The PAN card is a crucial document that serves as proof of identity for income tax purposes. It is mandatory for filing income tax returns and needs to be verified. The verification process can be completed online. The PAN card has a unique 10 digit alphanumeric number issued by the IT department and is valid for a lifetime.
Not having a PAN card can lead to higher taxes, as various documents related to tax payments, tax assessment, tax demand, arrears, investments, loans, and other trading activities must be linked. The PAN card plays a significant role in identifying tax evaders and increasing the tax base.
Since January 1, 2005, the IT Department has made the PAN card mandatory for every payment and challan related to the Income Tax Department. It is also required when depositing cash above Rs. 50,000 in a bank. The deadline for filing IT returns is the end of July, but the PAN card must be verified before that. So, let’s find out how to verify it online.
How to Verify PAN Card Online
- Firstly, one has to log into the IT department’s e-filing website, www.incometaxindiaefiling.gov.in.
- Click on the Verify Your PAN Details option in Quick Links.
- After that, you must select your PAN number, name (as in PAN card), date of birth, and status as applicable.
- Finally, enter the captcha and click on submit. This completes the verification of your PAN details.
The income tax department advised following all essential suggestions before the deadline to avoid consequences and penalties. PAN Card verification is also important for every taxpayer, and everyone can verify it online with simple steps at home.
