PAN facilitates instrumental transactions such as tax payments, entering certain financial contracts, and filing I-T returns.
It also serves as a government-verified proof of identity.
Here's how you can apply for PAN online using your Aadhaar card.
Step-by-step guide to applying PAN using Aadhaar
e-PAN application facility via Aadhaar KYC
If you don't have a PAN card, you can easily apply for it online using your Aadhaar card, free of cost. The e-PAN facility launched by the I-T department lets users apply for a digitally-signed PAN using Aadhaar for KYC, for quick and convenient allotment.
Procedure to apply for e-PAN using Aadhaar KYC
Log on to the UTITSL's PANOnline portal, and click on 'Apply as an Indian Citizen/NRI.'
Next, click on 'Apply & Sign using Digital Signature/Aadhaar based e-Sign..' link.
You will be directed to Form 49A.
Check the apt boxes as per your needs, fill the form, and click on 'Submit' button.
Post successful submission, a 15-digit acknowledgment number will be issued to you.
Love India news?
Stay updated with the latest happenings.
Clearing the air around Aadhaar status
Post the September 26, 2018 Supreme Court verdict relating to authentication of Aadhaar, there has been a lot of confusion with respect to services where Aadhaar is necessary and where not.
Aadhaar is no longer mandatory for services such as bank account, telecom services, and school admissions/entrance tests.
However, it is still necessary for getting a PAN, filing I-T returns, and availing welfare schemes.