PAN to be most potent tool against tax evasion: I-T Dept

Last Updated: Sunday, February 5, 2012, 10:14

Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country.

Taxpayers fail to keep pace with PAN card holders

Last Updated: Sunday, September 4, 2011, 17:35

Disconnect between PAN card holders and taxpayers in India is growing bigger by the day.

IT department to check PAN card details in Koda case

Last Updated: Wednesday, November 11, 2009, 19:13

The Income Tax department, investigating allegations of hawala transactions and investments by former Jharkhand chief minister Madhu Koda, is verifying details of PAN cards found during searches in connection with the probe.

PAN mandatory for customers paying annual premium over 1 lakh

Last Updated: Friday, July 24, 2009, 21:27

Insurance regulator IRDA on Friday made it mandatory for insurers to collect permanent account numbers (PANs) of every customer paying an annual premium of over Rs 1 lakh, a move designed as a part of know your customer norms.