New Delhi, June 30: The Income Tax Department (ITD) which receives nearly 15-20 lakh applications per week for PAN Card, finally launched the facility of e-PAN on a real-time basis yesterday. The move to launch e-PAN was to reduce the interaction with the IT Department and also help the taxpayers generate their permanent account number (PAN) without much ado.
If one has an Aadhaar, the process becomes relatively more simple. No documents need to be submitted as the e-PAN will be generated with the details you’ve provided in your Aadhaar card. The only thing which one needs to make sure is that the details are updated since an e-KYC will be done using the Aadhaar database.
After the e-KYC is done, the application for the e-PAN will be in process. Once the e-KYC has been done, one needs to upload his/her scanned signature on the ITD’s website, adhering to all the specifications mentioned by the tax department. Once the application gets filed, a 15-digit acknowledgement number will be generated and it would sent to the mobile number or the email address mentioned in the application form.
The process is completely free and is also eco-friendly as it doesn’t require much paperwork. This has resulted in the government endorsing this e-PAN facility. It must be however noted that the e-PAN facility is available for resident individual tax payers and is open for a limited period on a first-come, first-served basis for valid Aadhaar holders. This service would not be extended to Hindu undivided family (HUF), firms, trusts and companies.