India

FM Sitharaman launches facility of Instant PAN through Aadhaar based e-KYC

New Delhi: In line with the announcement made in the Union Budget, Union Minister for Finance  Nirmala Sitharaman formally launched the facility for instant allotment of PAN (on near to real time basis) on Thursday. This facility is now available for those PAN applicants who possess a valid Aadhaar number and have a mobile number registered with Aadhaar.

The allotment process is paperless and an electronic PAN (e-PAN) is issued to the applicants free of cost.

The facility of instant PAN through Aadhaar based e-KYC has been launched formally today, however, its ‘Beta version’ on trial basis was started on 12th February, on the e-filing website of Income Tax Department.

The launch of the Instant PAN facility is yet another step by the Income Tax Department towards Digital India, thereby creating further ease of compliance to the taxpayers.

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