PAN Card E-filing: Quick Registration Guide

Introduction

E-filing PAN is the process where taxpayers sign up on the government's Income Tax E-Filing website using their Permanent Account Number. This enables them to file their income tax returns online and meet other tax-related responsibilities electronically. To access the portal, taxpayers need to register their Permanent Account Number (PAN) for login purposes. It simplifies the process of filing taxes and managing tax affairs online.

Steps for PAN Registration on Income Tax Portal

• Visit the income tax portal.
• Go to the e-Filing portal homepage and click on the "Register" option.
• Enter your PAN number under the "Register as a Taxpayer" option and click "Validate."
• Fill in the mandatory details, including your Name, Date of Birth (DOB) or Date of Incorporation (DOI), Gender (if applicable), and Residential Status as per your PAN on the Basic Details page. Click "Continue" after filling these details.
• After your PAN is validated, you'll be directed to the Contact Details page for individual taxpayers. Provide your Primary Mobile Number, email ID, and Address. Click "Continue" to proceed.
• Two separate OTPs (One-Time Passwords) will be sent to your primary mobile number and email ID. Enter the 6-digit OTPs received on both your mobile number and email ID, and then click "Continue."
• Verify the data you've entered. If corrections are needed, you can go back to the previous screen, make changes, and validate them with the OTPs received.
• Set a password for your account. The password should be a combination of lowercase letters, uppercase letters, and special characters to enhance security.
• Once you've successfully registered, click "Proceed to Login" to start the login process.

Some Important FAQs

What are the benefits of obtaining a Permanent Account Number [PAN] and PAN Card?

A Permanent Account Number has been made compulsory for every transaction with the Income-tax Department. It is also mandatory for numerous other financial transactions such as opening of bank accounts, in bank account, deposit of cash in bank account, opening of Demat account, transaction of immovable properties, dealing in securities, etc. A PAN card is a valuable means of photo identification accepted by all Government and non-Government institutions in the country.

What are the specified financial transactions in which quoting of PAN is mandatory?

The specified financial transactions in which quoting of PAN (Permanent Account Number) is mandatory, as per rule 114B, include:

• Sale or purchase of a motor vehicle (other than two-wheeled vehicles).
• Opening an account (except certain types) with a banking company or co-operative bank.
• Applying for a credit or debit card.
• Opening a demat account with a depository, participant, or custodian of securities regulated by SEBI.
• Sale or purchase of securities (excluding shares) exceeding Rs. 1 lakh per transaction.
• Sale or purchase of unlisted company shares exceeding Rs. 1 lakh per transaction.
• Sale or purchase of immovable property exceeding Rs. 10 lakh or valued as per stamp valuation authority.
• Sale or purchase of goods or services exceeding Rs. 2 lakh per transaction.

How does Income Tax Department ensure that PAN is quoted on transactions in which quoting of PAN is mandatory?

It is statutory responsibility of a person receiving document relating to economic or financial transactions notified by the Central Board of Direct Taxes (CBDT) to ensure that PAN has been duly quoted in the documents in which quoting of PAN is mandatory. Thus, the receiver of these documents will ensure that PAN is quoted in the respective document. E.g. PAN is necessary to open a bank account and hence the Bank will ensure that the applicant has quoted his PAN at the time of applying for bank account.

Can I file my return of income without quoting PAN?

It is mandatory to quote PAN on the return of income. Apart from return of income, PAN is also to be quoted in all challans for making payment of tax, correspondence with the Income Tax Department, etc.

However, w.e.f., 01-09-2019, every person who has been allotted a PAN, and who has linked his Aadhaar number with PAN as per section 139AA, may furnish his Aadhaar number in lieu of a PAN for all the transactions where quoting of PAN is mandatory as per Income-tax Act. Thus, with effect from September 1, 2019, an assessee can file his return of income by quoting his Aadhaar number instead of quoting PAN.

Is it mandatory to file return of income after getting PAN?

Return is to be filed only if you are liable to file return of income under section 139.