Fwd: FYI... Don't give PAN numbers for Tatkal bookings !!

[Sharath]

Dear all,

Do not quote PAN for Tatkal bookings. Indian Railways display PAN as
identity proof for Tatkal bookings.

The Railways have collect PAN for Tatkal bookings and display the PAN +
name, sex and age of passengers on reservation charts pasted on railway
compartments.


This is a boon for benami transactions. It is mandatory for traders like
jewellers to collect tax (TCS) from customers on purchase of jewellery
worth Rs 5 lakh & bullion worth Rs 2 lakh. While complying with TCS rules
for collection, payment and uploading of TCS information (e-filing of TDS
returns) jewellers have to furnish PAN of customers. For certain customers
it is not convenient to provide PAN. To accommodate high net worth
customers, traders have a easy source of benami PAN numbers, name, sex and
age from reserved railway compartments. A traveller recently noticed a chap
copying PAN particulars along with name, age and sex pasted on reserved
compartments, and when confronted with the help of railway police, he
admitted that he gets Rs 10 per PAN particulars from jewellers. These
persons are copying PAN information of senior citizens, women etc from
sleeper class with the intention that passengers in sleeper class are not
serious tax payers and generally salaried class.


This wrong usage of a PAN number is known only to the regular tax payers,
who regularly check their tax credit on form 26 AS provided by the Income
Tax department on their website. This form 26 AS is updated only on filing
of e-TDS returns by the traders. There is almost 6-12 months time delay for
the PAN holder to know that a transaction of above nature has taken place
on his name and that too only if he goes through form 26 AS. On noticing
the tax credit of above nature while reconciling form 26 AS for tax credits
for
filing the return during subsequent financial year i.e. July / September,
the tax payer has an option to exclude the same and go ahead in filing the
return. In that case the department will first initiate action from the tax
payer's side asking him to explain the sources of money for the above
transaction done in his name and also to prove that he has not carried on
the above transaction. The onus lies on the genuine tax payer for the fault
committed by the traders. This dispute may even take more than 2 years to be
settled.

In conclusion, the only way to protect yourself from these fraudulent
transactions, is to avoid quoting PAN details for identity proof.

Kindly Circulate it To All Your Known People..!