Income Tax department working on issuing e-PAN on real-time basis
India TV NewsThe income tax department is working on a processing centre for the allotment of e-PAN on a real-time basis, Parliament was informed on Monday. "Real time PAN/TAN Processing Centre is being contemplated for future with the objective of allotment of e-PAN through Aadhaar based e-KYC on near to real time basis," Minister of State for Finance Anurag Thakur said in a written reply to a question in the Lok Sabha. As part of this, the I-T department is working on a real-time PAN-TAN centre to further reduce the time required to allot PAN, particularly for the applicant's applying through 'Aadhaar-based e-KYC route by bringing suitable upgradation in the allotment processes and infrastructure. The government has also approved Integrated E-filing and centralised Processing Centre 2.0 Project which envisages pre-filling of ITRs by the I-T department and its acceptance by the taxpayer so as to improve accuracy of information contained in the return and drastically reduce the time time taken to process return and issue refunds.