Query on Permanent Account Number

Who can avail a PAN Card?

The PAN Card isn't solely issued to people. Corporations and partnership companies can even avail a PAN Card and it becomes necessary for such entities to possess a PAN number after they are filing their income tax returns. Even in case of people, minors, students and Non-Resident Indians can even apply PAN Card on-line.

History of PAN Card in India?

Before PAN Card was introduced in India, (General Index Register) GIR came into existence. it was a manual system that was unique to the assessing officer’s ward/circle that conjointly resulted in errors and miscalculations. However, GIR wasn't unique to the individual at the country level. in the year 1972, the thought of Permanent Account number (old series) was 1st introduced by the govt of India and was created statutory under the section 139A of the income tax Act, 1961 with result from first April 1976.

Different blocks of PAN were assigned to every Commissioner by the Board and Commissioners were liable for allotment of PAN to the taxpayers under varied assessing officers. Allotment of PAN Card was created manually at first, and to avoid duplication, every ward/circle was given a definite set of numbers. However Government of India abandoned this method due to varied issues related to it.

The PAN under previous series faced varied issues and eventually couldn't meet the desired objectives owing to the subsequent reasons:

There was no database maintained to check the allotment of multiple PANs to taxpayers.
Non-structured database under computerized system was limited to a few parameters- Name, Address, Status and Designation of Assessing Officer.
There was no centralised authority who could issue the PAN Cards, resulting in the possibility that different centers could allot the same number to different individuals in the country.
There was no permanent number for the taxpayers which ultimately resulted in the change in PAN number with the address of the cardholder.

To avoid the risk of obtaining it plagarised, Government of India took the step of introducing new series of PAN Card. Section 139A of income tax Act was amended with the impact from 01.07.1995 to modify the allotment of PAN under the new series to persons residing within the areas notified by the Board. Also, applications for allotment of PAN under the new series were created necessary in Delhi, Mumbai, and Chennai with result from 01.06.1996 and within the remainder of country from 11.02.1998.

How to Track PAN Card Status?

So is tracking the status of your application. When you complete your PAN application, you'll receive an acknowledgement number that you just will use to trace your PAN Card status on-line or offline. the same number is generated although you apply for a change in your PAN details.

It takes around fifteen operating days for a PAN Card to be delivered and you'll be able to PAN application status three days once your application has been submitted. a trial to trace the status before three days would possibly give inaccurate updates.

How to Track PAN Card status through SMS?

You can also track your PAN Card status via SMS by following the below mentioned steps:

Step 1: during a new message, type ‘NSDLPAN’ followed by your 15-digit acknowledgement number

Step 2: Send this message to 57575

Step 3: you will receive an SMS with this status of your PAN