NEW DELHI: The profits-Tax branch receives 15-25 lakh permanent Account variety (PAN) packages in step with a week, and takes some hours to two weeks to permit the ten-digit alphanumeric identifier, the authorities have knowledgeable Parliament.
The allotment of PAN is being accomplished via the tax department via two provider vendors, NSDL e-Gov and UTIITSL, which acquire packages, system them, digitize the information and publish the identical to ITD for final allotment of PANs.
ultimately, physical PAN card and/or e-PAN card is issued to the applicant.
“currently, on a mean, 15-25 lakh PAN applications are being acquired per week.
“The time is taken for processing these packages and allotment of PAN generally stages from few hours to two weeks,” Minister of the kingdom for Finance Shiv Pratap Shukla said in a written reply within the Lok Sabha.
As on January 28, 2018, a total of 20, seventy-three,434 packages had been underneath process/pending for allotment of PAN and issuance of PAN card, the minister stated.
He similarly said the agreement with the service vendors has an in-constructed clause for levy of penalty in case of postponing and the identical is invoked in appropriate instances.
Get the modern day information & live updates on the cross on your pc with information App. download The times of India news app on your device. study more business information in English and other languages.
