A compliance management cell has been set up to monitor return filing and tax payment of the target segment. This information is now being made available to the jurisdictional assessing authorities through the online monitoring system for verification and issue of notices in relevant cases. While 140 million people have a PAN card each today, in India - a country of 1.2 billion people - there are only 34 million taxpayers. Many people who don't file return get a PAN as it works as an identity proof at many places. About 13-14 lakh new PAN cards are issued every year by the tax department and details of just 0.2% applicants (200 per one lakh) are verified by it.
Source : Business Standard
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