New Delhi: The PAN card, or Permanent Account Number, is a vital document for Indian citizens. It serves both tax-related purposes and as a form of identity proof. Each PAN card contains a unique ten-digit alphanumeric number and is issued in laminated card form by the Indian Tax Department.
PAN was introduced to streamline the linking of various documents, such as tax payments, assessments, tax demands, and arrears, to an individual. This facilitates easy access to information and helps match data related to investments, loans, and other business activities. It aids in detecting and preventing tax evasion and expanding the tax base.
Every PAN card has its own unique ten-digit alphanumeric number and remains valid for a lifetime. In India, PAN holds significant importance, not only for Income Tax purposes but also as a means of identity verification.
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Why Is It Necessary To Have PAN?
It is mandatory to quote PAN on return of income, and all correspondence with any income tax authority. From 1 January 2005, it will be mandatory to quote PAN on challans for any payments due to Income Tax Department. It is also compulsory to quote PAN in all documents about the following financial transactions
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Steps To Verify PAN Card Online:
Step 1: Logon to the ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in
Step 2: Click on the ‘Verify Your PAN details’ hyperlink from the ‘Quick Links’ Section.
Step 3: Enter the PAN, Full Name (As per PAN), Date of Birth and Choose the ‘Status’ as applicable.
Step 4: Enter the Captcha as in the image and click on ‘Submit’ to verify your PAN details.
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How To Apply For PAN:
Apply Online: You can submit an online application through the websites of UTIITSL or NSDL. Learn how to apply online by checking the instructions provided on their websites.
Visit PAN Application Center: You can also apply for a PAN card by visiting a PAN Application Center. These centres are operated by NSDL and UTITSL.
Instant PAN through Aadhaar: If you have an Aadhaar card, you can now get a Permanent Account Number (PAN) instantly without filling out a detailed application form. This initiative aims to simplify the PAN allotment process for individuals.
