PAN card, known as a Permanent Account Number, is basically a tax identification number issued by the Government of India. It is like a social security number for your finances in India. You will need a PAN card to file income tax returns, open bank accounts and invest in many financial products.
What is Pancard?
PAN card, short for Permanent Account Number Card, is basically your tax ID card issued by the Indian Income Tax Department. It acts as a unique ten-digit alphanumeric code that helps the government track financial transactions and prevent tax evasion. This card is not just for filing taxes. It is also accepted as a proof of identity across India, a sort of social security number and ID card in one. You will need it for things like opening a bank account, buying gold or property, or even getting a new phone connection.
Importance of Pancard in India
- Tax time: You need PAN card when you file your income taxes. It helps the government keep track of your income and make sure you’re paying the right amount of tax.
- Financial Doors: Whether you want to open a bank account, apply for a credit card or buy property, having a PAN card is often mandatory. It serves as proof of identity and helps prevent fraud.
- Record Keeper: Your PAN card ties together all your financial transactions. It helps the government monitor suspicious activity and fight tax evasion.
Step-by-Step Guide to Apply for PAN Card Online
- Choose your Platform:
NSDL: This is the Income Tax PAN services unit. [National Securities Depository Limited] can handle new PAN applications or changes to existing ones.
UTIITSL: This is UTI Infrastructure Technology and Services Limited. It allows you to apply for a new PAN card as an Indian citizen or an NRI (Non-Resident Indian).
- Fill out the application: Once you’ve chosen your platform, you’ll need to fill out an online application form. It asks for basic information like your name, date of birth, and contact information.
- Submit and Verify: After you submit the application, you’ll likely need to pay a fee and verify your information using a one-time password (OTP) sent to your phone.
- Get your PAN card: Once everything is processed, your PAN card will be mailed to you.
Check Pan Card Status
NSDL Website:
- Visit the NSDL TIN website
- Under “Application Type,” choose “PAN-New/Change Request”.
- Select “Acknowledgement Number” and enter the 15-digit acknowledgment number you received while applying.
- Enter the captcha code and click “Submit”.
- Your PAN card application status will be displayed.
UTIITSL Website:
- Go to the UTIITSL website
- Enter your application coupon number (if you have it) or your PAN number.
- Enter your date of birth and the captcha code.
- Click “Submit” to see your PAN card application status.
Types of Pan Card
- P: For individuals
- B: For Body of Individuals (BOI)
- A: For Association of Persons (AOP)
- H: For Hindu Undivided Family (HUF)
- C: For companies
- E: For Limited Liability Partnership
- F: For partnership firms
- T: For trusts
- G: For government agencies
- L: For local authority
- J: For artificial judicial person
Conclusion
The Digital India Portal serves as a helpful resource for individuals seeking to make a PAN card. You can easily apply for anyone’s PAN card by becoming an official of the Digital India portal using the PAN card service of this portal and earn a good commission on every application. It provides downloadable application forms. However, one has to visit an authorized service like NSDL or UTIITSL to apply for a PAN card.