Is ePAN and PAN are same?

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Is ePAN and PAN are same?

1. Electronically issued and Digitally signed ePAN is now a valid mode of issue of Permanent Account Number (PAN) post amendments in clause (c) in the Explanation occurring after sub- section (8) of Section 139A of Income Tax Act, 1961 and sub-rule (6) of Rule 114 of the Income Tax Rules, 1962. 2.

Is e PAN card valid?

e-PAN is a valid proof of PAN. e-PAN has a QR code that possesses demographic details of PAN card holders such as the person’s name, date of birth and photograph. These details are accessible through a QR code reader and are duly recognised.

Is E PAN as good as physical PAN?

As the income tax department has made e-PAN card equivalent to the old laminated PAN card, having a PDF copy of the 10-digit alphanumeric card is as good as the physical copy.

How do I use e PAN?

Procedure to Apply for ePAN

  1. Step 1: Log on to the website.
  2. Step 2: Mobile number linked to Aadhar.
  3. Step 3: Click on Instant e-Pan.
  4. Step 4: Enter the details.
  5. Step 5: Enter the OTP.
  6. Step 6: Uploading the signature.
  7. Step 7: Acknowledgement Number.
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Is epan valid for KYC?

Answer: Yes, e-PAN is a valid proof of PAN. e-PAN contains a QR code having demographic details of PAN applicant such as name, date of birth and photograph. These details are accessible through a QR code reader.

Can I open bank account with epan?

The e-PAN is issued within 10 minutes in a PDF format. Applicants can use the PAN number to open bank accounts, start investing etc.

Is E-PAN free of cost?

If you have not been allotted a PAN, you can generate your e-PAN with the help of your Aadhaar and a mobile number registered with your Aadhaar. Generating e-PAN is free of cost, online process and does not require you to fill up any forms.

Can I get hard copy of E PAN?

Instructions: 1. This facility can be availed by those PAN holders whose latest PAN application was processed through NSDL e-Gov or have obtained PAN using ‘Instant e-PAN’ facility on e-filling portal of ITD.

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Can I use epan in bank?

Issued in just 10 minutes in a soft copy format, the e-PAN is equivalent to the laminated PAN card that we are used to. Having a PAN card is mandatory for several purposes like paying income tax, filing income tax returns (ITR), opening a bank account or demat account, applying for a debit or credit card, etc.

What is e-Pan and how does it work?

e-PAN is a digitally signed PAN card issued in electronic or digital format by the Income-tax department. All of us know how important Permanent Account Number or PAN is. It is not only an identity proof but an important document for financial transactions and for filing income tax returns.

What is an itd e-Pan?

It is a digitally signed card issued by the Income Tax Department (ITD) in an electronic format using Aadhaar e-KYC. Furthermore, it eases the application filing process for the PAN card.

Is e-Pan a valid proof of Pan?

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e-PAN is a valid proof of PAN. e-PAN has a QR code that possesses demographic details of PAN card holders such as the person’s name, date of birth and photograph. These details are accessible through a QR code reader and are duly recognised.

How to apply for instant e-Pan online?

Step-by-Step Guide Step 1: Go to the e-Filing portal homepage, click Instant e-PAN. Step 2: On the e-PAN page, click Get New e-PAN. Step 3: On the Get New e-PAN page, enter your 12-digit Aadhaar number, select the I confirm that checkbox and click Continue.