Online PAN Verification

In today's digital era, accurate identification is crucial. The Permanent Account Number (PAN) card in India plays a pivotal role in the financial landscape, and PAN Verification is the essential process of confirming its authenticity and correctness. This verification mechanism is a crucial safeguard against tax evasion, fraudulent activities, and the misuse of PAN cards. It enables governmental authorities and various entities to cross-check and validate the details associated with individuals or businesses possessing a PAN card. In this article, we will explore several methods of PAN Card Verification and help you understand its importance. 

Online PAN Verification under Section 194N

To verify your PAN card under Section 194N, follow these steps:

• Visit the Income Tax Portal and login.
• Enter your PAN and mobile number.
• You should accept the terms and conditions. So, click "Continue".
• Follow the instructions on the next page to obtain information on the verification process under Section 194N.

Online PAN Verification With the Details Issued by the Company

UTI Infrastructure Technology And Services Limited is a major financial services company in India. It is government-owned and specialises in providing financial technology solutions to various government financial sectors. Like NSDL, UTIISL, is responsible for issuing PAN cards to Indian applicants who apply through their official website.

To confirm your PAN card details, visit the UTIISL PAN website and log in using your account information. Then, select the option for PAN card validation and provide the required information. The results will be displayed on the website afterwards.

Online PAN Verification by PAN Number

You can verify your PAN using only your PAN number with these steps:

• Go to the official website of IT for PAN verification.
• Provide your details, including your PAN Number. 
• Click on 'Continue.'
• Enter the OTP sent to your mobile number and click 'Validate.'
• Follow the instructions on the next page to finish the process.

Who Qualifies for PAN Verification?

Below is a list of individuals and organisations eligible for verification. This service is accessible to the following entities:

• Educational Institutions established by Regulatory Bodies
• Housing Finance Companies
• Entities who are required to produce Statement of Financial Transaction/Annual Information Return
• RBI approved Non-Banking Financial Companies (NBFCs)
• Insurance Company
• Central KYC Registry
• Depository Participants
• Goods and Service Tax Network
• Central and State Government Agencies
• Mutual Funds
• RBI-approved payment banks
• Clearing Corporations/Commodity Exchanges/Stock Exchanges
• Authorities who issue the Digital Signature Certificate (DSC)
• Insurance Repository
• SEBI-approved Investment Advisor
• RBI-approved Prepaid Payment Instrument Issuers
• Reserve Bank of India
• Stamp and Registration Department
• Companies that are required to produce Statement of Financial Transaction/Annual Information Return
• Credit card institutions
• Depositories
• Central Vigilance Commission

Documents Required to Register for Online PAN Card Verification

Here are the documents required to register for online PAN verification. 

• Authorisation letter on the company's letterhead.
• Terms and conditions on the company's letterhead.
• Two copies of the entity's PAN card, signed by an authorised entity.
• Two copies of the Declaration of Entities, signed by an authorised entity.
• Two copies of the Incorporation Certificate, signed by an authorised entity.
• Two copies of the License/Certificate issued by the regulatory body, signed by an authorised entity.
• Cheque or Demand Draft for the applicable charges, made in favour of 'Protean e-Gov Technologies Limited – TIN.'

PAN Verification Outcomes

When verifying a PAN, different responses are possible based on its validity and any associated events. 

• A valid PAN without specific events such as acquisition or merger will display details like the PAN holder's name, PAN status, the name on the PAN card, and the last update date. In the case of a valid PAN with events, it will also include information about the event itself. 
• If a PAN is fake, the response simply indicates "Fake" without additional details. 
• Likewise, it will be shown as "deactivated" or "deleted," if its actually done the same.
• Also, if a PAN card is not found in the Income Tax Department's records, the response will say "not present in ITD database."

Conclusion

In conclusion, PAN Card Verification is a crucial process in today's digital landscape, ensuring the accuracy and authenticity of Permanent Account Numbers (PAN) in India. This verification mechanism is vital in combating tax evasion, fraud, and PAN card misuse. It allows government authorities and various entities to cross-verify the details associated with individuals or businesses holding PAN cards. 

As you know, the eligibility for PAN Verification is open to government agencies, banks, schools, and more. This broad spectrum reflects the importance of PAN Verification in various sectors and industries.