The PAN (Permanent Account Number) card is an important document for conducting even the most simplest of financial transactions like opening a savings bank account, applying for a debit/credit card and so on.
It is a 10-digit alphanumeric identity allotted by the income tax department to an individual, company, Hindu Undivided Family (HUF) or any other person.
Earlier, to apply for PAN, an individual had to fill up forms offline specified by the income tax department (i.e., ..)
1. While filling in your application, you should fill your surname before your first name. However, on the PAN card, your name will appear in the sequence of ‘First name Surname’.
2. There is a paperless facility called e-KYC and e-sign where your Aadhaar details will be used. You don’t have to upload images such as photo, signature or other supporting documents. Your Aadhaar photograph will appear in your PAN if you use the e-KYC and e-sign facility.
3. There is a second method which is a standalone e-sign facility where you are required to upload your photograph, signature (in black ink) and specified supporting documents in a prescribed format, unlike in the e-KYC and e-Sign option.
4. However, for minor applicants and cases where a representative assessee is appointed, then the e-KYC and e-sign facility is not allowed.
5. You should only use the e-Sign or e-KYC methods if your mobile/email is linked with Aadhaar as you will be required to undergo the Aadhaar authentication process.