In view of the needs of the people in the midst of the Corona crisis, the central government has now made the rules for making PAN more easy. Now the PAN number will be issued immediately with the application. Finance Minister Nirmala Sitharaman has formally started this facility.
Giving information about Aadhaar required for PAN application, the Central Board of Direct Taxes (CBDT) said that this facility is now available for those PAN applicants who have an Aadhaar number and mobile number associated with Aadhaar. Because through the mobile OTP, the applicant’s application will be validated.
It is a type of paperless and real time based facility. According to the Income Tax Department, it will take only a few minutes to issue a PAN card through this facility. It is being released in electronic pan free. That is, it will not take money to build it. It is named e-PAN. (Photo: File)
With the introduction of this facility, people will no longer have to take long lines and will also get rid of the hassle of filling forms. Under the new facility, it has been made mandatory to have an Aadhaar number to get a PAN number.
With the application issued PAN number, in
fact, Finance Minister Nirmala Sitharaman announced to start the facility of immediate allocation of PAN number during the budget of 2020-21, which has been started. Now those who have an Aadhaar number can apply on the website of the Income Tax Department, after which the PAN number will be allotted to them immediately. This allocation will be on real time basis.
To get PAN number online, visit Income Tax Department website incometaxindiaefiling.gov.in. Click Instant PAN through Aadhaar section here, after that click on Get New PAN. In which the details of the Aadhar card have to be filled.
OTP is generated as soon as Aadhaar is filled, which comes on the registered mobile number. After that enter your email id. On which shortly after application, the e-KYC data of Aadhaar is transferred to e-PAN. After the process is complete, e-PAN will be found in PDF format, which will have to be entered for downloading the Aadhaar number. PAN will also be found on mail.
PAN card is used especially in financial transactions. PAN is required to open a bank account and take a loan. Right now it takes 15 days to a month to reach home by making a PAN card by post. But now with this initiative of the government, the applicant will get his PAN number immediately. A 10 digit number remains on the PAN card.