Saturday, 25 April 2015

Applicant can get a PAN card within 48 hours of applying

 The government will soon launch a facility under which a PAN card will be issued within 48 hours of applying. 'An online facility for issuance of PAN is on the anvil under which an applicant can get a PAN card within 48 hours, special camps will be organised throughout the country, including rural areas, to help people get PAN cards. PAN (Permanent Account Number) is a 10-digit alphanumeric number, issued in the form of a laminated card by the Income Tax Department. Recently, the Central Board of Direct Taxes (CBDT), the apex policy-making body of the I-T Department, had issued a notification making the Elector's Photo Identity Card (EPIC) and Aadhaar valid proofs of 'date of birth' for obtaining a PAN card. PAN is required for filing return of income, sale or purchase of any immovable property beyond a certain amount, and sale or purchase of a motor vehicle, among others.

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