Re: FW: Don't give PAN for TATKAL BOOKING
Man4mIndia
Kindly Circulate it To All Your Known People..!!
Don't give PAN numbers for Tatkal bookings
JUNE
21, 2012
Indian Railways: Abuse of PAN No for Tatkal bookings, Do not quote
Do not quote PAN for Tatkal bookings.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.
***Shan***