Governance2.Org

Economic Times: In a country of over a billion people, only 31.5 million people pay taxes, and this is after the number of taxpayers has grown by nearly 11 percent between March 2002 and March 2006. The Directorate of Income Tax (Systems) has said that a total of 54 million Permanent Account Numbers (PAN) had been allotted till July 5, 2007.
PAN numbers are also needed to open a bank account, pay income tax, purchase and sell shares and securities, purchase movable property that needs registration, apply for visas and passports or bank loan and to file tax returns. Read on …