Government working on a plan to ensure e-PAN approvals in less than 10 minutes
5 years, 6 months ago

Government working on a plan to ensure e-PAN approvals in less than 10 minutes

Firstpost  

In a bid to make the process of getting a Permanent Account Number card simpler, the Income Tax department is now planning on allotting e-PAN cards to applicants which will be processed within a span of 10 minutes. Addressing the Lok Sabha, Thakur said, “Real Time PAN/TAN Processing Centre is being contemplated for future with the objective of allotment of e-PAN through Aadhaar based e-KYC on near to real-time basis.” Back in December 2018, the Central Board of Direct Taxes had issued a notification stating that electronically issued PAN cards in PDF format with a QR code are valid PAN cards. From what we understand of Thakur’s statement, electronic PAN Cards will be issued by the Income Tax department using e-KYC. The Minister of state for finance also mentioned that steps are being taken by the Income Tax department to further reduce the time required to allot PAN, particularly for applicants applying through the Aadhaar-based e-KYC route.

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History of this topic

Phishing Alert: Fraudulent e-PAN Card emails on rise, here’s how to protect yourself
2 weeks, 1 day ago

Phishing Alert: Fraudulent e-PAN Card emails on rise, here’s how to protect yourself

Live Mint  

Scammers calling people to disclose their bank details is a common form of fraud in India. Now, a new form of fraud has come to light where fraudsters posing as government officials are sending recipients a 'Download e-PAN Card Free Online'. How the e-PAN fraud takes place The phishing emails have a subject line like “Download e-PAN Card Free Online: …

How integrating PAN 2.0 with Aadhaar and ‘e-Rupee’ can streamline investments and KYC
4 weeks, 2 days ago

How integrating PAN 2.0 with Aadhaar and ‘e-Rupee’ can streamline investments and KYC

Live Mint  

On your last vacation, remember the number of times you had to show your physical Aadhaar card and Permanent Account Number card to comply with know-your-customer norms at hotels and airports? Integrating the Aadhaar card’s address details in the dynamic QR code can make PAN 2.0 a universally acceptable single-point identity and address proof identifier for investments across asset classes. …

PAN 2.0: Get your e-PAN in your inbox—no hassle, just smarter!
1 month, 2 weeks ago

PAN 2.0: Get your e-PAN in your inbox—no hassle, just smarter!

India Today  

Under the new PAN 2.0 project, existing PAN cards will remain valid, and users will automatically receive an electronic version of their card via email without needing to apply. Existing PAN holders can update or correct details like their name, date of birth, email, mobile number, or address free of charge after the PAN 2.0 project launches. The government plans …

PAN 2.0 sounds good but will it end fraud through impersonation?
1 month, 2 weeks ago

PAN 2.0 sounds good but will it end fraud through impersonation?

Live Mint  

The Cabinet Committee on Economic Affairs earlier this week approved a plan of India’s Income Tax Department to roll out its PAN 2.0 project. It’s unclear if linking PAN cards with Aadhaar IDs, which eases the use of one-time-passwords sent to people’s phones for instant verification, has helped reduce our exposure to fraud risks. At last count, India had issued …

PAN 2.0: New e-PAN to come in mail without applying again, QR and other details
1 month, 2 weeks ago

PAN 2.0: New e-PAN to come in mail without applying again, QR and other details

Hindustan Times  

Existing PAN cards will continue to remain valid under the PAN 2.0 project with users supposed to automatically receive an electronic version of it in their mail ID, without applying for it. The government has decided to make PAN as the "common business identifier" for all digital systems of specified govt agencies, as announced in the Union Budget 2023 However, …

PAN-Aadhaar link now mandatory – Check deadline
2 months ago

PAN-Aadhaar link now mandatory – Check deadline

India Today  

The Indian government has introduced a new rule requiring all PAN cardholders to link their PAN with Aadhaar to combat financial fraud. This move comes in response to a surge in financial fraud, with reports of fintech firms using PAN data to create customer profiles without permission, raising serious privacy concerns. The main aim of linking PAN with Aadhaar is …

How to apply for PAN online using Aadhaar number? A step-by-step guide
1 year, 3 months ago

