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Every Indian citizen has a unique ten-digit alphanumeric code called the Permanent Account Number (PAN). A PAN Number is not only essential, but it is also mandatory for all financial transactions in the country. The Income Tax Department of India issues PAN to every taxpayer as a unique identification number. It is also an essential document required for the opening of bank accounts, filing of income tax returns, and availing government subsidies.
A PAN Card is a laminated plastic card that carries basic information like the PAN Number, name, date of birth, and photograph of the holder. It serves as proof of identity for various transactions in India. The PAN Card Status is an online facility provided by the Income Tax Department of India, enabling taxpayers to track their PAN application status and download the e-PAN, which is equivalent to a physical PAN Card.
Why Does It Matter?
A PAN Number serves as a crucial ID proof while opening a bank account, making purchases of high value, booking tickets, availing government services, and in many other cases. It makes the identification process easier for various organizations and authorities. A PAN Number is also mandatory while filing for Income Tax returns.
The primary function of the PAN is to track financial transactions and keep a check on tax evasion. It was introduced in 1972 as a means to counter tax evasion and streamline the tax collection process. PAN ensures that every person paying taxes is accounted for and those who evade tax are caught. Through PAN, the Income Tax Department can monitor financial transactions, keep a check on black money, and identify fraudulent activities.
Moreover, a PAN Number helps in linking financial transactions of an individual across various channels. With PAN, all financial information is collated in one place, making it easier for individuals to organize their finances better. PAN also helps in tracking loans, investments, and various other financial assets.
The Importance of PAN Card Status
To apply for a PAN Card, one can either visit the NSDL or UTIITSL website or visit an authorized PAN service center. The application process is quite straightforward and involves the submission of certain documents and payment of a nominal fee. However, the PAN Card Status is an online facility that enables applicants to track the status of their PAN applications.
Once the application is submitted, the PAN Card Status can be checked by visiting the official website of NSDL or UTIITSL. The applicant is required to enter their 15-digit acknowledgement number to track the application status. The status can be one of the following:
- Under Process: This means that the PAN application has been received, and the processing is ongoing.
- Dispatched: This means that the PAN Card has been dispatched and will be delivered at the given address.
- Withheld: This means that the application has been withheld due to various reasons like incorrect information provided, lack of documents, etc.
- Rejected: This means that the application has been rejected due to various reasons like fraud, incorrect information, or incomplete documents.
Checking the PAN Card status is essential to ensure that the application process is smooth and that the applicant receives the card within the specified time frame. It also helps in identifying any discrepancies or errors in the application and rectifying them before the card is dispatched.
In case the PAN Card is not received within the specified time frame, the applicant can contact the helpline number provided by NSDL or UTIITSL and enquire about the status of the card. The helpline number can be found on the official website of NSDL or UTIITSL.
How to Check PAN Card Status?
The PAN Card Status can be checked in a few simple steps. The process is as follows:
Step 1: Visit the official website of NSDL or UTIITSL.
Step 2: Click on the ‘Track PAN Card Status’ option.
Step 3: Enter the 15-digit acknowledgement number provided at the time of application.
Step 4: Enter the captcha code displayed on the screen.
Step 5: Click on the ‘Submit’ option.
Step 6: The status of the PAN application will be displayed on the screen.
Conclusion
A PAN Number is a crucial document required for various transactions in India. It serves as an ID proof and facilitates easy identification of individuals across various channels. It is also a means to counter tax evasion and streamline the tax collection process. The PAN Card Status is an online facility provided by the Income Tax Department of India, enabling taxpayers to track their PAN application status. Checking the PAN Card Status is essential to ensure that the application process is smooth, and the applicant receives the card within the specified time frame. It also helps in identifying any discrepancies or errors in the application and rectifying them before the card is dispatched. In conclusion, the PAN Card is a critical document that facilitates financial transactions and provides a unique identification number for every individual.
