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Nagarajan Iyer

Fraudulent use of PAN number in high value purchases.

I would like to address the issue of fraudulent use of PAN number by unscrupulous persons without the knowledge of the card holder.
I wish a SMS should be sent for each of the transaction to the card holder once the pan number is keyed in by the merchants. more  

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Rajesh Bhardwaj (Expert in income tax and vigilance matters)
Sir/ Madam, in view of the concern expressed by panelists for misuse of PAN by unscrupulous persons, I wish to bring to notice that CBDT in January, 2010 directed PAN service providers- NSDL and UTITSL to verify at random the address and identity of 200 PAN applicants out of every one lakh applicants and where verification failed to establish genuineness of applicant inform the CIT( CO) / Assessing officer who would independently verify again the genuineness of fake applicants and if found fake again by ITO then he / she would declare the applicant fake and initiate prosecution proceedings against them under income tax act, 1961. Will CBDT put in public domain whether this exercise to weed out fake applicants has been carried out and how many prosecutions launched so far. If not done so far, it should be done without delay in view of apprehensions in public mind of misuse of PAN and fake applicants removed and prosecuted. RTI activists can also take up if no clarification is forthcoming from CBDT . more  
Prithvi Nath Bhargava
There have been cases reported in the Press where PAN was obtained by fraudulent and misused without the knowledge of the PAN holder. more  
Sudhanshu Mittal
Agree 100%. PAN numbers are obtained fraudulently and then used by others. Merchant establishments should be required to ask for original PAN card for such cash transactions which require PAN and an automatic SMS should be sent to the PAN holder. more  
Chandan Nahata (practising Chartered Accountant)
i fully agree with you,govt., & tax authorities must do some thing to nprotect honest tax payer. more  
Ravinder Goyal (Member,Managing Committee,RWA)
It is very serious matter for the honest citizen since he will be harassed by the Tax Authorities for their PAN to be used by the unscrupulous & dishonest elements. The Finance Ministry & CBDT needs to look into it URGENTLY. more  
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