News Topical, Digital Desk : Buying and selling land in the India-Nepal border areas of Uttar Pradesh will no longer be easy. The government has made a PAN card mandatory for the purchase of immovable property in districts bordering Nepal. Consequently, the option of 'Form 60' has been eliminated in Uttar Pradesh. From now on, land registration will not be possible without a PAN card.
The government has taken this step to prevent financial crimes and protect national security. The department's online document registration software has enabled PAN entry and verification. Following this, parties have been instructed to make PAN entry mandatory for property registration.
PAN card is mandatory for land purchase registration.
In Uttar Pradesh, Inspector General of Registration, Neha Sharma, has issued clear instructions to all registration officers, Assistant Inspector Generals of Registration, and Sub-Registrars in this regard. This order mandates mandatory entry and verification of the PAN cards of both buyers and sellers in the department's online document registration software.
This step is aimed at strengthening national security and curbing financial crimes. It will curb money laundering, illegal investment, and cross-border transactions. This government move is considered crucial from a national security perspective.
Decision regarding districts adjoining the India-Nepal border
Previously, registration in districts bordering the India-Nepal border was possible only after filing Form 60. This has led to frequent complaints of benami properties and property purchases under fictitious names. However, making PAN cards mandatory will now allow the Income Tax Department to monitor financial transactions here, and agencies will be alerted to even the slightest discrepancy.
It should be noted that districts like Gorakhpur, Maharajganj, Siddharthnagar, Lakhimpur Kheri, Bahraich, Shravasti, and Balrampur in Uttar Pradesh are located along the India-Nepal border. These districts are the major sources of travel between the two countries. Therefore, the new rules regarding land purchases will increase transparency.
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