How to apply for PAN online using Aadhaar number? A step-by-step guide

Live Mint  

So many people are concerned that they are neither unable to file their income tax returns nor file their nomination details due to lack of a PAN Card. This innovation has given rise to the introduction of the e-PAN card facility, also known as instant PAN, which is allocated to applicants with a valid Aadhaar number. The government's introduction of …

PAN-Aadhaar Link Check: Know Status Online Before Last Date, Step-By-Step Guide
1 year, 7 months ago

PAN-Aadhaar Link Check: Know Status Online Before Last Date, Step-By-Step Guide

News 18  

PAN-Aadhaar Link Check: Permanent Account Number is a ten-digit unique alphanumeric number issued by the Income Tax Department in India. PAN-Aadhaar Link Last Date 2023 If you are yet to link the PAN card with Aadhaar, then you need to link them by June 30, 2023. Step 1: View PAN-Aadhaar link status without signing in on www.incometax.gov.in/iec/foportal/ Step 2: On …

Aadhaar, PAN details now mandatory for investing in small savings schemes: Govt
1 year, 9 months ago

Aadhaar, PAN details now mandatory for investing in small savings schemes: Govt

Hindustan Times  

The last date for linking Permanent Account Number and Aadhaar has been extended till June 30. Now, the Ministry of Finance has said that your PAN and Aadhaar number are mandatory for investments in small savings schemes. The notification says that the subscribers having invested in small saving schemes like PPF, Sukanya Samriddhi Yojana, National Savings Certificate etc should submit …

PAN Aadhaar Not Linked? After March 31, Be Ready To Face These Consequences
1 year, 9 months ago

PAN Aadhaar Not Linked? After March 31, Be Ready To Face These Consequences

News 18  

PAN-Aadhaar Link: PAN Card stands for Permanent Account Number Card. PAN Card is an essential document in India for several reasons and you will not be able to use the PAN card from April 1, 2023 if it is not linked with your Aadhaar number by March 31. Linking of PAN with Aadhar Number As per section 139AA in the …

PAN Card Decoded: Why PAN Number Is Must For You In India? Know Compulsory Provisions
1 year, 10 months ago

PAN Card Decoded: Why PAN Number Is Must For You In India? Know Compulsory Provisions

News 18  

The PAN Card is an important document in India for several reasons. It is mandatory to quote the PAN while filing income tax returns, and it is also required for certain financial transactions such as opening a bank account, investing in mutual funds, and buying property. 5 lakh during a financial year with – a banking company or a co-operative …

Want to apply for NRI PAN card? Follow these steps
1 year, 10 months ago

Want to apply for NRI PAN card? Follow these steps

Hindustan Times  

A Permanent Account Number is a ten-digit alphanumeric number issued by the Income Tax Department of India. A PAN card is also required for a Non-Resident Indian who earns taxable income in India -- in order to file income tax returns. Check the application process, documents required, and other information about the NRI PAN card. Offline PAN application process for …

KYC Update: Sebi Asks Investors To Link PAN With Aadhaar By March 31, Check Details
1 year, 10 months ago

KYC Update: Sebi Asks Investors To Link PAN With Aadhaar By March 31, Check Details

News 18  

Capital markets regulator Sebi on Wednesday asked all investors to link their PAN with Aadhaar number by March-end for continual and smooth transactions in the securities market. The Central Board of Direct Taxes issued a circular in March 2022, whereby the PAN allotted to a person would become inoperative if it is not linked with Aadhaar by March 31, 2023, …

Haven't Updated Your Aadhaar Card For 10 Years? Here's What You Must Know Then
1 year, 10 months ago

Haven't Updated Your Aadhaar Card For 10 Years? Here's What You Must Know Then

News 18  

Today, having an Aadhaar card has practically become a must. Following the recent notification of the Unique Identification Authority of India, your Aadhaar card may be terminated if it has been more than ten years since you last made any modifications. According to UIDAI, anyone having an outdated Aadhaar card who has not yet finished e-KYC can immediately visit the …

PAN Cards Not Linked To Aadhaar Will Become ‘Inoperative’ After March 31
2 years ago

PAN Cards Not Linked To Aadhaar Will Become ‘Inoperative’ After March 31

News 18  

The Aadhaar card and PAN card are two of the most crucial identification documents that one must have to seamlessly conduct any bank transitions. The Income Tax department on December 24 issued an advisory that the Permanent Account Numbers which are not yet linked with their Aadhaar by the end of March 2023 will be deemed as “inoperative”. Originally set …

What is an Aadhaar Card and How to link it with PAN?
2 years, 2 months ago

What is an Aadhaar Card and How to link it with PAN?

