1 / 4

What Is Electronic PAN and How To Get It Instantly?

In a case you do not have a Permanent Account Number, it is best to get the e-PAN instantly. This can be availed from the income tax department website. E-PAN is a digitally signed PAN card that is provided by the I-T department in an electronic format on the basis of Aadhaar card. This service is started on 29 June and is available for a limited period based on the first come first basis. If you are looking for a New Pan Card, this can be applied and received free of cost. For this, the applicant has to hold a valid Aadhaar number.

mayakashyap698
Download Presentation

What Is Electronic PAN and How To Get It Instantly?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WHAT IS ELECTRONIC PAN? HOW TO GET IT INSTANTLY?

  2. What Is Electronic PAN and How To Get It Instantly? In a case you do not have a Permanent Account Number, it is best to get the e-PAN instantly. This can be availed from the income tax department website. E-PAN is a digitally signed PAN card that is provided by the I-T department in an electronic format on the basis of Aadhaar card. This service is started on 29 June and is available for a limited period based on the first come first basis. If you are looking for a New Pan Card, this can be applied and received free of cost. For this, the applicant has to hold a valid Aadhaar number. When you applying for this card normally it takes only 10-15 days after the request is filled along with the requisite form along with payment of the required fees. Do you know who can apply for this e-PAN? Any individual can apply but not the minors, Hindu Undivided Family forms, companies and trust cannot apply for it. In addition, an individual who is covered under Section 160 of the Income Tax Act can easily file for this e-card.

  3. In order to apply for the new PAN an individual need to have a valid Aadhaar card with a mobile number updated. In the application process, OTP will be sent to this mobile number for the e-KYC. No supporting documentation is required such as address proof and date of birth. However, an individual has to upload a signature along with the recent photograph in suggested format. Before you apply for the card, it is recommended to check the Aadhaar details and get them updated in case of any correction is required. This will avoid any rejection in e-PAN. For the New Pan Card Apply ensure that you fill the details carefully and you meet the necessary requirements. No physical PAN card will be provided if you already have an e-PAN. Once the e-PAN is allotted, an individual can easily download the e-PAN form from the I-T department website. This facility is definitely great support to people who are unable to get the normal PAN card when needed urgently. HOW TO APPLY FOR THE E-PAN?

  4. Why PAN is necessary for India? A PAN card is necessary for almost all the important financial transactions. In this, the I-T department easily identify all the transactions of a tax assessed such as returns, tax payment and specific transactions where a PAN number should be quoted. Along with this, as per the Indian Tax Laws it is mandated to quote a PAN number for various sales and purchases of immovable properties exceeding Rs. 10 lakh, purchase of motor vehicles, securities exceeding Rs. 1 lakh, open a bank account, demat account, buy mutual funds, debentures, RBI bonds and credit cards. Thus, if you do not have a PAN card, then it is necessary to file for the e-APN and use it for the tax return and other financial transactions. This card is issued instantly and takes only few minutes to apply online and get it allotted as per Aadhaar card details. PAN Card Services

More Related