Of all the unique identification documents improvised, a PAN card is assigned to determine and get a hold of the financial attributes of an individual in India. PAN stands for Primary Account Number which includes a 10-digit alphanumeric number and is unique for all. Unlike the other unique identification documents, a PAN card is issued by the Income-Tax Department of India. The primary significance of a PAN card is to put a thorough check on the tax deposits of an individual as it links all the financial transactions made by an entity or an individual. A PAN is not only assigned to an individual but also a sole proprietorship firm or a partnership firm or an enterprise and thereby records all the transactions linked herewith. It is proof of identification for everyone who is a part of any monetary transaction that is happening across the nation.
HOW TO SEARCH FOR PAN CARD DETAILS
A PAN card search is possible through a number of ways, and all of them are equally effective. It can be done through a search with PAN number, name of an individual, date of birth of an individual and also by the address of an individual. There are ways through which it can be done online via the e-filing website of the Income Tax Department and by registering ourselves with the same.
PAN card details can also be updated through the website link mentioned above.
STEPS THAT NEEDS TO BE FOLLOWED FOR PAN CARD ADDRESS CHECKING
STEP 1: We need to visit the website www incometaxefiling gov in and click on the option “Register Yourself”.
STEP2: We need to fill in the information and register ourselves accordingly.
STEP3: We need to select the User Type and click on “Continue”.
STEP4: We need to fill in our basic details, respectively.
STEP5: We need to fill up the Registration form and click on “Submit”.
STEP6: Consequently, a link will be sent to the email address that we provided and we need to click on that link to activate our account with the Income Tax e-filing department.
STEP7: We need to visit “incometaxindiaefiling gov in/e-Filing/UserLogin/LoginHome html”
STEP8: We need to select “My Account.”
STEP9: We need to go to “Profile Settings” and click on “PAN Details” wherein the address and other details will be displayed.
TO AVAIL THE ADDRESS UPDATE FACILITY
In order to update the address of the PAN card which is extremely important in case one chooses to change one’s address, one has to have ADHAAR card and must have the phone number and email id which is registered with the ADHAAR card. A new address can also be updated by filling in the PAN Change Request Form available at the Nation Securities Depository Limited (NSDL) website.
SIGNIFICANCE OF HAVING A PAN CARD
PAN card has its own significance in ensuring all financial facilities offered by financial organizations as well as by our Govt.
It becomes easier to avail facilities like personal, educational, home and business loans. Life becomes a lot easier if one has this document issued and updated accordingly.
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