For Indian citizens, the Permanent Account Number, or PAN card, is an essential document. It is used as identification documentation as well as for tax purposes. The Indian Tax Department issues PAN cards in laminated card form, each with a unique ten-digit alphanumeric number.
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PAN was introduced to make it easier to link various documents to a specific individual, such as tax payments, assessments, tax demands, and arrears. This makes it easier to access information and helps match data related to investments, loans, and other business operations. It helps detect and prevent tax evasion, as well as expand the tax base.
Every PAN card is assigned a unique ten-digit alphanumeric number and is valid for life. PAN is an important document in India, not only for income tax purposes, but also for identity verification.
Why Do I Need a PAN?
PAN must be quoted on all income tax returns and correspondence with the Income Tax Authority. PAN must be quoted on challans for all payments due to the Income Tax Department beginning January 1, 2005. It is also required to quote PAN in all documents regarding the following financial transactions.
Steps To Verify PAN Card Online:
Logon to the ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in
Click the ‘Verify Your PAN Details’ link in the ‘Quick Links’ section.
Enter your PAN, full name (as per PAN), date of birth, and ‘Status’ as applicable.
Enter the Captcha as shown in the image and click ‘Submit’ to verify your PAN details.
How you can apply PAN
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You can apply online using the websites of UTIITSL or NSDL. Learn how to apply online by following the instructions on their websites.
Offline
You will can also apply for a PAN card by going to a PAN Application Center. These centers are managed by NSDL and UTITSL.
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Instant PAN
If you have an Aadhaar card, you can now obtain a Permanent Account Number (PAN) without completing a lengthy application form. This initiative seeks to make the PAN allotment process more user-friendly.
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