Author: Mohan

e-PAN facility is for allotment of Instant PAN (on a near-real-time basis) for those applicants who possess a valid Aadhaar number. PAN is issued in PDF format to applicants, free of cost.

Easy & Paperless Process

Get e-Pan within 10 Minutes

It holds the Same Value as a Physical PAN Card

All You Need is Aadhaar Card & Linked Mobile Number

Overview

The Instant e-PAN service is available to all Individual taxpayers, who have not been allotted a Permanent Account Number (PAN) but possess Aadhaar. This is a pre-login service, where you can:

Obtain digitally signed PAN in electronic format, free of cost, with the help of Aadhaar and your mobile number linked with your Aadhaar,
Update PAN details as per Aadhaar e-KYC,
Create an e-Filing account based on e-KYC details after allotment / updation of PAN, and
Check the status of pending e-PAN requests / Download e-PAN either before or after logging in to the e-Filing portal.

2. Prerequisites for availing of this service

Individual who has not been allotted a PAN
Valid Aadhaar and mobile number linked to Aadhaar
User, not a minor as of the date of request; and
User not covered under the definition of Representative Assessee u/s 160 of the Income Tax Act.

3. Step-by-Step Guide

3.1 Generate New e-PAN

Step 1: Go to the e-Filing portal homepage, and click Instant e-PAN.

Step 2: On the e-PAN page, click Get New e-PAN.

Step 3: On the Get New e-PAN page, enter your 12-digit Aadhaar number, select the I confirm that checkbox and click Continue.

Note:

If the Aadhaar is already linked to a valid PAN, the following message is displayed – Entered Aadhaar Number is already connected with a PAN.
If the Aadhaar is not linked with any mobile number, the following message is displayed – Entered Aadhaar Number is not connected with any active mobile number.

Step 4: On the OTP validation page, click I have read the consent terms and agree to proceed further. Click Continue.

Step 5: On the OTP validation page, enter the 6-digit OTP received on the mobile number linked with Aadhaar, select the checkbox to validate the Aadhaar details with UIDAI and click Continue.

Note:

OTP will be valid for 15 minutes only.
You have 3 attempts to enter the correct OTP.
The OTP expiry countdown timer on the screen tells you when the OTP will expire.
On clicking Resend OTP, a new OTP will be generated and sent.

Step 6: On the Validate Aadhaar Details page, select the I Accept that checkbox and click Continue.

Note:

Linking / Validating your email ID (registered with your Aadhaar) is optional.
If you have updated your email ID in Aadhaar but it has not been validated, click Validate Email. On the Validate Email ID page, enter the 6-digit OTP received on your mobile number linked with your Aadhaar and click Continue.
If you have not updated your email ID in Aadhaar, click Link Email ID. On the Validate Email ID page, enter the 6-digit OTP received on your mobile number linked with your Aadhaar and click Continue.

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 your Aadhaar.

3.2 Update PAN details as per Aadhaar e-KYC

Step 1: Go to the e-Filing portal homepage and click Instant e-PAN.

Step 2: On the e-PAN page, click Update PAN.

Step 3: On the Update, PAN Details page, enter your 12-digit Aadhaar number, select the I confirm that checkbox and click Continue.

Note:

If the Aadhaar is already linked to a valid PAN, the following message is displayed – Entered Aadhaar Number is already connected with a PAN.
If the Aadhaar is not linked with any mobile number, the following message is displayed – Entered Aadhaar Number is not connected with any active mobile number.

Step 4: On the OTP Validation page, enter the 6-digit OTP received on your mobile number registered with Aadhaar and click Continue.

Note:

OTP will be valid for 15 minutes only.
You have 3 attempts to enter the correct OTP.
The OTP expiry countdown timer on the screen tells you when the OTP will expire.
On clicking Resend OTP, a new OTP will be generated and sent.

Step 5: After OTP validation, Aadhaar e-KYC details along with the details registered with PAN are displayed. Select the details to update as per Aadhaar e-KYC by clicking on the respective checkboxes to be updated as per Aadhaar details and click Continue.

