INSUBCONTINENT EXCLUSIVE:
It is mandatory to mention valid e-mail ID in PAN application form to receive e-PAN.Permanent Account Number or PAN, a ten-digit
alphanumeric identifier, is issued by Income Tax Department
Each assessee (such as individual, firm or company) is issued a unique PAN
According to the Income Tax Department, online applications for PAN card can be made through either of the websites of NSDL (National
Securities Depository Limited) and UTITSL (UTI Infrastructure Technology And Services Limited)
Permanent Account Number (PAN), as the name suggests, is a permanent number and does not change
It is mandatory to mention valid e-mail ID in PAN application form to receive e-PAN.1
All existing assessees or taxpayers apply for PAN
Individuals not having a PAN can, however, quote Aadhaar number instead while filing their income tax returns, as announced in the Budget.2
Any person, who intends to enter into economic or financial transactions where quoting PAN is mandatory, must have a PAN
Obtaining/possessing more than one PAN is against the law and may attract a penalty up to Rs 10,000
In case if an individual has more than one PAN, he/she is required to fill and submit PAN change request application form by mentioning the
PAN which he/she is currently using
All other PAN/s inadvertently allotted should also be mentioned in the form and the corresponding PAN card copy/s should be submitted for
cancellation along with the form.5
As per procedure prescribed by Income Tax Department, third party verification is conducted to verify identity and address of PAN applicants
along with genuineness of documents submitted by them during PAN application
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