Permanent Account Number (PAN) frauds and ways to prevent them

INDIA, India - Dec. 25, 2020 - PRLog -- Permanent Account Number or PAN is a unique ten-digit number issued by the Income Tax Department of India. A PAN enables the IT department to identify & link all transactions of the PAN holder for the purpose of tax payment, TDS/TCS, income returns, etc.
PAN Card frauds in India

"Man earning Rs. 84,000 a year receives I-T notice to explain Rs. 134 crore deals"

"Man's PAN card details stolen, Rs. 20 crore transactions made under false identity"

"Fake Aadhaar, PAN cards used for duping banks"

Headlines like these have become quite frequent in the news today. With the number of places we provide our PAN cards, without a second thought, identity theft has become a real cause for concern. In a world where we are increasingly dependent on online means for transactions, and availing services, protecting the physical copy of your PAN card is no longer enough.

If you have recently received a notice from the I-T department or charged extra on your credit cards, there is a strong possibility you are a target of identity theft.

For any PAN card related query, visit - https://www.alankit.com/govt-services/pan/