Please note that only the following details can be updated as per Aadhaar Details:

Photo
Name
Date of Birth (If you only have a year of birth in PAN, you will have to update it in Aadhaar before updating it in PAN).
Mobile Number (It is updated by default)
Email ID (You need to validate the email ID to be updated in PAN details)
Address

Step 6: After selecting all the details which you want to update as per Aadhaar details, click Confirm.

On confirmation, a success message will be displayed 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 and email ID linked with your Aadhaar.

3.4 Download e-PAN – Post Login

Step 1: Log in to the e-Filing portal using your User ID and password.

Note: You need to Register yourself on the e-Filing portal after receiving the e-Pan. Only after successful registration, you can log in to the portal. Go to the Register for e-Filing (Taxpayer) user manual to learn more.

Step 2: On your Dashboard, click Services > View / Download e-PAN.

Step 3: On the Enter Aadhaar Number page, enter your 12-digit Aadhaar number and click Continue.

Step 4: On the OTP Validation page, enter the 6-digit OTP received on your mobile number registered with Aadhaar and click Continue.
Note:

OTP will be valid for 15 minutes only.
You have 3 attempts to enter the correct OTP.
The OTP expiry countdown timer on the screen tells you when the OTP will expire.
On clicking Resend OTP, a new OTP will be generated and sent.

Step 5: On the View / Download e-PAN page, you will be able to see the status of your e-PAN request. In case the new e-PAN has been generated and allotted, click View e-PAN to view or Download e-PAN to download a copy.

What is the difference between a savings bank account and a current bank account?

Post author By Mohan
Post date November 26, 2022

Many individuals starting their jobs or businesses and willing to open their bank accounts are interested in which account is right for them. Savings and current accounts are among the most typical types of accounts opened in banks. However, the choice of this selection depends entirely on your banking needs.

Savings Account

Savings account as the name suggests, is for saving your money for the long term. Here are some of the most prominent features of a savings account:

In this account, there is a fixed interest earned on your deposit.

The minimum balance in a savings account is lesser compared to the current account.

Interests deposited by banks are beneficial for future Emergencies.

Current Account

The current account is usually an account opened when there would be frequent transactions involved. Some of the features include:

The existing account is for making quick transactions.

They come with numerous facilities like overdrafts, no limit on withdrawals or deposits and more.

There is no limit on the number of transactions

Features are suitable for business purposes

Documents required for Savings account PAN Card and Aadhaar

Documents required for current account depend on their business differ

What is the age to apply for a PAN card?

Post author By Mohan
Post date November 26, 2022

There is No Age Limit for Apply PAN Card

However, for minors, no photos will appear

Once it becomes major one can update with CSF form it with a photo

The photo won’t appear Other than individual categories PAN applicants too

For more details feel free to ask us

Pancard Apply Online Team

How do I write a PAN discrepancy letter for a mismatch in the father’s name?

Post author By Mohan
Post date November 24, 2022

You will receive one discrepancy letter For the Pan application from UTI/NSDL where you applied.

In that, you have to choose as per ITD Data Correct or as per the application correct.

In case ITD Data is correct Just Tick ITD data and sign on the relevant box on the letter, not required to attach any additional proof

In case per the Application, Data is correct Just Tick Application data and sign on the relevant box on the letter, you are required to attach any additional proof of the applicant’s Driving licence, voter id, Passport, TC or Birth certificate Any other document which has correct father name to be connected with the clarification letter

On that letter, you receive you will have an email ID and Mailing address. We request you send one email and post the physical copy. while you sending recommendations to post try to do speed post/ registered post

Hope it helps. Feel free to contact us if you have any questions. Thank you

Regards

PAN Card Apply online team

Linking of PAN with Aadhaar Number

Post author By Mohan
Post date November 23, 2022

The Finance Act, of 2017 inserted a new section 139AA in the Income-tax Act, of 1961, requiring every person who is eligible to obtain an Aadhaar to quote his Aadhaar number while applying for a PAN Card or furnishing a return of income with effect from July 1, 2017.

If any person does not possess the Aadhaar Number but applied for the Aadhaar card then he can quote the Enrolment ID of the Aadhaar application Form in the ITR.

Section 139AA further provides that every person who has been allotted PAN as of the 1st day of July 2017, and who is eligible to obtain an Aadhaar number shall intimate his Aadhaar number on or before 31-03-2022 to the Income-tax Department. In case of failure to intimate the
The aadhaar number and PAN allotted to the person shall be made inoperative after the notified date.

