APPLY INSTANT PAN CARD
Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application. PAN enables the department to link all transactions of the “person” with the department. These transactions include tax payments, TDS/TCS credits, returns of income/wealth/gift/FBT, specified transactions, correspondence, and so on. PAN, thus, acts as an identifier for the “person” with the tax department.
PAN was introduced to facilitates linking of various documents, including payment of taxes, assessment, tax demand, tax arrears etc. relating to an assessee, to facilitate easy retrieval of information and to facilitate matching of information relating to investment, raising of loans and other business activities of taxpayers collected through various sources, both internal as well as external, for detecting and combating tax evasion and widening of tax base.
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Why Pan Card?:
It is also compulsory to quote PAN in all documents pertaining to the following financial transactions-
Sale or purchase of any immovable property valued at five lakh rupees or more;
Sale or purchase of a motor vehicle or vehicle, the sale or purchase of a motor Vehicle or vehicle does not include two wheeled vehicles, inclusive of any detachable side-car having an extra wheel, attached to the motor vehicle
A time deposit, exceeding fifty thousand rupees, with a banking company ;
A deposit, exceeding fifty thousand rupees, in any account with Post Office Savings Bank;
A contract of a value exceeding one lakh rupees for sale or purchase of securities
Opening Bank Account
Making an application for installation of a telephone connection (including a cellular telephone connection)
Payment to hotels and restaurants against their bills for an amount exceeding twenty-five thousand rupees at any one time ;
Payment in cash for purchase of bank drafts or pay orders or banker’s cheques for an amount aggregating fifty thousand rupees or more during any one day;
Deposit in cash aggregating fifty thousand rupees or more with a bank during any one day;
Payment in cash in connection with travel to any foreign country of an amount exceeding twenty-five thousand rupees at any one time.
Document Required to Apply for Instant Pan Card:
Aadhaar Card (Seeded with your Mobile Number)
Downloads:
Step by Step Procedure :
Step 1: Go to IT Department Official Website.
Step 2: Click on the Instant Pan thorugh Aadhaar
Step 3: Click on Get New PAN Button
Step 4: Enter your Aadhaar Number and Click Generate Aadhaar
Step 5: Wait for Few minutes. The Ministry will create a PAN number for you and will send an acknowledgement to your mobile number linked with Aadhaar.
Step 6: After Receiving the Acknowledgement Message. Follow upto Step 2 and click on Check Status/ Download PAN.
Step 7: Enter Your Aadhaar Number and Download your PAN Card.
Password = your Date of Birth (DDMMYYYY) Format
FAQ
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