26 Nov
2011
26 Nov
'11
9:08 a.m.
On Sat, Nov 26, 2011 at 2:19 PM, Binand Sethumadhavan binand@gmail.com wrote:
Please explain how Aadhar will stop this.
Being a centralized system, land purchase in name of B would be reported to Tax authorities based on national ID.They can validate if B has shown enough income to afford this land. And if he is paying taxes on that income.
Similarly, PoA would have IDs of both B and A. This can again be used to track properties that are controlled by A.
Right now, A can "invent" hundreds of fictitious B's since IDs do not require biometrics. ID that is used in case of property transactions happens to be PAN.