The CBDT has notified that all the consequences provided under the Income-tax Act for not furnishing, intimating or quoting PAN shall come into effect from 01-04-2023 if PAN becomes inoperative due to non-linking of it with Aadhaar. However, the taxpayer is liable to pay the fee if
PAN is linked with Aadhaar from 01-04-2022 to 31-03-2023.

Consequences for not linking PAN with Aadhaar Number

The Central Board of Direct Taxes has notified Rule 114AAA defining the manner and consequences if PAN becomes inoperative. The Rule 114AAA(2) provides that where a person, whose PAN has become inoperative, it shall be deemed that he has not furnished, intimated or
quoted the PAN, as the case may be, and he shall be liable for all the consequences under the Act for not furnishing, intimating or quoting the PAN.
However, the person can reactivate his PAN Card by afterwards intimating his Aadhaar to the Department. Fee for default relating to the intimation of Aadhaar number
The Finance Act, 2021 has inserted a new Section 234H to levy a fee for default in intimating the Aadhaar Number. If a person is required to intimate his Aadhaar under Section 139AA and such person fails to do so, he shall be liable to pay a fee, as may be prescribed, not exceeding Rs. 1,000 at the time of making such intimation.
The CBDT vide notification No. 17/2022, dated 29-03-2022 has amended Rule 114 to prescribe the fees to be levied if Aadhaar is not linked with PAN. As per Rule 114(5A), if a person intimates his Aadhaar number after the due date, then he shall be liable to pay
a fee of:
a) Rs. 500, if such intimation is made between 01-04-2022 and 30-06-2022; and
b) Rs. 1,000, in all other cases.

Holding more than one PAN Card if an offence

Post author By Mohan
Post date November 23, 2022

The income-tax Act, of 1961 says a person cannot hold more than one PAN. A penalty of Rs. 10,000/- is liable to be levied under section 272B of the act for having more than one PAN. If a person has been allotted more than one PAN then he should immediately surrender the additional PAN card(s).

Why person hold more than one pan card?

Having multiple Permanent Account Numbers (PAN) is illegal in India as it is a unique identifier for individuals, companies, and other entities for tax purposes. The government has made it mandatory to quote PAN on various financial transactions to track and monitor financial activities and prevent tax evasion.

However, there can be instances where an individual or an entity may end up having more than one PAN card due to errors in the PAN application process, incorrect spelling of the name, or other such reasons.

Having multiple PAN cards is a serious violation of tax laws and can attract penalties, fines, and even criminal charges. The government has launched various initiatives to track and identify individuals and entities with multiple PAN cards and take necessary legal action.

Therefore, it is advisable to ensure that you have only one PAN card and surrender any duplicate PAN cards in your possession to the Income Tax Department.

What are the steps taken government to stop these multiple pan card holders?

The government of India has taken several steps to prevent individuals and entities from holding multiple Permanent Account Numbers (PAN) cards, which is illegal. Some of the steps taken are:

PAN Database Integration: The government has integrated all PAN databases and linked PAN with Aadhaar, which is a unique biometric identification number, to prevent the issuance of multiple PAN cards to the same individual or entity.
PAN Verification: The government has made it mandatory to verify the PAN with Aadhaar to prevent individuals and entities from holding multiple PAN cards.
Tracking and Monitoring: The government has implemented various measures to track and monitor financial transactions and identify individuals and entities with multiple PAN cards.
Legal Action: The government has taken legal action against individuals and entities who are found to be holding multiple PAN cards, including imposing fines and penalties, and launching criminal proceedings.
Awareness Campaigns: The government has launched various awareness campaigns to educate taxpayers about the importance of having a single PAN card and the consequences of holding multiple PAN cards.

These steps taken by the government have helped in reducing the number of individuals and entities holding multiple PAN cards and ensuring the integrity of the PAN system.

How many days does it take for a PAN card to deliver after applying in pan card apply online?

