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PAN Cards To Have Biometric Features

By Indiapressagency.com on July 28,2006

image
In a move to make the PAN cards smarter, the Income Tax Department
 is examining the possibility of using biometric features to ensure
 security of the number and its uniqueness in relation to a person.
 
 According to Minister of State for Finance, S.S. Palanimanickam
 there has been growth in the number of PAN cards being issued as the
 government has made quoting of PAN compulsory in all statements and
 returns filed by all income tax returns filers and in all challans
 for payment of direct taxes.
 
 Stock exchange regulator SEBI has also mandated use of PAN for demat
 accounts.

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