![]() The primary need for this new E PAN card was to reduce the waiting time for the issue of PAN cards and to clear the backlog. The new E PAN card has evolved to have a biometric color photo of the cardholder and a QR code that can be scanned for verification purposes. For buying Insurance, mutual funds, and equity shares.For business and financial transactions.For telephone and postpaid mobile bills.For the opening of bank accounts and loan application.Filing of income tax returns and any query related to taxation.Some of the important uses where a PAN card is required are: Whether a person buys land, a home, a car or even applies to register a business, the PAN card is a must. This is the single most frequently required document and is required for almost all financial transactions. The E PAN card is a very important document and a must for everyone. The different places where the PAN card is required include: The importance of E PAN card The PAN card is mostly required for different types of applications and registrations. The PAN card has become an important ID proof and is one of the five important KYC (Know your customer) documents, including the Aadhaar card, passport, driving license, and voter ID card. The first three letters are random, the fourth letter denotes the level of the taxpayer, and the fifth letter denotes the first letter of the surname of the cardholder. ![]() The presence of the date of birth makes the PAN card an important age-proof document. ![]() ![]() The PAN card holds other vital information about the allottee, such as the date of birth and the father’s name. All PAN card numbers and details of allottees were maintained manually until the new PAN card system was introduced in 1995. The alphabets denote important details ever since its inception in 1972 and were made mandatory four years later. The PAN number is alphanumeric and has a unique combination of alphabets and numbers that are unique for each individual. The Income tax department introduced the PAN (Personal Account Number) as a system for uniquely identifying and storing the records of income taxpayers. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |