Online PAN Card: The government has made the process of making an online PAN card very easy. In just 10 minutes you can make a pan sitting at home.
Online PAN Card: Whether opening an account in a bank or filing income tax return, PAN card is a very important document in all these works. If you have not got PAN card made yet, then you can apply for PAN card online without any hassle of sitting at home in just 10 minutes.
How to make online pan card
To get the PAN card made online sitting at home, first you have to go to the e-filing portal and click on ‘Instant PAN through Aadhaar’. After this ‘Get New PAN’ has to be selected. You will be asked for Aadhaar number and an OTP will be sent to the registered mobile number. Once OTP validation, you will be issued e-PAN.
Why PAN card is necessary
- In filing IT returns
- Opening an account in a bank
- Buying or selling a car
- Telephone connection
- In buying jewelery above Rs 5 lakh
- While investing in securities or on transactions above Rs 50000
for insurance premium - PAN card is also required at the time of foreign exchange, property, loan, FD, cash deposit etc.
PAN card is valid for lifetime
According to the information available on the website of the Income Tax Department, the PAN issued once is valid throughout the country for a lifetime. Even after changing this address or changing the officer concerned, it is valid in the same way. According to the tax department, there can be only one PAN. It is illegal to have more than one PAN card. Under Section 272B of the Income Tax Act, 1961, a penalty of Rs 10,000 will have to be paid if more than one PAN card is found.
