PERMANENT ACCOUNT NUMBER
PAN CARD
PERMANENT ACCOUNT NUMBER / PAN CARD
WHAT IS PAN CARD ? WHAT IS PAN CARD USED FOR ?
HOW TO APPLY FOR PAN CARD ? HOW TO CHECK PAN CARD STATUS ?
GET INSTANT PAN CARD NOW
GET INSTANT PAN CARD NOW
HOW TO DOWNLOAD INSTANT PAN CARD FROM THE NEW E-FILING WEBSITE ?
PAN CARD DOWNLOAD IN 10 MINUTES
Now with the launch of new e-filing website of Income tax Department , one can get instant PAN Number in the following way :
1. Log on to new e-website portal / instant e-pan
2. Enter your 12 digit Aadhaar Number
3. Confirm the following :
I have never been allotted a Permanent Account Number (PAN)
My active mobile number is linked with Aadhaar
My complete date of birth (DD-MM-YYYY) is available on Aadhaar card
I am not minor as on application date of Permanent Account Number (PAN)
4. You will get an OTP in your Aadhaar linked mobile number
5. Enter the OTP Number and proceed .
6. On the Validate Aadhaar Details page, select the I Accept that checkbox and click Continue.
7. On successful submission, a success message is displayed along with an Acknowledgement Number. Please keep a note of the Acknowledgement ID for future reference. You will also receive a confirmation message on your mobile number linked with Aadhaar.
8. You will receive your PAN Number in 10 minutes and download the PAN NUmber
INOPERTIVE PAN - CLARIFICATIONS
Dated 19.07.2023 : Some PAN holders who are required to link their PAN would have omitted to link their aadhaar with PAN and consequentially their PAN would have become inoperative . Some Non resident Indians would not have intimated their present residential status to the income tax department . Hence their PAN could have been made inoperative , even-though NRIs are exempted from linking their PAN Number with Aadhaar .
With regard to PAN Cards becoming inoperative due to non-linking with Aadhaar, income tax department has now issued following clarifications :
1. ITD has mapped the residential status of NRIs in case they have filed the ITR in any of the last 3 AYs or they have intimated their residential status to the Jurisdictional Assessing Officer (JAO). The PANs have been rendered inoperative, in case any one of the above-mentioned criteria is not met. The NRIs whose PANs are inoperative are requested to intimate their residential status to their respective JAO along with supporting documents with a request to update their residential status in the PAN database. Details of JAO can be found at - https://eportal.incometax.gov.in/iec/foservices/#/pre-login/knowYourAO
2. The PANs of OCIs/foreign citizens, who may have applied for PAN under resident status and have not corrected/updated their residential status to the Jurisdictional Assessing Officer (JAO) or have not filed ITR in any of the last 3 AYs, have been rendered inoperative. The OCIs/foreign citizens are requested to intimate their residential status to their respective JAO along with supporting documents with a request to update their residential status in the PAN database. Details of JAO can be found at - https://eportal.incometax.gov.in/iec/foservices/#/pre-login/knowYourAO
3. It is clarified that an inoperative PAN is not an inactive PAN. One may file the Income Tax Return (ITR), irrespective of PAN becoming inoperative. Only following are the consequences of ‘inoperative’ PAN:
i. Pending refunds and interest on such refunds will not be issued to inoperative PANs.
ii. TDS will be required to be deducted at a higher rate for inoperative PANs in accordance with section 206AA.
iii. TCS will be required to be collected at a higher rate for inoperative PANs in accordance with section 206CC.
Kindly refer to the CBDT Notification No.15/2023 dated 28th March, 2023 for details:
( If your PAN is rendered inoperative due to non-linking of aadhaar , and if you link Aadhaar with your PAN after paying penalty now , permanent account number shall become operative within thirty days from the date of linking Aadhaar with PAN .
To read the clarifications issued by CBDT , click here
PAN NUMBER NEEDED FOR OPENING CURRENT ACCOUNT :
Also required for depositing / withdrawing cash Rs 20 lakhs
Dated 11.05.2022 : Now quoting of PAN NUMBER is made mandatory if you want to open a current account with any bank or post office . If you want to deposit a total cash of Rs 20 lakhs or withdraw cash of Rs 20 lakhs from bank accounts in a financial year April to March , you have to necessarily quote your PAN Number . The amount of cash transactions is to be taken from all your bank accounts if you maintain multiple banking accounts . The rule also applies to co-operative banks .