Post author By Mohan
Post date November 23, 2022

There are a few ways to Apply for PAN Card Offline and online in 2022

Instant PAN Same day you will get in practical it's taking about 24 hours
You want to apply for a Pan card on an urgent basis that is today itself you want to receive PAN
A video demonstrating

Wants to Offline PAN card service centre UTI and NSDL (Nearby Location will be on the link PSA person will update the duration after processed)

If you are looking for an Online Pan Card Option there are 3 ways

Option-1
Pan card Apply Online

If you are applying on our site it will take 3 to 5 days to deliver the epan Physical card will be delivered in 10 working days.
Correction or changes application will take 15 to 20 working days

New Pan card
Correction or changes PAN
Business Pan card
NRI Pan card

Option-2You want to apply for a Pan card on the NSDL website Approximately 20 days after the application process

Option-3You want to apply for a Pan card on the UTI website Approximately 20 days after application processed

Hope it helps

More than 430 million permanent Account Numbers (PANs) linked

Post author By Mohan
Post date November 23, 2022

As per the data Posted On: 07 FEB 2022 at 9:02 PM by PIB Delhi

As of 24-01-2022, the total number of Permanent Account Numbers (PANs) linked with Aadhaar is 43,34,75,209. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today.

The Minister further stated that the time limit as extended by the Government for linking all PAN cards with Aadhaar cards is 31-03-2022.

Today if you are looking to like PAN Card with Aadhaar Rs 1000 Late fees are applicable. Post payment only your request for aadhaar pan linking possibly to see the Guide

Speaking on the difficulties involved, the Minister stated that there could be different reasons for difficulties in linking PAN cards with Aadhaar cards faced by the taxpayers. These inter alia may be on account of a mismatch between PAN and Aadhaar details in respect of information regarding name, date/year of birth, mobile number for receipt of OTP for linking of PAN, etc. If the mismatch is on account of Aadhaar Card details, the taxpayer may get the Aadhaar details corrected by the concerned authority. Wherever the mismatch or difficulty regarding the PAN card itself is brought to notice, action is taken and resolution is provided to the taxpayer, the Minister stated.

The PAN (Permanent Account Number)

Post author By Mohan
Post date November 23, 2022
No Comments on The PAN (Permanent Account Number)

What is PAN?

PAN is an Identity Proof which is administered by the income tax department of India’s union government. it has 10 digits unique alphanumeric number letter. After applying for PAN it is issued in the form of an e-PAN in a registered email & Physical PAN of a laminated PVC card is sent to the communication address given below (generally known as a PAN card)

Pan card download sample format epan with QR Code pdf — PAN Card

Now we will examine the format of the ten characters of PAN. For this purpose, we will bring an illustrative PAN

If the PAN Number is AAAPA 0000 A

Out of the first five characters, the first three characters denote the alphabetic sequence running
from AAA to ZZZ

The fourth letter of PAN is

The fourth character of PAN represents the status of the PAN holder.
“P” stands for Individual
“C” stands for Company
“H” stands for Hindu Undivided Family (HUF)
“A” stands for Association of Persons (AOP)
“B” stands for Body of Individuals (BOI)
“G” stands for Government Agency
“J” stands for Artificial Juridical Person
“L” stands for Local Authority
“F” stands for Firm/ Limited Liability Partnership
“T” stands for Trust

Illustrative PAN: AAAPA 0000 A

The fifth character of PAN denotes the first surface of the PAN holder’s last name/surname in the case of an individual.

In the case of non-individual PAN holders, the fifth character denotes the first character of the PAN holder’s name.

Illustrative PAN: AAAPA 0000 A

The next four characters are sequential numbers running from 0001 to 9999.

Illustrative PAN: AAAPA 0000 A

The last character, i.e., the tenth digit is an alphabetic assessment digit

Utility of PAN

PAN allows the division to identify/ link all transactions of the PAN holder with the division. These transactions contain Loans that have been taken, GST, Income tax payments, TDS/TCS credits, To file ITR, etc. It enables easy recovery of data of PAN holders and matching of diverse acquisitions, borrowings and other trade activities of PAN holders.

Who has to apply for PAN?

Anyone citizen of India and NRI having earnings in India can apply

Anyone who has the total earnings or the total income of any other person in concern of which he is assessable during the year surpasses the maximum amount which is not chargeable to tax.

