In today’s digital age, ensuring the authenticity of Permanent Account Numbers (PAN) is a critical step for various financial and regulatory entities. To facilitate this, the Income Tax Department (ITD) has authorized APIs to provide an online PAN verification service. This service is essential for entities like banks, insurance companies, mutual funds, and several others who need to verify PANs as part of their operational processes.
Who Can Utilize Online PAN Verification?
A wide range of entities and businesses can utilize this service, including:
- PFRDA approved Point of Presence
- Direct Brokers approved by IRDAI
- RBI approved Authorised Dealers
- Mutual Fund Advisors
- SEBI approved Registrars & Transfer agents
- Banks and NBFCs
- Insurance Web Aggregators
- Housing Finance Companies
- Central Recordkeeping Agency of National Pension System
- Government agencies, and many more.
Service Modes for Online PAN Verification
The online PAN verification service offers three modes:
- Screen-Based Verification: Users can input up to five PANs at a time for immediate verification results.
- File and Screen-Based Verification: For bulk verification, users can upload a file with up to 1000 PANs, receiving details within 24 hours.
- Software (API)-Based Verification: This offers an interface for online PAN verification through a software application, facilitating seamless integration with user systems.
Responses Provided in PAN Verification
The service provides detailed responses based on the PAN status:
- Valid PAN: Shows PAN status, holder’s name, last update date, and Aadhaar-PAN linking status.
- Valid PAN with events: Information about PAN status regarding events like mergers or acquisitions.
- Deleted or Deactivated PANs: Displays status as ‘Deleted’ or ‘Deactivated’.
- Fake PAN: Indicated as ‘Fake’ in the database.
- PAN not found: If the PAN is not in the ITD database, it is flagged, and proof can be forwarded for investigation.
Additional Details for Commercial Taxes Department
Steps to Verify PAN Details
For individuals or entities looking to verify PAN details, the process is straightforward:
- Visit the e-Filing portal here.
- Select ‘Verify Your PAN’ from the options.
- Enter the required details like PAN, Full Name, Date of Birth, and Mobile number.
- Enter the OTP received on the mobile for validation.
FAQs on Online PAN Verification
Q1: What is Online PAN Verification?
A1: Online PAN Verification is a digital process to validate the authenticity of a PAN card. It involves checking details like the name on the PAN card, date of birth, and PAN status, and can be done through various government websites.
Q2: How can I perform Online PAN Verification?
A2: You can verify your PAN online by visiting the official Income Tax e-Filing portal or through websites authorized by the Income Tax Department, such as NSDL e-Governance Infrastructure Limited.
Q3: What are the responses I can expect when verifying a PAN?
A3: The responses can include PAN status (active/inactive), name of the PAN holder, last update date of the PAN, and whether the PAN is marked as ‘Fake’, ‘Deactivated’, or ‘Not Found’ in the ITD database.
Q4: What details are displayed upon PAN Card Verification?
A4: Details like the PAN holder’s name, PAN status, and last update date on the PAN card are displayed upon verification.
Q5: What are the documents required to register for Online PAN Verification?
A5: Required documents include an authorization letter, terms and conditions on company letterhead, entity’s PAN card copy, declaration of entities, incorporation certificate, and relevant license/certificate copies.
Q6: What are the charges for Online PAN Verification?
A6: The annual registration fee for online PAN verification is Rs.1200 excluding GST. Additional Swachh Bharat Cess (SBC) at 0.5% may apply.
Q7: How does Bulk PAN Verification work?
A7: Bulk PAN Verification allows entities to verify up to 1,000 PANs at a time. This is typically done by uploading a file in a specified format to the verification website.
Q8: How to register for Bulk PAN Verification as an authorized agency?
A8: To register, visit the official website of an authorized service like NSDL or UTIISL, provide organizational and payment details, and submit the required documents.
Q9: What is the User Paying Model in Bulk PAN Verification?
A9: In the User Paying Model, entities pay for each PAN verification they perform. This model is suitable for those who need to verify PANs occasionally.
Q10: How can I view previous Token Details in Online PAN Verification?
A10: Previous token details can be viewed by logging into the verification portal using your user ID and accessing the relevant section for past transactions.
Q11: How can I verify a PAN using just the PAN number?
A11: Visit the official e-Filing portal or authorized websites, enter the PAN number along with your name and date of birth, and follow the verification steps.
Q12: How does the Aadhaar OTP method work for e-verifying returns?
A12: To e-verify returns using Aadhaar OTP, log into the e-Filing portal, upload your ITR, select Aadhaar OTP as the verification method, and enter the OTP received on your registered mobile number.
Q13: What entities are eligible for Online PAN Verification?
A13: Eligible entities include financial institutions, government agencies, KYC registration agencies, and other authorized organizations as specified by the Income Tax Department.
Q14: Can I renew my PAN Verification facility online?
A14: Yes, entities can renew their PAN verification system online via the official website using their user ID and digital signature.
Q15: Is there software available for Bulk PAN Verification?
A15: Yes, there are software solutions for bulk PAN verification, available through authorized service providers like NSDL and UTIISL.
The implementation of Online PAN Verification is a game-changer in the realm of digital finance and regulatory compliance. This innovative system streamlines the process of verifying Permanent Account Numbers, a critical aspect for numerous financial entities and businesses. By offering a digital, efficient, and secure method of verification, it not only accelerates the processing time but also significantly reduces the potential for errors and fraud. The flexibility of different verification modes caters to various organizational needs, from individual checks to bulk verifications. In essence, Online PAN Verification is a crucial step forward in modernizing and enhancing the reliability of financial verification processes, reflecting the evolving landscape of digital finance in today’s fast-paced world.
Sumanth Kumar is a Marketing Associate at IDcentral (A Subex Company). With hands-on experience with all of IDcentral’s KYC and Onboarding Technology, he loves to create indispensable digital content about the trends in User Onboarding across multiple industries.