All taxpayers are required to have a Permanent Account Number (PAN), often known as a 10-digit identity number, which is provided by the government. Every single transaction involving the income tax and every single financial statement must include this crucial figure. The Indian government has delegated the task of issuing and managing PAN cards to two separate organizations: NSDL and UTIITSL. Together, they are responsible for the country’s hundreds of millions of taxpayers.
A third-party audit is carried out by the Department of Income Tax in order to verify the identity and address of PAN applicants in addition to the authenticity of the papers that were supplied during the PAN application process. The Personal Identification Number (PAN) information of the thousands of users who conduct business with the government and non-government organizations is being sought after for verification.
The Income Tax Department launched a service known as “Know your PAN” in order to get information that is relevant to the PAN. This service can be helpful in a variety of scenarios, such as the loss of a PAN card or an urgent requirement for your PAN number in which the information is not readily available. Or there could be circumstances in which you would want to compare the address registered to your PAN. Knowing your PAN was a lifesaver in all of these predicaments since it allowed you to get all of the information simply by inputting your PAN.
- Date of birth,
- Full name, and
- Registered mobile number.
However, this facility was being abused, which created a risk to the confidentiality of the data stored there. The ‘try and run’ strategy made gaining access to the PAN information of another person quite simple. The ‘Know your PAN’ service was terminated by the Income Tax department, and it was replaced with the ‘Verify your PAN’ service in its place. This was done to reduce the risk of additional fraud and improper use of government resources. Throughout this brand-new service, which was just introduced by the Income Tax Department, you will be able to validate your PAN credentials. If you want to understand the details, then you can click here to know more.
There are three methods available for verifying a PAN:
- PAN Verification by screens
- The verification process is based on files and screens.
- PAN Verification is accomplished by software (API).
PAN Verification is done through the screen
On the page that appears after the login process, users are allowed to enter a maximum of five PANs each. After that, the PANs would be inputted and then handed in at the respective boxes on the panel. The answer that includes the PAN data will be shown on the screen that reads “response.”
The verification process is based on files and screens
After logging in, users have the ability to upload a file containing no more than 1000 PANs (file structure as specified by the portals). Within the next twenty-four hours, the website will compile a response file that includes specific information on the PANs that are now accessible. In the event that the file format is incorrect, the application will relay the rejection within twenty-four hours. The individual has access to the response for up to 15 days at their own discretion throughout that time.
PAN verification based on software (API)
The user is able to complete online PAN verification with the use of a software program by going to the verification site and using the facility, which is an interface.
Here’s how you can Verify your PAN-
Step 1: Go to the ‘e-Filing’ site for income tax at www.incometaxindiaefiling.gov.in and log in to your account.
Step 2: From the section labelled “Quick Links,” select the hyperlink that reads “Verify Your PAN information.”
Step 3: Enter the Permanent Account Number, Full Name (As per the PAN), Date of Birth, and Choose the ‘Status’ as Appropriate.
Step 4: In order to validate your PAN data, enter the Captcha code exactly as it appears in the picture, and then click the “Submit” button.
Step 5: The response screen displays the PAN information that is currently on record.
Conclusion
Now, it is necessary to verify your PAN card for different financial processes, which is why you need to ensure that you do the same.
