IT Dept Proposes Doing Away with Mandatory Mention of Father's Name on PAN Application

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    The Income Tax (IT) department on Friday proposed to do away with the mandatory requirement of mentioning one's father's name while applying for a Permanent Account Number (PAN). According to a draft notification, where the mother of a PAN applicant is a single parent, the individual would have to mention only the name of the mother.

    IT Dept Proposes Withdrawing Mandatory Mention of Father's Name on PAN Forms
     

    At present, providing father's name in the PAN application Forms (Form No.49A and Form No.49AA) is mandatory, but allows the applicant an option to select the name of either father or mother to be printed on the PAN card.

    "In order to provide that father's name shall not be mandatory in PAN application forms, where the mother is the single parent, an amendment in PAN application forms is proposed to provide that ... mentioning mother's name shall be mandatory in cases where father's name is not furnished and mother is the single parent," the CBDT (Central Board of Direct Taxes) said in a draft notification on which it has invited stakeholder comment by September 17.

    The tax department is also proposing to empower Principal Director General or Director-General Income Tax to specify the manner in which PAN would be issued to an applicant. Under the current norms, a PAN with 10 alphanumeric characters has to be issued in the form of a laminated card.

    The draft notification also proses a timeline for applying for PAN card by entities entering into financial transactions of Rs 2.50 lakh or more in a financial year.

    Read more about: pan pan card
    Story first published: Saturday, September 1, 2018, 12:22 [IST]
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