Thursday, August 24, 2017

COMMENTS NO: YEAR/2014/837

"INCOME TAX DEPARTMENT OF INDIA:'Time has come to make PAN Card Number mandatory for opening any types of Accounts in any PSU or Private Banks of India.' RESERVE BANK OF INDIA:'To recover the Black Money and to implement Uniform Taxation System, the PAN Number of a Person must be treated as the one and only one Unique Customer ID or CIF for that person to do any Banking Transactions from any Banks of India.' CIBIL:'If any Bank Manager disburses loan to a customer who is having a Sub-Standard or Poor Ratings as per CIBIL Report Card, then a show-cause letter must be issued to that Bank Manager and may be given severe punishment also in due course.' FINANCE MINISTRY:'We will implement everything step by step. First, we will make PAN Card Number, Voter/Aadhar Card Number and Mobile Phone Number mandatory for opening any Account in any Banks of India.'"-Arindam Sain

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