The Income Tax Department has introduced an 'instant' Aadhaar-based PAN allotment service for individuals seeking to file taxes for the first time. The facility is free of cost and instant allotment of e-PAN is available only for a limited period on a first-come-first-serve basis for valid Aadhaar holders. The facility is only for resident individuals and not for Hindu Undivided Family, trusts, firms and companies. How the e-PAN works The e-PAN will be generated using the details like DOB, gender, mobile number and address as available in Aadhaar. The applicant needs to make sure that these are details updated because the e-KYC will be done using the Aadhaar database. Once the e-KYC is successful, the process will be initiated. The applicant then needs to upload a scanned copy of their signature. After filing the application, a 15-digit acknowledgement number will…
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