Instant e-PAN based on Aadhaar

Why in news ?
Central Board of Direct Taxes (CBDT), has launched Instant e-PAN, which will have same name and DOB. gender, mobile number and address as in the Aadhaar.

More in news
New e-PAN will be available for Individuals only and not Hindu Undivided Family, firms, trusts and companies. The PAN will be allotted to the applicant through electronic Aadhaar-based verification system in a few seconds and PAN card will be send to specified address through post.

As per Section 139 AA (2) of the Income Tax Act, every person having PAN as on July 1, 2017 and is eligible for getting an Aadhar is bound to intimate tax officials of his Aadhaar number.

Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to an Indian resident, PAN is a 10-digit alphanumeric number allotted by the Income Tax Department to a person, firm or entity.

Share your suggestions, ideas, inputs on the topics discussed above. Its always good to be interactive ! :)