Anyone looking to apply for GST Registration
Planning to Open a bank account or demand account PAN mandatory
A charitable trust is required to deliver a return under Section 139(4A)
Every person who is carrying on any business or profession whose total sales, turnover, or gross receipts are or are likely to exceed five lakh rupees in any year
Every person who intends to enter into specified financial transactions in which quoting of PAN is mandatory.

Every non-individual resident person and persons associated with them shall apply for PAN if the financial transaction entered into by them during the financial year exceeds Rs. 2,50,000.

Transactions which need PAN have become compulsory

Following are the transactions in which quoting of PAN is mandatory by every person excluding the Central Government, the State Governments and the Consular Offices:
Sale or purchase of a motor vehicle.
Opening an account
Bank Deposit Account
Creating an application for the issue of a credit or debit card.
Opening of a Demat account
Payment in cash of an amount transcending Rs. 50,000 to a hotel or restaurant against the bill at any one time.
Payment in cash of an amount exceeding Rs. 50,000 in link with travel to any
foreign country or payment for the purchase of any foreign currency at any one time.
Payment of an amount exceeding Rs. 50,000 to a Mutual Fund for the purchase of its units
Payment of an amount exceeding Rs. 50,000 to a company or an institution for acquiring debentures or bonds issued by it. Payment of an amount exceeding Rs. 50,000 to the Reserve Bank of India for acquiring bonds issued by it.
Deposits of cash exceeding Rs. 50,000 during any one day with a banking company or a cooperative bank.
Deposits of cash aggregating to more than Rs. 2,50,000 during the period of 09th November 2016 to 30th December 2016 with a banking company, cooperative bank or post office.
Payment in cash for an amount exceeding Rs. 50,000 during any one day for the purchase of bank drafts or pay orders or banker’s cheques from a banking company or a cooperative bank.
A time deposit of an amount exceeding Rs. 50,000 or aggregating to more than Rs. 5 lakh
during a financial year with –
(i) a banking company or a cooperative bank
(ii) a Post Office;
(iii) a Nidhi referred to in section 406 of the Companies Act, 2013 or
(iv) a non-banking financial company
Payment in cash or by way of a bank draft or pay order or banker’s cheque of an amount aggregating to more than Rs. 50,000 in a financial year for one or more pre-paid payment instruments, as defined in the policy guidelines for the issuance and operation of pre-paid
payment instruments issued by the Reserve Bank of India under section 18 of the Payment and Settlement Systems Act, 2007 to a banking company or a cooperative bank or to any other company or organisation. Payment of an amount aggregating to more than Rs. 50,000 in a financial year as a life insurance premium to an insurer
A contract for the sale or purchase of securities (other than shares) for an amount surpassing Rs. 1 lakh per transaction
Sale or purchase, by any person, of shares of a company not listed in a recognised stock exchange for an amount exceeding Rs. 1 lakh per transaction. Sale or purchase of any immovable property for an amount surpassing Rs. 10 lakh or valued by stamp valuation authority guided to in section 50C of the Act at an amount exceeding ten lakh rupees.
Sale or purchase of goods or services of any nature other than those defined above for an amount surpassing Rs. 2 lakh per transaction.

NOTE

A minor person can quote the PAN of his father or mother or guardian provided he does not have any income chargeable to income tax.
Any person, who does not have a PAN and enters into any of the above transactions, can make a declaration in Form No.60.
Any person who has an account (other than a time deposit referred at point no. 12 and a Basic Saving Bank Deposit Account) maintained with a banking company or a co-operative bank. He will be required to furnish his PAN or Form No.60 on or before 30-06-2017 if he has not quoted his PAN or furnished Form No. 60 at the time of opening of such account or subsequently.

What is the full form of UIDAI

Post author By Mohan
Post date November 22, 2022

Unique Identification Authority of India. has presented different forms of Aadhaar from time to time for the convenience of residents

Founder: Indian Government

Founded: 28 January 2009, India

Headquarters: New Delhi

From July 1 2017 onwards Aadhaar is mandatory for applying for PAN Card

UIDAI used it for?

The Aadhaar system delivers single-source offline/online identity validation across the country for the residents. Once residents enrol, they can use their Aadhaar number to show and verify their identity multiple times using electronic means or through offline confirmation, as the case may be.