Today, a PAN (Permanent Account Number) card is a necessary document. All individuals and entities covered by the Income Tax Act of 1961 are given the document issued by the Income Tax Department of the Government of India, which is an alphanumeric code. Due to the PAN card’s ability to link and document all financial transactions an entity makes, the likelihood of tax evasion is reduced.
Obtaining a PAN card in the past required a time-consuming and difficult application process, and the applicant often had to wait a long time before receiving the card. However, applicants will receive their PAN cards within 48 hours of submitting their applications, thanks to the government’s new fast-track procedure.
Along with being a requirement for financial actions like opening a bank account, purchasing a car, filing tax returns, etc., it also serves as identification documentation. A government agency issues the PAN card, a photo ID that can be used as identification anywhere in the nation. Throughout the cardholder’s lifetime, the card is valid.
Contents
Composition of PAN cards
The first five characters on a PAN card are alphabets, the following four are numbers, and the last character is an alphabet. A PAN card has ten alphanumeric characters.
- The first three characters are an alphabetic sequence typically put together randomly.
- The applicant’s type is indicated by the fourth character, which can be a firm, an individual, a company, a local authority, etc.
Any of the following characters could represent the fifth:
- If the applicant is an individual, the first letter of either their name or last name.
- The first letter of the company’s, firm’s, local government’s, etc. name
- An alphabet makes up the final character.
Information on the PAN card
Since the PAN card is a photo ID, it includes details about the organisation it was issued, including:
- Full name of the entity (if a business, government, or other entity, its registered name
- The birthdate (or, in the case of businesses or corporations, the registration date)
- A PAN number
Additionally, if Protean eGov Technologies Limited issued the PAN card, it includes its date.
How to apply for PAN in 48 hours?
It typically takes between 15 and 20 working days after the PAN card application form is submitted for the PAN card to be issued. However, a PAN card can now be obtained by a candidate in just two days. The steps are described below:
- Go to the Protean eGov Technologies Limited website and choose the relevant form from the list of options.
- After reading the instructions, choose the form type (with or without a digital signature certificate) and applicant type from the drop-down menu, then fill out the necessary information.
- After you’ve entered your information and uploaded the necessary files, submit the form.
- To track the progress of your application, you will receive an acknowledgement with your application number.
- After processing and verifying your submitted information, it will send your PAN card to you via registered mail.
How to get the PAN Card in 48 hours?
The Income Tax Department of India will issue a PAN card if the applicant provides certain identification-verifying documents and other necessary information.
An individual or entity must submit a form to the Income Tax Department to apply for the issuance of a PAN card. This form must include the applicant’s name, address, age, and registration date for firms and corporate bodies.
A PAN card can be requested offline or online by the applicant. Anyone interested in applying online should go to the Protean eGov Technologies Limited website, fill out the online application form, and upload the required documents.
Those who wish to apply offline can download it from the Protean eGov Technologies Limited website, fill it out, and deliver it to the PAN Service centre that is most convenient for their residence, along with the required supporting documentation.
Can you obtain the PAN card in 48 hours?
How I will receive the PAN card in 48 hours is a common concern for those who have applied for one, which is understandable. Most people believe that the nearest Income Tax office will have their PAN card once it has been issued. But that’s not the case.
Once the information provided for the PAN has been verified, the PAN card will be mailed to the applicant’s address indicated on the application. The PAN card applicant may pick up their PAN from the neighbourhood post office if, by chance, they are not present when it is delivered.
Once the PAN card applicant has submitted the necessary KYC documents as identification, the PAN card will be issued to them.
After providing the PAN details, the applicant can check the verification status by carrying out the procedures listed below.
- Access the financial services section of Protean eGov Technologies Limited.
- Enter your current PAN number to have your PAN card replaced or reprinted.
- Enter the appropriate coupon code if you’re requesting a PAN card for the first time.
- After entering the code or PAN number, complete the captcha.
- Press “Submit.”
- The website will display the PAN verification status on the website.
Applicants must check the verification status within five days of receiving an acknowledgement.
How do you determine the verification status of a PAN card?
- Enter the website for NSDL financial services.
- Enter your current PAN card number to have a replacement or new copy made.
- Enter the proper coupon code if you’re applying for your PAN card for the first time.
- After entering the code or PAN number, complete the captcha.
- Select “Submit.”
- It will show the PAN validation status on the website.
- Applicants must check the verification status within five days of receiving an acknowledgement.
Frequently Asked Question
Can I have two PAN Cards?
No, following the Income Tax Act of 1961, this is illegal. A fine of up to Rs 10,000 may be imposed for possessing multiple PAN cards.
How do I submit an offline PAN card application?
By downloading the application form online and delivering it to the closest PAN centre with the required documentation, applicants can apply for a PAN card offline.
How do I pay with a PAN card?
How can you make payments for PAN cards online with debit/credit cards or net banking? Demand drafts are another method of payment.