Biometric PAN cards soon: Chidambaram

All the new Income-Tax payers in the country will soon begin to get biometric permanent account number (PAN) cards.

NEW DELHI: All the new Income-Tax payers in the country will soon begin to get biometric permanent account number (PAN) cards with enhanced security features like fingerprints or retinal scans, aimed at checking duplicate cards and better tax compliance.

“The process of eliminating about 13 lakh duplicate PAN cards is in last mile. Once that process is completed shortly, then we will set a date, after which all new PAN cards will only be biometric,” finance minister P Chidambaram said after inaugurating the national conference of chief Income-Tax commissioners. When asked whether the date of launching biometric PANs could be October, he said, “it could be”.

Referring to the fate of current PAN card holders, Chidambaram said, “They will be persuaded to switch over to biometric PAN cards in their own interest. Earlier PAN cards will, of course, remain valid.” Finance ministry had earlier set up an internal group to finalise the norms for introduction of biometric PANs. The ministry is hoping to introduce iris-based biometric PANs to all new applicants once the present data about PAN cards is updated.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Wealth › Personal Finance News › Biometric PAN cards soon: Chidambaram
Text Size:AAA
Success
This article has been saved

*

+