Soon after a proposal was made in union budget 2020-21 to launch a system under which Permanent Account Number (PAN) would be instantly allotted online on the basis of Aadhaar without filling up the detailed application form, Finance Minister Nirmala Sitharaman has launched a facility for instant issuing of online PAN using Aadhaar details.
This is sought to further ease the process of PAN allotment.
The Central Board of Direct Taxes (CBDT) released a statement, saying Finance Minister Nirmala Sitharaman formally launched the facility for instant allotment of PAN (on near to real time basis).
“This facility is now available for those PAN applicants who possess a valid Aadhaar number and have a mobile number registered with Aadhaar. The allotment process is paperless and an electronic PAN (e-PAN) is issued to the applicants free of cost,” the CBDT said.
The last date for the PAN-Aadhaar linkage has been extended to June 30, 2020.
For generation of instant PAN, the applicant needs to follow following steps:
- Access the e-filing website of the Income Tax Department; provide her/his valid Aadhaar number.
- Then submit the OTP received on the Aadhaar registered mobile number.
- On successful completion of the process, a 15-digit acknowledgment number is generated.
- If required, the applicant can check the status of the request anytime by providing her/his valid Aadhaar number and on successful allotment, can download the e-PAN.
The e-PAN is also sent to the applicant on her/his e-mail ID, if it is registered with Aadhaar, the CBDT said.
“The launch of the Instant PAN facility is yet another step by the Income Tax Department towards Digital India, thereby creating further ease of compliance for the taxpayers,” the CBDT added.
