Individuals paying income tax and existing assesses need to have Permanent Account Number(PAN), which is a ten-digit alphanumeric identifier, to file their returns. PAN is mandatory for those who want to enter into economic or financial transactions as it is one of the most important financial documents. Furnished also as an identity proof, if you are seeking to have this card, follow the steps given below to get it in just 48 hours.

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Interested person should first apply for a PAN card by filling in Form 49A or Form 49AA through online mode, available on NSDL website www.tin-nsdl.com. You can get the application form from any NSDL TIN-Facilitation Centre (TIN-FC), and get it downloaded free of cost from the NSDL website. 

You need to have two recent colour photographs with white background (size 3.5 cm x 2.5 cm) to affix in the space provided on the form. While submitting you application form, you are required to have documents including ID proof, and address proof, along with date of birth. For these documents, you can produce documents including your birth certificate, driving license, Aadhaar card, passport, electricity bill and ration card. Further, you should also submit your mobile number and email address. Those going ahead with online application, they need to provide digital signature.

You should submit all the details in your PAN card application accurately and error free manner. After completing this formality, you need to pay application fee through online mode. Notably, while submitting your PAN application, you will shown the option of choose between physical card or e-PAN. This is up to you to select one of the options. After successful submission of your form, you will receive an acknowledgement with a unique 15-digit number. 

Now, you would be be able to track down your PAN status through this number. Once your details are verified, you will receive your PAN card in about days i.e, 48 hours. 

Notably, electronic PAN called e-PAN is also valid like a physical PAN because this is a digitally signed PAN card issued in an electronic format. PAN holders should ensure that they do not have more than one PAN because this may land you in trouble, and you may have to pay a penalty up to Rs 10,000.