As per the latest gazette notification issued by the Ministry of Finance , the Income tax rule 114b has been amended and PAN is required for the following:
(a) cash deposit or deposits aggregating to Rs 20 lakhs or more in a financial year, in one or more account of a person with a bank or a Post Office;
(b) cash withdrawal or withdrawals aggregating to Rs 20 lakhs or more in a financial year, in one or more account of a person with a bank or a Post Office;
(c) opening of a current account or cash credit account by a person with a bank or a or a Post Office.
To read the Gazette notification dated 10.05.2022 , CLICK HERE
FM OFFICIALLY INAUGURATES INSTANT PAN FACILITY NOW
Dated 28.05.2020 : Hon’ble Union Finance Minister Smt. Nirmala Sitharaman formally launched the facility for instant allotment of PAN (on near to real time basis) today on 28th May, 2020. This facility was made available by the income tax department in February 2020 . It available for those PAN applicants who possess a valid Aadhaar number and have a mobile number registered with Aadhaar. The allotment process is paperless and an electronic PAN (e-PAN) is issued to the applicants free of cost.
Though the facility of instant PAN through Aadhaar based e-KYC has been launched formally by the Hon’ble FM today, its ‘Beta version’ on trial basis was started on 12th Feb 2020 on the e-filing website of Income Tax Department. Since then onwards 6,77,680 instant PANs have been allotted with a turnaround time of about 10 minutes, till 25th May 2020.
To read Ministry of finance Press release dated 28.05.2020 in this regard , CLICK HERE
What is
PERMANENT ACCOUNT NUMBER - PAN CARD ?
Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any "person" who applies for it or to whom the department allots the number without an application.
PAN enables the Income Tax department to link all transactions of the "person" with the income tax department which include tax payments, TDS/TCS credits, returns of income/wealth/gift/FBT, specified transactions, correspondence, and so on. PAN, thus, acts as an identifier for the "person" with the tax department.
A typical PAN is AAAPD1234K.
First three characters i.e. "AAA" in the above PAN are alphabetic series running from
AAA to ZZZ
Fourth character of PAN i.e. "P" in the above PAN represents the status of the PAN holder. "P" stands for Individual, "F" stands for Firm, "C" stands for Company, "H" stands for HUF, "A" stands for AOP, "T" stands for TRUST etc.
Fifth character i.e. "D" in the above PAN represents first character of the PAN
holder's last name/surname say Delhiwala
Next four characters i.e. "1234" in the above PAN are sequential number running from 0001 to 9999.
Last character i.e. "K" in the above PAN is an alphabetic check digit.
The legal authority for PAN comes from section 139A of Income Tax act
PAN CARD APPLY - Who has to apply for PAN Number ?
SECTION 139A OF INCOME TAX ACT
As per section 139a of Income Tax Act , you have to apply for PAN number , if you have not got a PAN Number so far ,
(i) if your total income in a financial year exceeded the maximum amount which is not chargeable to income-tax; or
(ii) carrying on any business or profession whose total sales, turnover or gross receipts are or is likely to exceed Rs 5.00 lkahs in a financial year; or
(iii) if you are required to furnish a return of income ; or
(iv) being an employer, if required to furnish a return of fringe benefits under section 115WD, or
(v) being a resident, other than an individual, which enters into a financial transaction of an amount aggregating to Rs 2,50,000 or more in a financial year; or
(vi) if you are the managing director, director, partner, trustee, author, founder, karta, chief executive officer, principal officer or office bearer of the person referred to in clause (v) or any person competent to act 53[on behalf of the person referred to in clause (v); or
(vii) if you intend to enter into such transaction as may be prescribed by the Board in the interest of revenue,]
WHAT IS PAN CARD USED FOR ?
FINANCIAL TRANSACTIONS THAT REQUIRE PAN :
It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. From 1 January 2005 it has become mandatory to quote PAN on challans for any payments due to Income Tax Department.
