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Without PAN Black money declaration to be accepted




The Central Board of Direct Taxes (CBDT) has asked tax sleuths to ask such declarants to attach a separate application in the Income Declaration Scheme (IDS) form for allotment of a fresh Permanent Account Number (PAN) to them quickly.

The decision was notified by CBDT today as some field offices brought to its notice that they were encountering “few cases” where an entity wanted to make a declaration of black money under IDS, but had no PAN.
PAN is mandatory for a valid declaration under the IDS. It is a ten-digit alphanumeric number issued in the form of a laminated card by the I-T department to any person, firm or entity.

“The issue (non possession of PAN) has been examined. It has been decided that in such cases, a declaration under the scheme can be filed manually before the jurisdictional Principal Commissioner/Commissioner by quoting the date and acknowledgment number of PAN application form. The Principal Commiss ..

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