In India the Permanent Account Number (PAN) card is a crucial document that serves as a unique identification number for taxpayers. PAN cards are issued by the Income Tax Department of India to individuals, companies, and other entities that require it to carry out financial transactions. To apply for a PAN card, one must provide several details, including their mobile number, which has been made mandatory for the application process. The government of India made mobile numbers mandatory for PAN card applications to streamline the process and make it more efficient. Collection for the government.
With the proliferation of mobile devices, it has become easier to communicate
With people on their mobile phones. As such, requiring mobile numbers for PAN card applications has made it easier for the Income Tax Department to communicate with taxpayers India Phone Number List regarding their PAN card status, updates, and other important information. Another benefit of making mobile numbers mandatory for PAN card applications is that it has reduced the likelihood of fraudulent applications. By requiring mobile numbers, the Income Tax Department can send OTPs (One Time Passwords) to applicants to verify their identity and ensure that the application is legitimate. This added layer of security has made the PAN card application process more secure and reduced.
The likelihood of fraudsters trying to obtain PAN
Cards using false information moreover. The requirement of mobile numbers. For pan card applications has enabled. The government to better track financial transactions. And identify GU Lists tax evaders. The government. Has introduced several measures to curb. Tax evasion and increase revenue collection, and mobile numbers. Are one such measure. With mobile numbers linked to pan. Cards, the government can keep. A tab on suspicious transactions and take. Appropriate action against individuals. Who try to evade taxes. In conclusion, making mobile number. Mandatory for pan card applications is a step. In the right direction to streamline the process. Improve security, and increase revenue.