It's a digitally-signed card issued in an electronic format by the Income Tax Department using Aadhaar-based e-KYC process
The department, on April 10, had amended the income tax rules to henceforth allow transgenders be recognised as an independent category for obtaining PAN for their tax-related transaction
The allotment of PAN is being carried out by the tax department through two service providers, NSDL e-Gov and UTIITSL
Out of all fraudulent permanent account numbers, 10.52 lakh cases pertain to individual assesses
They have been found with cash deposits of Rs 10,00,000 or more in a savings bank account, sale/purchase of immovable property valued at Rs 30,00,000 or more