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PAN Card Details

Permanent account number, or PAN, is a unique 10-digit alphanumeric identifier given by the Department of Income Tax to any individual in the form of a physical card.

For filing income tax return and for any correspondence with the income tax authority, this is mandatory for all the individuals. In 1976 PAN Card was made compulsory for all taxpayers within four years of its implementation. The system developed to its present phase in 1995, however, and the compulsory condition was strictly implemented from 1996, beginning first in Delhi, Mumbai, and Chennai. Currently, a PAN Card is required for individuals and registered business organizations, including export businesses.

The entire PAN allotment phase is managed by NSDL e-Governance Infrastructure Limited (formerly National Securities Depository Limited) and UTI Infrastructure Technology Services Limited (UTIITSL). By accessing their websites, and applying online, you can apply for a PAN card. Additionally, you may also visit local PAN agents, get the form from them, and fill out to apply it with a nominal fee along with all the necessary documents.

PAN Card Details By Name and Date of Birth

  • Visit the official web portal of Income Tax e-filing
  • Click on ‘Know Your PAN’ which comes under ‘Quick Links’
  • Enter surname, first name, middle name, gender, status, date of birth, mobile number
  • Proceeding further, you will be receiving an OTP on your registered mobile number which is linked with PAN
  • Now enter the OTP and click on ‘Validate’ to process further.?
  • Now enter your Father’s name and click on ‘Submit’ button.?
  • Your PAN number will appear on the screen along with additional details including status remarks, jurisdiction and so on.?

PAN Card Details By PAN Number

Individuals who already have a PAN card can easily search their PAN card details using PAN number. Follow the below-mentioned steps:

  • Log in to the official web portal of Income Tax Department
  • Now click on ‘Register Yourself’ and enter the PAN number.
  • Proceed further and enter all the relevant details carefully and click on ‘Submit’ button.
  • You will be receiving a link on your mail address relating to the activation of the account.
  • Now go to “My Account”
  • Click on “PAN Details” which can be seen under the “Profile Settings” section
  • All the information related to your PAN card will be displayed on the screen and this will include your name, address, jurisdiction, area code and so on.?

Procedure to Search for Address using PAN Card

The PAN card does not provide any kind of information related to the residential address of the cardholder on the card. The PAN card just shows the details related to the name of the individual, photograph, PAN number and date of birth and other related things. By following the below-mentioned steps, one can search for the address in your PAN card:

  • Visit the official web portal of the Income Tax Department
  • Select the option ‘Registered User’
  • Now enter all the relevant details
  • Click on the ‘PAN Details’ from the drop-down list under the section ‘Profile Setting’
  • Proceeding further, click ‘Address’, now the user will be able to get complete details such as country, pin code, country, state and so on.?

Procedure to Change Details in PAN Card

The holders of PAN card can change their details using the below-mentioned steps

  • Visit the official web portal of NSDL E-governance
  • Click on the “PAN” section under ‘Services’ heading
  • Now click “Apply” under “Change or Correction in PAN Data”
  • The users will be redirected to a new page wherein you will have to scan the images through e-Sign
  • Enter all the relevant details including address and contact details correctly.
  • Now upload all the necessary documents such as proof of age, proof of address, proof of identity and PAN
  • Sign the declaration and click on “Submit” option.
  • Now the user will be redirected to the payment page. The user can pay the fee either through demand draft, net banking facility, credit or debit card facility.
  • Post successful payment, download the acknowledgement slip for further reference. Print it and send it to the NSDL e-Governance office address along with two passport-sized photographs affixed in the provided space. Submit all the relevant documents required along with the acknowledgement slip before sending.

Note: The entire procedure will take 15 – 20 days and once the request has been raised for change or correction in PAN data. The New card will be received with all the necessary corrections and changes made with the period.

Eligibility for PAN Card

As per the Section 139A(1), the following list of norms has to be fulfilled to have a Permanent Account Number

  • Any individual whose income exceeds the starting point of the Income Tax Slab. It also includes those whose income is chargeable to tax on behalf of others including parents and which also includes earnings of a minor child and so on.
  • Any individual who intends to do financial transactions which makes it mandatory to quote PAN details.
  • Individuals who are running a business or profession wherein the total sale or income exceeds Rs 5 lakhs.
  • Any individual who is required to pay excise duties.
  • Charitable trusts which are required to file returns as per Section 139(4A)
  • Any individual who receives payments post TDS collection
  • Importers or exporters who have to obtain Import Export code.
  • Any individual who is responsible to pay service tax and either his or her agent.
  • Any individual who issues invoices under Rule 57AE
  • Individuals who are registered under the Central Sales Tax Act or the general sales tax law of the relevant state or the union territory.

