Permanent Account Number (PAN) card is one of the mandatory documents required for one’s KYC. However, there is a good number of people who don’t have a PAN card though they have Aadhaar Card. For such Aadhaar cardholders who don’t have a PAN card need not worry anymore. They can now get their PAN card online in just 10 minutes.
The Income Tax Department has launched a new facility that allows an Aadhaar Cardholder to get instant PAN Card online without paying any charges. The new facility launched by the Income Tax Department is in sync with the announcement made by the Finance Minister Nirmala Sitharaman in the Budget 2020 in which she announced on the floor of the Parliament that the Modi Government will launch a new system under which PAN card shall be instantly allotted online based on Aadhaar card authentication without any requirement for filling up of detailed application form.
According to the Income Tax Department’s new facility, an Aadhaar Cardholder need not fill the detailed two page PAN Card application form. Now, they need to input their Aadhaar Card number in the instant PAN Card application form online. After submitting the Aadhaar Card number in an instant PAN card application, the Aadhaar Cardholder will receive OTP on one’s registered mobile number. They need to submit that OTP and their PAN Card in PDF format will get generated instantly after completion of their online KYC. Interestingly, they need not pay any charges for their PAN Card. Those, who don’t have the Aadhaar registered mobile number around, they can validate their Aadhar details via e-mail as well.
(With inputs from zeebiz)