Live Mint  

Aadhaar Card is an identity proof for Indian residents containing a 12 digit individual identification number issued by the Unique Identification Authority of India on behalf of the government. One can download the online form on the UIDAI website or take it from an Aadhaar enrolment center and complete the process by submitting supporting documents besides completing a biometric verification …

Cash Withdrawals, Deposits Rule to Change Soon: PAN, Aadhaar To Become Mandatory For These Transactions
2 years, 8 months ago

Cash Withdrawals, Deposits Rule to Change Soon: PAN, Aadhaar To Become Mandatory For These Transactions

News 18  

People who deposit or withdraw cash more than Rs 20 lakh from the bank account, including co-operative banks and post offices, in a financial year will now have to quote their permanent account number or Aadhaar number. Here’s what the new rules say and why it has been made mandatory: What the Rules Say According to a notification by the …

Here's why linking PAN card with Aadhaar is crucial by March 31
3 years ago

Here's why linking PAN card with Aadhaar is crucial by March 31

Hindustan Times  

Indians are advised to link their Permanent Account Number with their Aadhaar card by March 31, 2022. If not done by the given deadline, the PAN card can become invalid and a fee of ₹1,000 may be required for linking the PAN card with Aadhaar thereafter, reported Hindustan Times's sister publication LiveMint. Indians must link their Permanent Account Number with …

How to e-sign or digitally sign Aadhaar card
3 years, 2 months ago

How to e-sign or digitally sign Aadhaar card

India Today  

An Aadhaar card is an important identity document for official as well as bank-related transactions in India. The digital Aadhaar needs to have an eSign confirmation for the use of the online Aadhaar Card. As per the NSDL e-Governance Infrastructure Limited, the digital signature allows the bearer to sign the Aadhaar document. Benefits of eSign on Aadhaar : Maintains privacy …

SBI, HDFC Customers: Follow this Rule by June-end or Banking Services to be Hit
3 years, 6 months ago

SBI, HDFC Customers: Follow this Rule by June-end or Banking Services to be Hit

News 18  

The Permanent Account Number must be linked to Aadhaar card by the end of this month. “If a person fails to intimate the Aadhaar number, the permanent account number allotted to such person shall be made inoperative after the notified date in the manner as may be provided by rules,” according to Clause 41 of Section 139AA of the Income …

PAN-Aadhaar Linking Must by June 30: How to Do it Via New Income Tax Website
3 years, 7 months ago

PAN-Aadhaar Linking Must by June 30: How to Do it Via New Income Tax Website

News 18  

Aadhaar Card is now our one-stop solution for the documentation required for various services offered by the government and other agencies. For performing smooth financial transactions, the government had made linking of the PAN card with Aadhaar mandatory. Giving such individuals another chance, the government has extended the last date of the linking PAN card with Aadhaar to June 30. …

SBI Customers: These Documents Need to be Updated by June-end to Avail Services
3 years, 7 months ago

SBI Customers: These Documents Need to be Updated by June-end to Avail Services

News 18  

Nation’s largest public sector bank, the State Bank of India has issued a notice to its customers. Taking to Twitter, countries largest public sector bank shared the information via their official handle, TheOfficialSBI. The bank officials apprised their customers to link their PAN card to Aadhaar number to avoid any inconvenience and continue enjoying seamless banking services. The bank has …

Last date to link Aadhaar card and PAN on March 31. Details here
3 years, 9 months ago

Last date to link Aadhaar card and PAN on March 31. Details here

Hindustan Times  

The last date to link your Permanent Account Number to your Aadhaar card is set for March 31 and a failure to do so could result in the PAN card becoming inoperative from April 1. Unless the deadline is extended again, all Aadhaar cards need to be linked to PAN by March 31. Here is how you can link Aadhaar …

