereby PAN-card holder may be able to modify or change any of the details by getting One-Time-Password (OTP) on mobile-numbers and uploading relevant documents for verification on website like can be done for modifying details in Aadhar-cards. PAN-card then can also be used as single identity-card with all details in case of need. Providing such details especially of passports will enable tax-enforcing-authorities to impound passports in case of need cautioning agencies at all exit points from the country.

- Subhash Chandra Agrawal, Delhi

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