Taxpayers in India must have a PAN, or Permanent Account Number, to identify themselves. PAN card details include personal information such as name, address, date of birth, and PAN card number. In this article, we will focus on the importance of PAN card details. Let us look at how to check and modify your details using your PAN card number.
Why are PAN card details important?
PAN card information is important for various reasons. It is used to submit taxes and receive refunds. For example, if a person fails to report the correct PAN card number, they will be unable to claim the return to which they are entitled. Additionally, PAN card details are used as identification proof for various financial transactions, opening bank accounts, and more.
How to check PAN card details using your PAN card number?
Checking PAN card details using PAN card number is simple. Below are the steps to follow:
- Log on to the Income Tax Department e-Filing website.
- Click 'Register Yourself'.
- Enter your PAN card number and complete the registration form.
- A link will be sent to your email address. To activate your account, click on this link.
- Go to 'My Account' and choose 'Profile Settings'.
- Click 'PAN Details'.
- Your details will be generated, which includes your name, area code, jurisdiction, address, and other information.
How can I change my PAN card details online?
To modify your PAN card details, follow these steps:
- Visit the protean (formerly known as NSDL or National Securities Depository Limited) website.
- Select 'PAN' from the 'Services' tab.
- Click 'Apply' under 'Change/Correction in PAN Data'.
- Fill in the details and click 'Submit'.
- Upload the necessary documentation as proof to support the requested change.
- Sign the declaration and click 'Submit'.
- Make your payment using net banking, credit card, etc.
- Download and print the acknowledgement form, then mail it to the NSDL office with two pictures and document proof.
The process normally takes 15-20 days. The new PAN card with updated information will be mailed to your postal address.
Verify your address using your PAN card
The Income Tax Department's e-Filing website allows you to access and verify your PAN information, including your registered address. Here's how to do it:
- Register: Visit the website (https://incometaxindia.gov.in/Pages/default.aspx) and register for an account if you haven't already.
- Access your account: Once registered, log in and navigate to "My Account" under "Profile Settings".
- View PAN details: Your PAN details, including your address, will be displayed.
Search for your PAN details by name and date of birth
If you don't remember your PAN number, you can retrieve it using your name and date of birth on the e-Filing website:
- Visit the website: Access the Income Tax Department e-Filing website (https://incometaxindia.gov.in/Pages/default.aspx).
- Navigate to "Quick Links": Locate the section labelled "Quick Links".
- Use "Know your PAN": Click on "Know Your PAN" and enter your personal information.
- Verify with OTP: An OTP will be sent to your registered mobile number for verification.
- Retrieve PAN: Enter the OTP and submit. Your PAN number, along with relevant details, will be displayed.
How to change details in my PAN card?
To modify information on your PAN card, follow these steps:
- Access NSDL services: Visit the NSDL website (https://www.onlineservices.nsdl.com/paam/) and navigate to the "PAN" section under the "Services" tab.
- Apply for changes: Select "Change/Correction in PAN Data" and click "Apply".
- Complete the online form: Fill in the required details and upload scanned proof documents through e-Sign.
- Submit request: After providing personal, contact, address information, and uploading supporting documents, sign the declaration and submit the application.
- Payment and acknowledgement: Make the necessary payment and download the acknowledgement receipt. Print, sign, attach two photographs, and send it along with the supporting documents to Protean e-Gov Technologies Limited (formerly NSDL) e-Gov.
- Processing time: Allow 15 to 20 working days for processing and receipt of your updated PAN card.
Updating your PAN address using Aadhaar
For a faster and more convenient update, you can utilize Aadhaar to modify your PAN address, provided your mobile number and email ID are linked:
- Visit NSDL website: Go to https://www.onlineservices.nsdl.com/paam/.
- Enter details: Enter your PAN number, Aadhaar number, email ID, and registered mobile number.
- Agree and submit: Accept the terms and conditions, enter the captcha code, and click "Submit".
- Verify with OTPs: OTPs will be sent to your mobile number and email ID for verification. Complete the process by entering the received OTPs.
Significance of maintaining an accurate PAN card
A valid PAN card plays a crucial role in various financial and legal matters. Here's why it's important to maintain accurate information:
- Employment: Employers require your PAN for salary accounting and tax purposes.
- Proof of Identity: PAN cards serve as valid proof of identity and photo identification for various purposes.
- Banking and financial transactions: PAN cards are mandatory for opening bank accounts and conducting financial transactions.
- High-value transactions: Transactions exceeding specific limits in areas like cash deposits, post office deposits, and mutual fund investments require PAN details.
- Loan and credit card applications: PAN verification is required for loan and credit card applications.
- Property transactions: PAN details are legally mandated for property purchases and sales exceeding a certain value.
- Purchase of jewellery and vehicles: PAN information is needed when buying high-value jewellery or vehicles (excluding two-wheelers).
- Share trading and insurance: PAN details are required for trading shares and when insurance premiums surpass a specific annual threshold.
- Foreign currency exchange: PAN verification is necessary when exchanging local currency for foreign currencies.
To conclude, keep your PAN card details updated as it serves as a valid form of identification proof. It is also crucial to update your details online to avoid any discrepancies during financial transactions. Checking your PAN card details by PAN card number can be done in a matter of minutes.