Are savings, investments linked to tax id in your country?

[neku]

In some countries, the savings, investments are linked to the tax id of the citizen. So increasingly fraudsters who want to rob the savings of hardworking professionals, investors are getting the tax id data changed, first the fathers name in the tax id is getting changed. The fraudsters are very powerful, they ensure that the professional whose tax id data is changed in government records does not get any information or intimation about the change in records at the time of change. Are savings, investments linked to tax id in your country?

 

[riberet19]

Yes, since all financial services here need you to pass a KYC where they ask for your ID.

 

[Sanjeev]

Yes, they are linked to PAN here and it's mandatory for all the people here.

 

[Starmix]

Any person here in my country earning from an employment must pay a personal tax and those having businesses and investments must pay income taxes.

 

[neku]

Yes, they are linked to PAN here and it's mandatory for all the people here.

The fathers name in the government records for PAN has been incorrectly typed due to which KYC is failing and the government agency is refusing to acknowledge that they have made a typing mistake. Does anyone know how to correct the typing mistake errors in government records, since it is causing great hardship to the PAN holder?