How to verify PAN card online: Why it is important
PAN card verification online: The Permanent Account Number or PAN can now be verified by the holders without physically visiting to the income tax office.
PAN card verification online: The Permanent Account Number or PAN can now be verified by the holders without physically visiting to the income tax office. The PAN cardholders can verify it from the comfort of their home. One can easily do online PAN verification through the Income Tax Department e-filing website. This facility is referred to as "PAN Verification" or "Know Your PAN".
Here is how you can verify your PAN online:
Step-1: The person has to visit the Income Tax Department e-filing website - https://incometaxindiaefiling.gov.in and login
Step-2: They have to Login and navigate to Profile Settings > My Profile to view the details
For bulk PAN verification (For government and non-government agencies)
Step-1: Register as a Bulk PAN Verification Agency on incometaxindiaefiling.gov.in
Step-2: Go to Bulk PAN Query and click on "Upload Query"
Step-3: Upload the query in the specified format and click on submit
Step-4: On submission a token number will be generated.
Step-5: Status of the PAN uploaded through the query system will be displayed
Why PAN is important?
Having a PAN is very important, as it is used for various purposes. While opening bank account, filing tax, booking tickets, or many other financial transactions PAN is a must. PAN is also required while purchasing anything which is worth over Rs 50,000. While buying a car, or taking a loan PAN is required. PAN is asked while applying for many other things. Therefore, owning a PAN is very important.
PAN is also important for various financial transactions that go beyond a limit. One can also link PAN and AADHAAR through the Income Tax Department website.
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
SBI Guaranteed Return Scheme: Know how much maturity amount you will get on Rs 2 lakh, 2.5 lakh, 3 lakh, 3.5 lakh and Rs 4 lakh investments under Amrit Vrishti FD scheme
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Power of Compounding: How soon will monthly SIP of Rs 6,000, Rs 8,000, and Rs 10,000 reach Rs 5 crore corpus target?
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
04:22 PM IST