{"id":8916,"date":"2020-02-10T18:02:45","date_gmt":"2020-02-10T12:32:45","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=8916"},"modified":"2020-07-17T12:12:07","modified_gmt":"2020-07-17T06:42:07","slug":"government-enables-instant-e-pan-card-facility","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/government-enables-instant-e-pan-card-facility\/","title":{"rendered":"Government Enables Instant e-PAN Card Facility &#8211; Procedure"},"content":{"rendered":"\n<p class=\"has-drop-cap\">PAN or Permanent Account Number holds supreme importance not only for the taxpayers but also for all the citizens of India.\u00a0 An individual can avail several <strong>benefits from a PAN card<\/strong> like it serves as an identity proof, eases the process of opening a bank account, help to <strong><a href=\"https:\/\/swaritadvisors.com\/income-tax-return-filing\">file Income Tax returns<\/a><\/strong> and conduct financial transactions.\u00a0<\/p>\n\n\n\n<p>Earlier the procedure to <strong>obtain a PAN<\/strong> was manual, which <strong>requires filling up the form along<\/strong> with the documents that take around 15 days. However, now you can attain an <strong>instant e-PAN card<\/strong> from the <strong>Income Tax Department<\/strong>.<\/p>\n\n\n\n<p>An e-PAN is a <strong>digitally signed PAN card<\/strong> formulated in an electronic format. A fundamental requirement to attain an e-PAN is to have a valid <strong>Aadhaar number<\/strong> or digital signature. <strong>Income Tax Department <\/strong>makes Aadhaar basis to issue an e-PAN instantly.<\/p>\n\n\n\n<div class=\"shadow6\"><ul><li><a href=\"https:\/\/swaritadvisors.com\/learning\/what-are-the-major-income-tax-cuts-in-union-budget-2020\/\">What are the Major Income Tax Cuts in Union Budget 2020?<\/a><\/li><li><a href=\"https:\/\/swaritadvisors.com\/learning\/complete-guide-to-income-tax-return-filing\/\">A Complete Guide to Income Tax Return Filing<\/a><\/li><\/ul><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2782d46ed30\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2782d46ed30\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/government-enables-instant-e-pan-card-facility\/#How_will_instant_e-PAN_allotment_be_beneficial\" title=\"How will instant e-PAN allotment be beneficial?&nbsp;\">How will instant e-PAN allotment be beneficial?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/government-enables-instant-e-pan-card-facility\/#The_Process_to_Apply_for_Instant_e-PAN\" title=\"The Process to Apply for Instant e-PAN\">The Process to Apply for Instant e-PAN<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_will_instant_e-PAN_allotment_be_beneficial\"><\/span>How will instant e-PAN allotment be beneficial?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Budget 2020-21 has proposed to launch a new system<\/strong> under which <strong>Permanent Account Number<\/strong> shall be instantly issued online based on the Aadhaar information. The new system eliminates the tedious <strong>task of filling up<\/strong> a detailed <strong>application and streamlines the allotment of PAN<\/strong>.<\/p>\n\n\n\n<p>The <strong>process of e-PAN generation<\/strong> will be entirely done online or electronically. Thus, it will have less <strong>legal stipulations and paperwork<\/strong>. The availability of <strong>instant e-PAN<\/strong> shall save both time and effort of the applicant since one does not have to provide any supporting documents such as <strong>address proof, DOB<\/strong> etc.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Process_to_Apply_for_Instant_e-PAN\"><\/span>The Process to Apply for Instant e-PAN<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The online procedure to acquire a PAN is a simplified method and can be carried out quickly. The applicant needs to visit the official website of the <strong>Income Tax Department<\/strong> <a href=\"https:\/\/www.incometaxindiaefiling.gov.in\/home\">[1]<\/a>  and enter the <strong>Aadhaar number<\/strong> and use the Aadhaar-based eSignature to sign the application form. One Time Password (OTP) will be sent to the Aadhaar registered number which helps to verify all the details of <strong>Aadhaar (e-KYC)<\/strong> and an <strong>e-PAN<\/strong> will be issued instantly.<\/p>\n\n\n\n<p>The Aadhaar plays a vital part in <strong>getting a PAN online<\/strong>; an applicant has to ensure that his <strong>Aadhaar details<\/strong> are valid because there may be a case of an application rejection, if there is any data mismatch.<\/p>\n\n\n\n<p>The electronic model facilitates the applicants with two options to either get <strong>an e-PAN or acquire a physical PAN<\/strong> card along with the <strong>e-PAN<\/strong>. If the applicant chooses the latter option, then he has to pay INR107, whereas for <strong>e-PAN the charges are&nbsp;INR66 only<\/strong>.<\/p>\n\n\n\n<p>The availability of instant e-PAN is feasible and likely to create a favorable situation for both PAN applicant as well as Income Tax Department.<\/p>\n\n\n\n<div class=\"shadow6\"><ul><li><a href=\"https:\/\/swaritadvisors.com\/learning\/income-tax-return-filing-benefits-due-dates\/\">Income Tax Return: Definition, Slabs, ITR Forms, Benefits, eFiling, Penalty<\/a><\/li><li><a href=\"https:\/\/swaritadvisors.com\/learning\/income-tax-form-16-for-salaried-person\/\">Generate Income Tax Form 16 for Salaried Person<\/a><\/li><\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PAN or Permanent Account Number holds supreme importance not only for the taxpayers but also for all the citizens of India.\u00a0 An individual can avail several benefits from a PAN card like it serves as an identity proof, eases the process of opening a bank account, help to file Income Tax returns and conduct financial [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":8917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[416,1],"tags":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/8916"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=8916"}],"version-history":[{"count":10,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/8916\/revisions"}],"predecessor-version":[{"id":11673,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/8916\/revisions\/11673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/8917"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=8916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=8916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=8916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}