New Income Tax 2.0 Portal: How to get INSTANT e-PAN? Download in simple steps from incometax.gov.in website
The Income Tax Department has mandated the use of PAN on the return of income on all tax-related transactions.
Permanent Account Number (PAN) is a unique 10-digit alphanumeric number issued by the Income Tax Department to Indian taxpayers.
Through this, the department records all tax-related transactions and information of an individual against his unique PAN card. This allows the taxman to link all tax-related activities with the department.
See Zee Business Live TV Streaming Below:
The Income Tax Department has mandated the use of PAN on the return of income on all tax-related transactions. PAN is an integral aspect when it comes to tracking the transactions and monitoring the inflow and outflow of an individual’s money. The PAN acts as a database for all individual transactions like the tax collected at source (TCS)/tax deducted at source (TDS) credits, income tax payments, return on gift/investments/wealth, bank account opening, applying for credit or debit card, large amount financial transactions, etc.
But many a time people lose their PAN cards or sometimes it gets damaged. In such cases, the income tax department has come up with an option. The department has allowed instant e-PAN card download.
This facility is available on the new income tax portal incometax.gov.in. Through this, you can download an e-PAN card without the PAN number by using the Aadhaar number. But make sure that your Aadhaar should be linked with your PAN.
However, e-PAN facility can be used under the following conditions
- The person has never been allotted a PAN before.
- The person mobile number is linked with the Aadhaar number.
- The person complete date of birth is available on the Aadhaar card.
- The person should not be a minor on the date of application for PAN.
- If the Aadhaar-PAN link is not completed, then e-PAN can't be downloaded.
Step to download e-PAN from Income Tax 2.0 Portal
- Login to the official website incometax.gov.in
- Click Our Services in the extreme left
- Click on Instant E PAN
- Click on New E PAN
- Enter Aadhaar Number
- Read terms and conditions and Click on Accept button
- You will get an OTP on your registered mobile number
- Enter OTP
- Check other details, enter your e-mail, click on the Confirm button.
Your e-PAN will be sent on your registered e-mail ID. The e-PAN facility is for the allotment of instant PAN, on a real-time basis, for those applicants who have a valid Aadhaar number.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
01:29 PM IST