Importance of PAN Card Details

PAN Card serves as a lifetime document for identification purpose apart from this it also comes in handy for taxation purpose. The following are the list of purposes served by PAN Card:

1. Place of Employment

Employees in India should submit their PAN details to their respective employers for taxation purpose. The submission of PAN details will help the employers to deduct the necessary taxes such as TDS, professional tax and so on. PAN details will also be mentioned on the payslips of the employees and also on the form of salary income at the time of filing their Income Tax Returns.

2. Valid Identification and Photo Proof

The PAN Card is accepted and can be produced as a legitimate ID proof across the globe for various purposes be it for application of passport, bank account, voter ID card, ration card and so on.

3. Bank Transactions

It is mandatory for individuals who have a bank account to submit the details of PAN card to carry out banking transactions smoothly. Irrespective of the type of bank account – individual or public or cooperative or private and so on. The move is made to eradicate the money laundering and to check the black money or any kind of fraudulent activities. The PAN Card also helps to check all the high-value cash transactions and the same can be reported to the RBI as per the prescribed norms regularly. Any cash deposit which is equal to or more than Rs 50,000 in a day at any of the bank requires disclosure of PAN card details.

At the time of opening a fixed deposit, wherein the value of the transaction is equal to or more than Rs 50,000, one has to quote the PAN card details. The reason behind the disclosure of PAN is a bank is liable and has to deduct TDS on the interest amount earned on such term deposits.

Post-Demonetisation move, as per the Income Tax rules, all the banks in India are authorized to procure and link PAN or Form 60 (in case of non-availability of PAN) to all the existing bank accounts. The only exception is the zero balance savings account or basic savings bank deposits accounts or those accounts which comes under Pradhan Mantri Jan Dhan Yojana.

4. Post Office Deposits

Disclosing PAN details is a must in the post office, similar to that of the bank if the individuals are opening an account or depositing an amount of Rs 50,000 or more.

5. Share Trading

PAN details are must and have to be furnished with the brokers along with Demat and Trading account provider, for trading purpose.?

6. Property Transactions

The buyer, as well as the seller at the time of entering into the registration of the property, has to provide the PAN details and even at the time of finalizing the sale deed. In case of joint ownership of a property, it is mandatory to quote the PAN details of both the owners. All the transactions related to the sale or purchase of an immovable property requires PAN details if the value of the transaction exceeds Rs 5,00,000.?

7. Credit or Debit Card

Individuals who apply for Credit or Debit card has to submit the PAN details. If it is not mentioned, then the applications will not get approved and will be rejected. Such kind of rejections will also carry a negative credit score on the individuals and this will even impact in future at the time of application of loan and so on.

8. Jewellery Purchase

Customers who purchase jewellery products which are worth Rs 5 lakhs and above have to furnish their PAN details at the time of placing an order or while buying it.?

9. Vehicle Purchase

All kinds of transactions revolving vehicles both purchase and sale (excluding two-wheelers) which falls under the boundary of registration as per the Motor Vehicles Act requires the parties to disclose the PAN details.?

10. Loan Applications

All kinds of loan applications, be it home loan, personal loan, car loan and so on requires the applicant to submit the PAN details for approval.?

11. Foreign Currency Exchange

In the case of foreign travels, to get the domestic currency exchanged for foreign currencies along with a copy of visa, tickets, passports and so on, the traveller has to provide a copy of PAN.?

12. Mutual Funds and Other Securities

Akin to share trading, any request to open mutual fund investments or investments in bonds, debenture or any other securities needs to be supported with PAN details of the investor.?

13. Payment Wallets

In India, the introduction of Paytm, PhonePe, Mobikwik and so on has helped the common man to make monetary transactions at the go. The payment wallets are playing a compelling role in today’s digitized world. Any kind of payment wallets in India requires the PAN card details of the users for KYC purpose (if the transaction amount is beyond the specified limit of Rs 20,000 per month).?

14. Insurance Premium

As per the rules of the Central Board of Direct Taxes (CBBT), all the policyholders have to provide their respective PAN details at the time of paying the insurance premium to the companies, if the amount is more than Rs 50,000 in a particular year.?

FAQs

Q. How can I know about my PAN card status?

A. You can go to the Income Tax E-Filing Web site, TIN-NSDL or UTIITSL to find your PAN card status.

Q. Is there any fee to track the status of the PAN application?

A. No, monitoring the status of the PAN card application is free. The applicant can check the PAN status for free.

Q. Is it compulsory to quote PAN for the income tax returns?

A. According to the Union Budget 2019, individuals who do not have PAN will soon be able to file their tax returns (RIT) simply by citing their Aadhaar number. In addition to this, those who do not have PAN can simply quote their Aadhaar number wherever PAN is required.?

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