PAN card: 5 cases where you cannot use Aadhaar card to apply for instant e-PAN
4 years, 7 months ago

PAN card: 5 cases where you cannot use Aadhaar card to apply for instant e-PAN

Live Mint  

With the launch of the instant e-PAN card facility, getting a new PAN card is not only easy and paperless now but also completely free of cost. As the income tax department has made e-PAN card equivalent to the old laminated PAN card, having a PDF copy of the 10-digit alphanumeric card is as good as the physical copy. However, …

E PAN application using Aadhaar card: Important things to know
4 years, 7 months ago

E PAN application using Aadhaar card: Important things to know

India Today  

The process to obtain instant PAN has been made simpler. You can apply for an instant PAN card for free with the condition of having an Aadhaar card. People can easily apply for instant PAN using Aadhaar-based e-KYC. Here are some important things you should know about the application of instant PAN with Aadhaar: To apply for instant PAN, visit …

E PAN: Know the application process in simple steps
4 years, 7 months ago

E PAN: Know the application process in simple steps

India Today  

E-PAN is a digital PAN card issued by the Income-tax department. The facility of instant PAN allotment through Aadhaar card has been officially launched after the beta version was launched in February 2020. The Aadhaar cardholders having a mobile number registered in the UIDAI database can apply for instant Permanent Account Number. To apply for instant PAN, follow these simple …

Instant PAN card application using Aadhaar card: 5 things to know
4 years, 7 months ago

Instant PAN card application using Aadhaar card: 5 things to know

Live Mint  

Getting a PAN card from the income tax department is now easier than ever before as anyone with an Aadhaar card can get an instant e-PAN for free. 5 things to know about instant PAN card application with Aadhaar: 1) Getting an electronic PAN card from the income tax department's e-filing portal is easy. The income tax department had recently …

PAN card holders could be fined ₹10,000 for not linking it with Aadhaar
4 years, 10 months ago

PAN card holders could be fined ₹10,000 for not linking it with Aadhaar

Live Mint  

If you fail to link your PAN card with Aadhaar card within the deadline of March 31, then the income tax department might impose a penalty of ₹10,000 on you for using an inoperative Permanent Account Number. The income tax department had earlier announced that all unlinked PAN cards will be declared as "inoperative" and now it has issued a …

Aadhaar card holders can now get a free PAN card in just 10 minutes. Here’s how to apply
4 years, 10 months ago

Aadhaar card holders can now get a free PAN card in just 10 minutes. Here’s how to apply

Live Mint  

To get a new PAN card you need not fill up a 2-page application form and wait for a few days anymore as the income tax department has launched a new facility for taxpayers allowing anyone with an Aadhaar card to get an instant PAN card online and that too for free. The instant e-PAN card application form needs you …

PAN card, Aadhaar card linking new deadline announced. 5 things to know
5 years ago

PAN card, Aadhaar card linking new deadline announced. 5 things to know

Live Mint  

The income tax department has once again extended the deadline for linking of PAN card and Aadhaar card. After the 2018 Supreme Court verdict on constitutional the validity of Aadhaar, the 12-digit identification number is mandatory not only for filing of income tax returns but also for Permanent Account Number card. PAN card, Aadhaar card linking rule explained in 5 …

December 31 is the last date for these financial tasks
5 years ago

December 31 is the last date for these financial tasks

Live Mint  

As the year 2019 comes to a close, let us have a look at the deadlines which are falling on December 31. In a tweet last week, the income tax department asked taxpayers to complete the linking process on or before December 31 without which PAN will become inoperative. Belated ITR filing: If you are one of those few who …

Alert! Aadhaar-PAN Linking Deadline Is December 31; Here's How You Can Do It And Check Status Online
5 years ago

Alert! Aadhaar-PAN Linking Deadline Is December 31; Here's How You Can Do It And Check Status Online

