Pan Card in 48 hours
Those of who do not have PAN cards need now need not worry about it. People need not wait for 15 days. Now government will soon launch a facility under which a PAN card will be issued within 48 hours of applying.
An online facility for issuance of PAN is on the anvil under which an applicant can get a PAN card within 48 hours.
Besides, special camps will be organized throughout the country, including rural areas, to help people get PAN cards.
PAN (Permanent Account Number) is a 10-digit alphanumeric number, issued in the form of a laminated card by the Income Tax Department.
Recently, the Central Board of Direct Taxes (CBDT), the apex policy-making body of the I-T Department, had issued a notification making the Elector`s Photo Identity Card (EPIC) and Aadhaar valid proofs of "date of birth" for obtaining a PAN card.
PAN is required for filing return of income, sale or purchase of any immovable property beyond a certain amount, for buying jewellery and sale or purchase of a motor vehicle, among others.
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