e-PAN | All you need to know about the digital version of your PAN Card

All of us know how important Permanent Account Number or PAN is. It is not only an identity proof but an important document for financial transactions and for filing income tax returns.

e-PAN is a valid proof of PAN. e-PAN has a QR code that possesses demographic details of PAN card holders such as the person's name, date of birth and photograph. These details are accessible through a QR code reader and are duly recognised. This facility is now available for those PAN applicants who possess a valid Aadhaar number and have a mobile number registered with Aadhaar. The allotment process is paperless and an electronic PAN (e-PAN) is issued to the applicants free of cost.

PAN, the unique 10-digit alphanumeric number issued by the tax department is valid for lifetime and it can be obtained digitally as well. e-PAN is a digitally signed PAN card issued in electronic or digital format by the Income-tax department.

Every person has a business or profession with total sale, turnover, or gross receipts that are likely to exceed Rs 5 lakh in any previous year has to obtain a PAN card. Additionally, every person who wants to carry on a specified financial transaction in which quoting of PAN is mandatory must also obtain a PAN card.