The Income Tax Department has launched a new service. An ‘instant’ Aadhaar-based PAN allotment service for individuals seeking the unique identity for the first time.
“This facility is free of cost and instant allotment of e-PAN is available for a limited period on a first-come, first-served basis for valid Aadhaar holders,” the Department said in an advisory.
The process can be done at the official portal of the Income-tax department –https://www.incometaxindiaefiling.gov.in.
Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to a resident of India and PAN is a 10-digit alphanumeric number allotted by the I-T department to a person, firm or entity.
A senior official of Tax dept. said the new facility has been introduced in view of an increasing number of people applying to obtain the Permanent Account Number (PAN) for their financial and tax matters.
According to Section 139 AA (2) of the Income Tax Act, every person having PAN as on July 1, 2017, and eligible to obtain Aadhaar, must intimate his Aadhaar number to the tax authorities.
The advisory said, A fresh instant PAN card service will be allotted on the basis of a one-time password (OTP) sent over the “active mobile number” linked with the valid Aadhaar number of a person.
The new PAN, obtained by this mechanism, will have the same name, date of birth, gender, mobile number and address that is present in the individual’s Aadhaar, it said.
The Central Board of Direct Taxes (CBDT), that makes policy for the Income Tax department, had yesterday extended the deadline for the PAN-Aadhaar linking to March 31 next year.