It is also useful / mandatory to quote PAN in all documents pertaining to the following financial transactions ( For some transactions , above required threshold amount ) :-
(a) sale / purchase of any immovable property valued five lakh rupees or more;
(b) sale / purchase of a motor vehicle except two wheelers
(c) a time deposit, exceeding fifty thousand rupees, with a banking company ;
(d) a deposit, exceeding fifty thousand rupees, in any account with Post Office Savings Bank;
(e) for sale or purchase of securities of value exceeding one lakh rupees ;
(f) opening a bank account;
(g) making an application for telephone connection (including mobile telephone );
(h) payment to hotels and restaurants exceeding twenty-five thousand rupees at any one time ;
(i) for cash purchase of bank drafts / pay orders / banker's cheques for an amount aggregating fifty thousand rupees or more during any one day;
(j) deposit in cash aggregating fifty thousand rupees or more with a bank during any one day;
(k) cash payment for travel to any foreign country of an amount exceeding twenty-five thousand rupees at any one time.
(l) for applying credit card or debit card.
(m) payment of an amount of fifty thousand rupees or more for purchase of Mutual Fund / shares / debentures / bonds / insurance premium
(n) payment of an amount of fifty thousand rupees or more to the Reserve Bank of India
(o) payment for buying bullion / jewellery
(i) of an amount of five lakh rupees or more at any one time; or
(ii) against, a bill for an amount of five lakh rupees or more,
PAN CARD ONLINE APPLY -HOW TO APPLY FOR PAN CARD ONLINE ?
Application for PAN can be made following ways :
There are two agencies authorized to accept and issue PAN cards viz : NSDL e-infrastructure Ltd and UTI Infrastructure and services Ltd .
1. You can either apply on NSDL Website or UTIITSL website . Further paper PAN applications can also be sent to the above two agencies or in the Facilitation centres . Addresses are avaialble on their websites .
2. In rural areas , PAN applications can be submitted at Common Services Centres ( CSS )
3. Paperless on -line eKYC or-e-signature based PAN application can be made ( Presently it is paused for upgradation )
PAN CARD APPLICATION STATUS
How to check PAN Application Status ?
If you have applied for PAN Number on NSDL website or UTIITSL Website . Keep the 15 numeric ACKNOWLEDGEMENT NUMBER with you
and go to NSDL WEBSITE
In the form , you fill acknowledgement number and Captcha . You will know the present status of your application
DOCUMENTS REQUIRED FOR APPLYING FOR PAN CARD
One has to produce following documents
1. Identification Proof 2. Address Proof / Residence Proof 3. Proof of date of Birth .
Quoting of AADHAAR Number is mandatory for applying for PAN Card .
Some of the documents accepted
as Proof of Identification :
1. Passport
2. Postal Address Card
3. Ration Card
4. Voter ID
5. Driving License
6. Government / PSU Photo ID Cards
7, Photo ATM Card / Debit Card / Credit CARD
8. NREGS Job card
9 . Pensioner / Freedom Fighter Photo Card
10 Kissan Photo Passbook
11 . Certificate of Identity issued by a Gazetted Officer / Tahsildar
as Proof of Address :
1. Passport
2. . Bank / Post Office Passbook / statement of account
3. Ration Card
4. Voter ID
5. Driving License
6. Government / PSU Photo ID Cards
7. Telephone Landline Bill
8. Electricity Bill
9 . Water Bill
10. Property Tax Receipt
11. Insurance policy
12 . Credit Card statement
as Proof of Residence :
1. PDS Card
2. MNREGA Card
3. Pension card
4. Any other Central / state government issued family entitlement document
For Date of Birth :
1. Birth Certificate
2. SSLC Certificate
3. Passport
4. Certificate of date of Birth issued by Group A Gazetted Officer
PAN CARD FEES
Application fee is Rs 110 ( including GST ) for Indian citizens . Additional Rs 910 to be paid for despatching the card outside India
The fees can be paid by Net banking / debit card / Credit card for applying on -line and by cash or Demand Draft for paper applications .
HOW TO UPDATE YOUR PAN DETAILS ?
One may need to change the details of address , names after marriage , mobile numbers , e-mail address or any other information after enrolment . To update these details , one can use mode of on-line updation , or send request by post or by visiting permanent enrolment centre .
If you want to update on-line , CLICK HERE to visit the site . You may also visit PAN Facilitation Centres of the two agencies also for updation .