ABP News  

Still have not linked your Permanent Account Number with Aadhaar? According to a recent notification by the Income Tax department, it is mandatory for all to link the two identity document with each other before December 31, 2019. Chances are, those who fail to link their PAN with Aadhaar might stand to be barred from filing income tax returns in …

List of documents required to submit for PAN card: A complete guide
5 years, 1 month ago

List of documents required to submit for PAN card: A complete guide

India Today  

A PAN card, a 10-digit alpha-numeric code, is generally used to keep a track on tax payments. For Individuals and HUF Identity proof AADHAAR Card issued by the Unique Identification Authority of India Elector's photo identity card Passport Driving License Central Government Health Scheme Card or Ex-servicemen Contributory Health Scheme photo card Photo identity card issued by the Central Government …

If you use Aadhaar for ITR filing, PAN will be auto-generated
5 years, 4 months ago

If you use Aadhaar for ITR filing, PAN will be auto-generated

Live Mint  

The Income Tax Department today announced that it will automatically issue PAN to all taxpayers who do not have a Permanent Account Number and are using Aadhaar for filing income tax returns. This is in accordance with finance minister Nirmala Sitharaman's announcement in her budget speech in July where she had said PAN and Aadhaar will be made interchangeable for …

PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT
5 years, 4 months ago

PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT

India TV News  

The Income Tax Department will automatically issue PAN to a taxpayer using Aadhaar number for filing returns as part of a new arrangement to link the two databases. CBDT chairman P C Mody had told PTI in an interview in July that the department would "suo motu" allot a fresh PAN to a person who files I-T Returns with only …

PAN, Aadhaar cards are similar in these two aspects
5 years, 5 months ago

PAN, Aadhaar cards are similar in these two aspects

Live Mint  

Although separate identity documents, PAN and Aadhaar cards now have at least two things in common. In the last few months, the Unique Identification Authority of India and the finance ministry have made changes in the use of both PAN and Aadhaar, making the two id cards similar in two ways. While PAN is a 10-digit alphanumeric code issued by …

PAN to e-PAN: Here's how to apply online and get instant Aadhaar-based PAN allotment service
5 years, 6 months ago

PAN to e-PAN: Here's how to apply online and get instant Aadhaar-based PAN allotment service

Firstpost  

The e-PAN facility is only for resident individuals and not for Hindu Undivided Family, firms, trusts and companies etc PAN, the 10-digit alphanumeric number allotted by the Income Tax Department to a person, firm or entity, is now available in online as e-PAN in ‘instant’ for individuals seeking to obtain the unique identity for the first time. The Income Tax …

Getting an e-PAN card will soon take less than 10 minutes. 5 things to know
5 years, 6 months ago

Getting an e-PAN card will soon take less than 10 minutes. 5 things to know

Live Mint  

Making it easier to get a Permanent Account Number, the Income Tax department is now working on a new plan under which e-PAN cards can be allotted to applicants instantly. Minister of State for Finance Anurag Singh Thakur has told the Lok Sabha that the government is planning a PAN/TAN processing centre which will allot e-PANs in real-time or a …

Income Tax department working on issuing e-PAN on real-time basis
5 years, 6 months ago

Income Tax department working on issuing e-PAN on real-time basis

India TV News  

The income tax department is working on a processing centre for the allotment of e-PAN on a real-time basis, Parliament was informed on Monday. "Real time PAN/TAN Processing Centre is being contemplated for future with the objective of allotment of e-PAN through Aadhaar based e-KYC on near to real time basis," Minister of State for Finance Anurag Thakur said in …

Aadhaar can be used for cash transactions beyond ₹50,000 in place of PAN: Revenue Secy
5 years, 6 months ago

Aadhaar can be used for cash transactions beyond ₹50,000 in place of PAN: Revenue Secy

Live Mint  

India's national biometric ID Aadhaar can now be quoted for cash transactions of more than ₹50,000 and all other purposes where traditionally income tax PAN number was a must, according to a top official. Asked if Aadhaar can be used for deposit or withdrawal of cash worth more than ₹50,000 from bank accounts in place of PAN, Pandey said, "There …

New PAN card, Aadhaar rules: 5 things to know about the budget announcement
5 years, 6 months ago

