PAN Cards To Have Biometric Features

Jul 28,2006 00:00 by reporter
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.