PAN card Archives -

Lost Your PAN card? Get an Instant PAN

Tue, 12 Oct 2021 04:38:55 +0000

The Buyt Desk

Permanent Account Number (PAN) is one of the most important identification numbers. It is issued by the tax department to an individual. PAN is a mandatory document to carry out financial transactions within the country as well as overseas. Now it is also mandatory to share your PAN number for carrying out high-value transactions. If you fail to provide the PAN number you will have to face a penalty.

What To Do When You Don’t Have a PAN?

If you have not made your PAN, or it is lost your pan card, all you can do is apply for a new pan and wait for at least 15 days to receive the same. But now, the Department of Tax has made the process of getting a new PAN easy and quick. You can have the new pan instantly, provided you have your Aadhaar Card. The new card issuance process uses Aadhaar based eKYC. There are no charges involved in getting PAN this way.

How To Get a PAN Card With Aadhaar KYC?

Anyone who has a valid Aadhaar number and mobile number registered with UIDAI can apply for instant PAN. Here is how you can apply for the card.

Visit the new portal of the income tax department, and in the section, go to the option Instant PAN.
This facility provides e-PAN in PDF format on a real-time basis.

Click on the option Get new E-PAN.

A dialogue box will open asking for a few details. At first, enter your Aadhaar Card number and click on options seeking your affirmation.

I have been allotted a PAN.
My active mobile number is linked with Aadhaar.
My complete details of the birth are available on Aadhaar.
I am not a minor as on the application date of Permanent Account Number.

Upon completing this formality, you would receive an OTP on your registered mobile number. After entering the same, you would receive your 15 digits acknowledgement number.

Soon, you will receive a copy of lost your PAN card along with the date and time on the email ID registered with the Aadhaar Number.

How To Track Instant PAN Application Status?

The install PAN offers you the facility to track your application status by using the acknowledgement number. For this, click on the link ‘Instant PAN Through Aadhaar’ and then click on the option ‘Check Status of PAN’. Enter the Aadhaar number at the provided space to receive OTP on your Aadhaar registered mobile number.

Enter the same, and check the status of whether the PAN is allotted to you or not.

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How to Apply for a New PAN Card?

Thu, 29 Jul 2021 06:23:26 +0000

The Buyt Desk

There were 50.95 crore PAN cardholders in India as of June 2020. The number is on the rise. The government simplified the process of acquiring a PAN card by linking the Aadhaar card with it. It takes only 5 minutes to apply for a PAN card using the Aadhaar number.

With the entire population having PAN cards, the government can keep a tab on money laundering. A PAN card is essential for you too. Opening a bank account, investing, filing an ITR, and applying for a home loan are some of the functions of a PAN card.

You can apply for a PAN card online through the NSDL or UTIITSL website. Also, you can visit their PAN card service centres to submit a physical application offline.

Essentials for a PAN Card Online Application

For a PAN card application, you have to fill form 49A. It is available on NSDL or UTIITSL websites. You can download and print it. The hard copy of form 49A will be available at the PAN card service centres.
The fee, inclusive of service tax, for obtaining a PAN card is Rs.94.
Along with the application form, submit identity proof, residence proof, and date of birth proof. Also, submit two passport size photographs.
Fill the form in block letters. Ensure the scanned photograph is coloured, 300pi and 213*213 pixels resolution, and JPEG format. Its size should not be greater than 30kb. The image of the signature should be black and white, 600pi resolution, and JPEG format. It should not exceed 60kb in size.

Application for a New PAN card on the NSDL website

The following are the steps to apply for a new PAN card:

Visit the NSDL website.
Click on the option “new PAN card for Indian citizens.”
Form 49A appears on a new page. Populate the form with accurate personal details such as the Aadhaar card number.
Enter the security code.
Before submission, check your form thoroughly.
After clicking submit, the payment page will open. You can use digital payment methods like debit or credit cards, net banking. Otherwise, you can pay with a Cheque or DD in favour of NSDL.
Finally, an acknowledgement receipt will appear. Print this receipt. Affix your photograph and signature on the acknowledgement receipt. Post it to the IT Department with identity, residence, and date of birth proofs in 15 days.
After validation, the PAN card number is received through SMS and email. The hard copy of the PAN card arrives in 20 working days at your registered address.

The application process is the same through the UTIITSL website. Be sure to select the “New PAN card application option. To apply offline, visit the nearest PAN card service centre, obtain form 49A and fill it with mandatory details. The identify proof and residence proof should support the details in the completed form. You can even find form 49A online and take a printout. After filing the form, attach proofs, affix the photograph, sign, and submit the form at the centre. Payment options are DD, Cheque, cash, and digital payment methods.

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Why Should You Link Your PAN card with Your Aadhar card

Sat, 10 Apr 2021 12:49:53 +0000

The Buyt Desk

For a long time now, the Government has made it mandatory to link PAN card with Aadhar card. It is a rule under Section 139AA of the Income Tax Act. The last date for linking PAN card with Aadhar card is June 30, 2021. If you have not done it then your PAN card is likely to become inoperative. This means you cannot file your IT returns.

You may be wondering how does linkinkg of PAN-Aadhar will affect you? Well it is being done to support the honest taxpayers. With this, the Income Tax (IT) Department will prevent tax evasion, weed out fake ID holders, and prevent black money circulation. Indirectly, all this is bound to make you richer. Thus, it is in your favor to link your PAN card with your Aadhar card, and apprise others to do the same.

Weed out fake PAN cards

To evade taxes altogether or pay fewer taxes, some individuals have created fake PAN cards. Once PAN cards are linked with Aadhar cards, the Government will be able to identify these fake documents. In totality, the tax evaders will be identified and tax payments will increase.

Easy Audit of money transactions by the IT Department

Aadhar cards are already linked with the bank accounts of the citizens. Once PAN cards are linked to Aadhar cards, the IT Department can easily audit every monetary transaction being made. As a result, no one will be able to hide the movement of money, and everyone will be bound to pay the tax due.

Stop circulation of black money

Criminals perform crimes by using fake identity documents.Through linking of PAN -Aadhar card, the Government will be able in a better position to go after those who indulge in black money circulation. The spread of Aadhar cards is greater than the spread of PAN cards in the country. Thus, linking them together will definitely increase the tax collection and decrease black money circulation.

Benefit to the honest taxpayers

For an honest taxpayer, the data that only 1-2% of the population pays the income tax is discouraging. He deserves a reward for paying full taxes in due time. The tax collection by the IT Department will improve by linking PAN cards and Aadhar cards. Eventually, this will benefit citizens, who pay taxes diligently.

Ease of filing IT returns

Earlier, you would fill your ITR online, take the printout of the acknowledgment and post it to the Bangalore Head Office of the IT Department. Linking your PAN card with your Aadhar card rescues you from this hassle. After filing the ITR online, you can simply verify it using your Aadhar card number. An OTP (One-Time Password) is received on your mobile number linked to the Aadhar card. Once you feed the OTP online, your ITR is verified and submitted.

We hope that you have already linked your PAN card with your Aadhar card. If not, do it immediately not only because your PAN card will become nonfunctional, but also to enjoy the benefits mentioned above.

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