What is E-Pan?
An e-PAN (permanent account number) is produced for using the particulars available in Aadhaar card better. The Income Tax Department has very recently launched an instant e-PAN or permanent account number facility that helps to get quick electronic PAN facility instantly.
An e-PAN is a good initiative by the Income Tax department to facilitate faster PAN allotment. This service is based on only one-time availability. The best way to keep things intact is to get an ePAN on time.
An applicant holding a PAN card already should not opt for ePAN at all. This is a free facility for users as declared by the department itself. One can easily explore the website incometaxindiaefiling.gov.in for all details. An Aadhaar card is a must before applying for an ePAN, delivered on a first come, first basis.
Now, let us look at the top 10 things to know about applying for an e-PAN:
1) An applicant already holding a PAN card should not apply for an ePAN.
2) The ePAN facility is primarily valid for resident individuals (excepting minors and others under section 160 of the IT Act). This is exclusive of Hindu Undivided Families, trusts, companies, etc.
3) An active mobile number linked to your Aadhaar is also compulsory to have an e PAN. An OTP will be sent to your mobile number after.
4) To unable mobile registration with your Aadhaar card, pay a visit to the Unique Identification Authority of India or UIDAI (uidai.gov.in), the authority which is responsible for issuing Aadhaar cards.
5) Once Aadhaar eKYC is successfully done based on the received OTP, the process of e-PAN application will be easily initiated. An electronic KYC is about verifying credentials of an applicant.
6) e-PAN is generated using the information available on an Aadhaar number.
7) If information (name, date of birth, gender, mobile number, and address) mentioned on the Aadhaar card is not correct, then the Aadhaar card number needs to be updated. Visit the UIDAI site and update correct information before applying for an ePAN.
8) A scanned copy of the signature is important to be uploaded to apply for an ePAN. This needs to be done on a whitepaper as per some specifications did. The resolution can be noted as follows: 200 DPI; Type – color; File type- JPEG; Size – Max 10 KB; Dimension – 2×4.5 cm (only a scanned signature is required).
9) Due to its electronic nature, no physical documents are required for an e-PAN.
10) After the successful filing of this e-application, a 15-digit acknowledgment will be produced on the registered mobile number and the email address mentioned on the application form too.
All Indian citizens must have a PAN for the Individuals to lodge their tax returns on the yearly income and follow this practice throughout!