On Sat, Nov 26, 2011 at 11:30 AM, Binand Sethumadhavan binand@gmail.com wrote:
Let us examine this. What are the limitations of the PAN card, and how does the UID eliminate them?
The PAN card (or more accurately, the PAN itself) is used to contain tax evasion. You have to quote your PAN everywhere you spend money. There are large data crunching computers that cross-link this data, and attempt to see if an individual is spending (cheques/credit cards/ATM withdrawals etc.) more than what he is earning (salary, interest, capital gains, rent...) and flag such cases for investigation. Can the UID improve on this?
Yes, improvement is the assurance that one person would not be not be issued multiple cards.
http://www.moneycontrol.com/news/business/pan-scam-i_292341.html