New PAN card, Aadhaar rules: 5 things to know about the budget announcement

Live Mint  

Under the new income tax rules, as announced in the Union Budget 2019 by Nirmala Sitharaman, PAN cards and Aadhaar cards will be made interchangeable soon. 1) "For ease and convenience of tax payers, I propose to make PAN and Aadhaar interchangeable and allow those who do not have PAN to file Income Tax returns by simply quoting their Aadhaar …

You can now use Aadhaar to file I-T returns, no need for PAN
5 years, 6 months ago

You can now use Aadhaar to file I-T returns, no need for PAN

India Today  

Filing of income tax return has now been made easier. While announcing the Union Budget 2019, Union Finance Minister said for ease of tax payers, PAN and Aadhaar are being made interchangeable. From now onwards, those without a Permanent Account Number will be able to file the same by simply quoting their Aadhaar card number. "More than 120 crore Indians …

Government extends deadline for linking PAN with Aadhaar by six months till 30 September
5 years, 9 months ago

Government extends deadline for linking PAN with Aadhaar by six months till 30 September

Firstpost  

This is the sixth time the government has extended the deadline for individuals to link their Permanent Account Number to Aadhaar New Delhi: The government on 31 March extended the deadline for linking PAN with biometric ID Aadhaar by 6 months till 30 September, an official statement said. This is the sixth time the government has extended the deadline for …

Govt extends deadline for PAN-Aadhaar linking till 30 September; quoting biometric ID while filing I-T returns mandatory from 1 April
5 years, 9 months ago

Govt extends deadline for PAN-Aadhaar linking till 30 September; quoting biometric ID while filing I-T returns mandatory from 1 April

Firstpost  

The government Sunday extended the deadline for linking PAN with biometric ID Aadhaar by 6 months till 30 September, an official statement said New Delhi: The government Sunday extended the deadline for linking PAN with biometric ID Aadhaar by 6 months till 30 September, as per an official statement. “Now the cut-off date for intimating the Aadhaar number and linking …

Pan Card-Aadhaar Card Link: Two days left for tax payers to complete procedure to get seamless services online
5 years, 9 months ago

Pan Card-Aadhaar Card Link: Two days left for tax payers to complete procedure to get seamless services online

Firstpost  

The apex court had in September last year declared the Centre’s flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions. With the Income-Tax Department already asked the tax payers to link their Aadhaar with their PAN by 31 March this year to get seamless services online, only two days have been left to complete the procedure. …

Is your PAN card linked to your Aadhaar number? How to check
5 years, 10 months ago

Is your PAN card linked to your Aadhaar number? How to check

Live Mint  

For those of you who have not linked their Aadhaar number with PAN card yet, you have time till 30 March. The Central Board of Direct Taxes had earlier allowed assessees time till 30 June to link their PAN cards with Aadhaar extended it to the end of the ongoing financial year. Section 139 AA of the Income Tax Act …

How to check Pan Card status
5 years, 10 months ago

How to check Pan Card status

India Today  

PAN is an electronic system through which, all tax related information for a person/company is recorded against a single PAN number. An applicant will then be required to choose the application type and provide a few details including the 15 digit acknowledgement number, his/her full name and date of birth On successfully providing the necessary information, he/she will be directed …

Aadhaar mandatory to file income tax returns
5 years, 11 months ago

Aadhaar mandatory to file income tax returns

Live Mint  

Insurance The insurance regulator, in a circular last month, asked insurers to not make Form 60, Aadhaar and PAN card mandatory for the policy holder as part of the know your customer process. However, Aadhaar continues to be on the list of officially accepted identity documents that can be submitted to open such accounts, and a customer can voluntarily use …

Just 23 crore PAN cards linked with Aadhaar ahead of March 31 deadline
5 years, 11 months ago

Just 23 crore PAN cards linked with Aadhaar ahead of March 31 deadline

Live Mint  

New Delhi: Just 23 crore PAN card holders -- over half of the total PAN card holders -- have so far linked their cards with biometric ID Aadhaar, even as the deadline to link the two comes to an end on March 31, 2019. Central Board of Direct Taxes Chairman Sushil Chandra said the Income Tax department has so far …

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