Diabytes
PAN data News
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Under PAN 2.0, new PAN cards will be issued using the upgraded system, and existing PAN data will be merged into a centralized database.
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The tax authorities will now relay audit reports of corporates and specific information from their I-T returns as also PAN data to the ministry of corporate affairs, as the government plans to crack down harder on shell companies.
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To plug tax loopholes, the I-T department will use Big Data analytics to track down evaders by collecting information such as common address, mobile number and e-mail to establish relationship between their multiple PANs.
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