Now, linking Aadhaar with Pan card is just a matter of few minutes. The Income Tax department has recently launched an ‘instant’ Aadhaar-based PAN allotment service for individuals seeking to obtain the unique identifier for the first time.
A senior official added about this new facility that this has been introduced in lieu of an increasing number of people applying to obtain the Permanent Account Number (PAN) for their financial and tax matters. The department here also added in a recent advisory that, “This facility is free of cost and instant allotment of e-PAN is available only for a limited period on the first-come-first-serve basis for valid Aadhaar holders”.
The system here states of a fresh PAN that would 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. Now, this new PAN, obtained by this mechanism, would have the same name, date of birth, gender, mobile number and address present in the individual’s Aadhaar, as per stated by the advisory. It also added that “The e-PAN facility is only for resident individuals and not for Hindu Undivided Family (HUF), firms, trusts and companies etc”.
The official here also added that the next part where once the PAN is allotted to an applicant through his electronic Aadhaar-based verification system in a few seconds, the applicant would be sent the PAN card by post in some time. The official added that “This is one more initiative that leverages the Aadhaar database to quickly disburse/allot a government service”.
Finally, the Central Board of Direct Taxes (CBDT), which makes policy for the Income Tax department, had already extended the deadline for the PAN-Aadhaar linking to March 31 next year.
Now, this is the fifth time it has extended the deadline for individuals to link their PAN to their biometric ID (Aadhaar).
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/her Aadhaar number to the tax authorities.
To conclude, while Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to a resident of India, PAN is a 10-digit alphanumeric number allotted by the I-T department to a person, firm or entity.