Got an Aadhaar card? Now, you can get PAN card instantly
Do you have an Aadhaar card? It will make life a lot easier as now you can get a PAN card instantly. All thanks to a new scheme by the government. Finance Minister Nirmala Sitharaman on Thursday launched a facility for instant allotment of online PAN on furnishing Aadhaar details. The scheme was initially proposed by the finance minister during her Budget 2020 speech. (Source - PTI)
Announced in Budget 2020
The Budget 2020-21 had proposed to launch a system under which Permanent Account Number (PAN) shall be instantly allotted online on the basis of Aadhaar without filling up the detailed application form as it sought to further ease the process of PAN allotment. Source - Reuters.
New Scheme Launched
Issued on a near to real time basis, the allotment process is paperless and an electronic PAN (e-PAN) is issued to the applicants free of cost by the income tax department. In a statement, the Central Board of Direct Taxes (CBDT) said Finance Minister Nirmala Sitharaman on Thursday formally launched the facility. Source - Reuters.
Service available now
The 'beta version' for instant allotment of PAN on trial basis was started on February 12, 2020 on the e-filing website of the Income-Tax Department. Since then, 6,77,680 instant PANs have been allotted with a turnaround time of about 10 minutes, till May 25, 2020. Source - Reuters.
How to get instant PAN card with Aadhaar?
Go to the e-filing website of the Income Tax Department. Share your Aadhaar number. You will get an OTP on your registered number. Submit the OTP. Once the process is over, a 15-digit acknowledgment number will be generated. Once allotted, the e-PAN card can be downloaded from the portal. The e-PAN is also sent to applicant on the email id, if registered with Aadhaar. Source - PTI.