This is part of a joint charter prepared by the Central Board of Direct Taxes (CBDT) and the Election Commission (EC) for scrutinising the poll affidavits of candidates contesting 2014 Lok Sabha elections.
Not quoting the permanent account number (PAN) can cost the contractors and sub-contractors dear, as the budget proposal of taxing them at up to 20 percent instead of 1-2 percent comes into effect from Tuesday.
The Income Tax department,
investigating allegations of hawala transactions and
investments by former Jharkhand chief minister Madhu Koda, is
verifying details of PAN cards found during searches in
connection with the probe.
Insurance regulator IRDA on Friday
made it mandatory for insurers to collect permanent account numbers (PANs) of every customer paying an annual premium of
over Rs 1 lakh, a move designed as a part of know your customer norms.