How to update address and other details in PAN card
Permanent Account Number (PAN) is a unique, 10-digit alphanumeric identity allotted to all taxpayers in India by the Income Tax department.
It is essential for undergoing various financial transactions such as receiving taxable salaries/professional fees, sale or purchase of assets, trading of mutual funds, etc.
It also serves as an important identity proof.
Here’s how you can update your PAN card address, other details.
How to update other details in PAN card, online
To update other PAN details online, follow these steps:
Firstly, log on to the official online PAN application portal.
Under the ‘Application Type’ drop-down menu, click on ‘Changes or correction in existing PAN data’ link. Select the relevant ‘Category.’
Following this, enter all the necessary details, upload required documents, make payment, and you are done.
Separately, PAN and Aadhaar can now be used interchangeably
The Central government has now made PAN and Aadhaar card interchangeable.
This implies that you can now quote your Aadhaar number instead of PAN to file Income Tax returns.
Further, Aadhaar can also be used for other services where quoting of PAN is necessary, such as buying/selling financial instruments like MF, gold etc.
Note: August 31, 2019 is the last date to file ITR.
Notably, your PAN might get deactivated, if not linked soon
Further, according to reports, the government is planning to temporarily invalidate all PAN cards that are not linked with Aadhaar latest by August 31, 2019.
The thought behind the move is that the government believes that if after so many extensions, your PAN isn’t yet linked with Aadhaar, its authenticity is questionable.
Simply put, the government is skeptic that your PAN might be fake.
Here is how you can link your PAN and Aadhaar
To link Aadhaar with PAN online, log on to the Income Tax e-portal.
Next, under the ‘Quick Links’ section, click on ‘Link Aadhaar.’
Enter details such as Aadhaar number, PAN, name, and Captcha code.
Submit the details, click on ‘Link Aadhaar’, and you’re done.
After successful verification from UIDAI, the linkage will be confirmed.
You can also link your PAN with Aadhaar via SMS.