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11.44 Lakh PANs deactivated: Centre
By: Tupaki Desk | 2 Aug 2017 10:06 AM GMT
Around 11.44 lakh Permanent Account Numbers (PANs) were deactivated as on July 27th this year on grounds that multiple PANs had been allotted for a single person.
In a written reply to the Rajya Sabha, Minister of State for Finance Santosh Kumar Gangwar disclosed 11,44, 211 PANs have been deleted in cases where more than one PAN was allotted to a single individual. 'A person can have only one PAN,' he clarified.
Centre informed 1,566 PANs are identified as 'fake' on grounds that either those allotted are non-existent or got registered with false identities.
Mr.Gangwar told IT Department seized Rs 900 crore and found Rs 7,961 crore of undisclosed income from November 2016 to March 2017. He adds, 'As part of 'Operation Clean Money', 18 lakh persons whose cash transactions didn't match their tax profile were contacted through email or SMS. More than 9.27 lakh responses were received and information of 13.33 lakh accounts pertaining to cash deposits of Rs 2.89 lakh crore were collected. About 400 individuals were identified for alleged wrong doings and that information was shared with other Law Enforcement Agencies. In addition, 5.56 lakh new cases were identified using Advance Data Analytics'.
In a written reply to the Rajya Sabha, Minister of State for Finance Santosh Kumar Gangwar disclosed 11,44, 211 PANs have been deleted in cases where more than one PAN was allotted to a single individual. 'A person can have only one PAN,' he clarified.
Centre informed 1,566 PANs are identified as 'fake' on grounds that either those allotted are non-existent or got registered with false identities.
Mr.Gangwar told IT Department seized Rs 900 crore and found Rs 7,961 crore of undisclosed income from November 2016 to March 2017. He adds, 'As part of 'Operation Clean Money', 18 lakh persons whose cash transactions didn't match their tax profile were contacted through email or SMS. More than 9.27 lakh responses were received and information of 13.33 lakh accounts pertaining to cash deposits of Rs 2.89 lakh crore were collected. About 400 individuals were identified for alleged wrong doings and that information was shared with other Law Enforcement Agencies. In addition, 5.56 lakh new cases were identified using Advance Data Analytics'.
