Written By Easy Life on Friday, January 31, 2014 | 1/31/2014 03:49:00 PM
Few days after announcing a new procedure for allotting permanent account numbers (PAN), the Central Board of Direct Taxes (CBDT) today put the decision on hold without providing any reason for the same.
According to a statement issued by the CBDT, “It has decided to keep in abeyance the decision to change the procedure for PAN allotment till further orders ... In the meantime the old procedure of PAN application and allotment shall continue.”
An official said that the decision comes in wake of stiff opposition from assessees and various other quarters following the earlier announcement of changing the allotment procedure from February 3.
Tax experts had criticised the move, saying that there were practical challenges in implementing the new norms, which would make it more difficult to obtain PAN, especially for foreigners.
According to the earlier announcement, applicants for PAN had to produce original documents related to identification, address and date of birth.
“Every PAN applicant has to submit self-attested copies of proof of identity, proof of address (PoA) and date of birth (DoB) documents and also produce original documents of such PoA/DoB documents, for verification at the counter of PAN facilitation centres,” the CBDT had said.
Currently there is also no need to carry along original documents at the time of submitting the application.