The PAN Card is a very important document which is a must for carrying out various financial transactions like opening a savings bank account, investing in shares and mutual funds, applying for a credit card, filing IT returns and so on. Apart from this, even your employer will ask you to submit your PAN card. So, having a PAN card is a necessity.
PAN stands for Permanent Account Number and is a 10-digit alphanumeric number allotted by the Income Tax Department to an individual, HUF, or company. Applying for a PAN card is very easy as it can be done online.
See Also: Uses Of PAN Card
While a lot of people apply for PAN card online, there are chances of online frauds through fake websites. So, with the intention of protecting new PAN Card applicants from online frauds, the Income Tax Department had posted an advisory on its website. This advisory clears confusion among the PAN card applicants.
The IT department has offered information on the entities that are approved to carry out the procedures for processing PAN applications. As per the advisory, the department has given the right only to NSDL e-Governance Infrastructure Limited (NSDL e- Gov) and UTI Infrastructure Technologies to process PAN applications. No entities other than these two are granted rights to carry out processes on behalf of them.
In case, the applicants feel that the process of applying for a PAN card is confusing, they can contact the department by writing an email to e-mail tininfo@nsdl.co.in.
The department has also warned applicants that the department is not responsible if applicants lose money by applying for a PAN card through any fraud websites. The advisory said, "PAN applicants using NSDL e-Gov’s online services are hereby advised to ensure that they use the said online facility of NSDL e-Gov only through the aforesaid URL and pay the application processing fee as prescribed by ITD."
It further said, “PAN applicants using any unauthorized URLs will be doing so at their own risks and consequences. NSDL e- Gov will not liable for any loss or damage that may be suffered or incurred directly or indirectly by PAN applicants while dealing with such unauthorized individuals/entities and person/officer/director/staff associated with such entities."
The Income Tax Department has come up with a new facility where people are allowed to avail an instant PAN number with the help of their Aadhaar number. This facility can be availed on the Income Tax e-filing website https://www.incometaxindiaefiling.gov.in. To get PAN number, applicants have to click on the “Instant PAN through Aadhaar” section which is available on the left side of the window in the list of Quick Links and follow the necessary procedures.
See Also: Consequences Of Holding Multiple PAN Cards
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