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Call ExpertThe Permanent Account Number (PAN) is the unique identification number assigned by the IT Department to the individual tax accounts held by the government for every taxpayer in the country. The PAN possesses all the tax-related information of the taxpayer in one place and, since the PAN card links every individual taxpayer’s financial transactions to them individually, it permits the Income Tax Department to maintain detailed records for every taxpayer, serving to reduce instances of tax fraud and default, and thus serves to reduce instances of tax evasion extensively.
There is an exhaustive list of documents required to obtain a PAN Card, to be submitted along with the PAN Card application form, whether Form 49A (for Indian persons or entities) or Form 49AA (for foreign persons or entities). The requirement for documents depends largely on the applicants themselves.
Identity Proof which can be a copy of any one among the following:
An address proof which can be a copy of any one of the following:
Date of birth proof which can be a copy of any one of the following:
You should then be directed to a page outlining the three options you could use to submit the various proof documents mentioned above. You could submit them digitally using e-KYC and e-sign, submit scanned images via e-sign, or you can hand over the documents physically at your nearest branch (or send them in by registered post).
You will then be directed to a page where you need to fill in the details such as your sources of income and your address and other contact information.
The next step is then so your Assessing Officer can be assigned and your tax jurisdiction can be understood. You can obtain all this information from the NSDL website by clicking the “AO Code Search for PAN” link. Then click on “next” to go to the document details & declaration section.
And lastly, you will need to provide information about all the documents you have submitted as your various proofs. You will also need to upload your photograph and signature. Do all this and click on “Submit.”
After submitting the application and making the payment, you will get an OTP on your mobile number linked to your Aadhaar number. Upon entering the OTP, you will receive a 15-digit acknowledgment number and a receipt, which you will need to print out. Sign this receipt and courier it to the NSDL office within 15 days from the application date. Remember to write/print on the envelope in block letters “APPLICATION FOR PAN-N-(15-digit acknowledgement number).”
Fill out the form completely and accurately
Submit valid identity and address proofs
The signature should be within the designated space
The photograph should be clear and recent
The applicant’s name should be spelled correctly.
You need to visit- https://www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/VerifyYourPanDeatils.html. You will be redirected to a page showcasing ‘Verify Your PAN’. After landing on the page, you need to fill in details like PAN Card number, full name, date of birth, status, captcha code.
You can download a PAN card soft copy (e-PAN card) through the NSDL portal with your Acknowledgement number as well as your PAN and date of birth. Here are the steps by which you can download your e-PAN card with the acknowledgement number: Visit the NSDL portal to download the e-PAN with acknowledgement number.
To check the status of your e-PAN card, you can visit the UTIITSL or NSDL website and click on the ‘Track PAN Card Status’ option. Then, enter the 15-digit acknowledgment number or your name and date of birth, and click on ‘Submit’. The status of your e-PAN card will be displayed on the screen.
To apply for a PAN card online, you can visit the NSDL or UTIITSL website, select the appropriate form, fill in the details, upload the necessary documents, and pay the application fee online. After submission, you will receive an acknowledgment receipt with a 15-digit acknowledgment number, which can be used to track the status of your application.
Yes, you can get a PAN card in 3 days by applying for a Tatkal PAN Card. The Tatkal PAN Card is issued on a priority basis, and the processing time is 1-2 days. However, additional fees are applicable for Tatkal PAN Card application.
PAN is necessary for various financial transactions such as opening a bank account, investing in securities, filing income tax returns, and applying for a loan. It helps the government track the financial transactions of individuals and prevent tax evasion.
Yes, it is mandatory to link Aadhaar with PAN. As per the government’s directive, it is mandatory to link Aadhaar with PAN to file income tax returns, and failure to do so may attract a penalty.