We need PAN card for various reasons nowadays, from purchasing a land to pertaining for a VISA, the PAN generally due to essential pre-condition. Many applications need a copy of the PAN card to be linked with those applications.Ever speculated why do we require a PAN card when we by now have other types of identity proofs such as Aadhar Card, Voter ID, or Ration Card?Why does not the Income Tax department make out as verification for taxpayers? You may consider PAN card as an identity proof, but there is a significant difference between PAN cards and other kinds of identity proofs.This post will clarify everything that you need to know your PAN card,know your pan by name.What is PAN card?PAN card is a number given by the Income Tax Department of India to verify taxpayers exclusively. On getting a PAN card, you get a laminated card that talks about your PAN information like Full name, Father’s name, DOB, Photo, Signature and your PAN card number.Why is it essential to get PAN?Just akin to students have Roll numbers in Classrooms to verify them separately, PAN is your individuality with the Income Tax Department. All your Income Tax Returns, Payments, Scrutinies, Notices, etc. are linked with this number.
How to apply for PAN?Application for getting a new PAN card can be completed online either via portal managed by National Securities Depository Limited or NSDL or via portal managed by UTI Infrastructure Technology and Services Limited or UTIITSL.