alleryStart learning →What is the primary purpose of the PAN system?
AConducting the national population census
BCurbing evasion via transaction tracking
CIssuing identity cards for voting
DVerifying citizenship for passports
Answer & Solution
Correct answer: B. Curbing evasion via transaction tracking
PAN was designed to track monetary transactions, especially of high-net-worth individuals, and prevent tax evasion.
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