The Income Tax Department of India is set to launch a new facility for issuing Permanent Account Number. The department will launch a facility to issue permanent account number instantly online. This process will be done using the Aadhaar database and it will eventually reduce the waiting time of the applicant.
The service, which will be launched in a few weeks, will be helpful to those who have lost their PAN card and need a reissue. To get your electronic PAN card, you need to quote your Aadhaar card number. This will send a one-time password to the registered mobile number. This OPT will be used to verify the Aadhaar details.
You are not required to upload any document in this process since the linked Aadhar card carries all the required personal data. The process will just ask you some basic information.
The applicant will be issued a digitally signed electronic PAN (ePAN) card having a QR code to capture the demographic data and photo of the applicant.
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The department has issued around 60,000 ePAN cards as of the day and will soon be making this facility available for all the taxpayers.