E-PAN News

If you need a PAN card urgently but don’t have one, you can get it within minutes using the e-PAN facility.

In India, the Income Tax Department offers the convenience of e-PAN through its e-filing portal.

When creating a bank account or a demat account, the authority would additionally want a valid PAN or a copy of it. It is also necessary since the government keeps track of the financial transactions of residents who use the PAN card. The PDF of the downloaded e-PAN card will be password secured.

The Aadhaar number can also be utilised to apply for a PAN card, which is another important document that is typically required by taxpayers. Apart from paying income tax, a PAN card is essential for receiving tax refunds.

The income tax department has an online facility of e-PAN which can help in downloading a digital version of your PAN card. It can be used in all the places as the download does not need you to remember your PAN number and just uses your Aadhaar number.

If you are planning to buy an immovable property that is Rs 5 lakh or above, then it will be mandatory for you to provide an Aadhaar card. It is mandatory to give a PAN card in any post office savings account and it is also given for credit card and debit card applications. If you deposit a life insurance premium today, and the amount is more than Rs 50,000, then a PAN card is required.

PAN is a ten-digit unique alphanumeric number issued by the IT Department. It can be obtained digitally as well. e-PAN is digitally signed PAN card issued in electronic format.

The Income Tax department on Tuesday said it has issued Permanent Account Number (PAN) within a day to 19,704 newly incorporated companies till March 31, 2017.