Tax dept offers instant e-PAN based on Aadhaar
The ability is freed from price and you’ll you’ll be able to log onto the earnings tax portal to generate the e-PAN. It’s accessible for resident particular person tax payers and never for Hindu undivided household (HUF), corporations, trusts and firms, and is open for a restricted interval on a first-come, first-served foundation for legitimate Aadhaar holders.
You’ll not have to submit any paperwork. The e-PAN will likely be generated utilizing the main points accessible in Aadhaar. So, you’ll want to ensure that these are particulars up to date as a result of the e-KYC will likely be completed utilizing the Aadhaar database.
As soon as, the e-KYC is profitable based mostly on the Aadhaar OTP, the method of e-PAN software will likely be initiated. You will want to add a scanned copy of your signature on a white paper with the specs given on the earnings tax web site. After submitting the applying, a 15-digit acknowledgement quantity will likely be generated and despatched to your cell quantity/ electronic mail talked about within the software type.
“Due to the elevated use of know-how and digitisation adopted by the federal government within the tax division, it’s now leading to actually handy and paperless interface with tax payers. One could anticipate extra of such initiatives within the coming days, which can make the lifetime of tax payers simpler for managing their tax affairs,” mentioned Kuldip Kumar, associate & chief, private tax at consulting agency PwC India.