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The Income Tax Department has launched instant Aadhaar-based e-PAN allotment service for individuals seeking PAN (Permanent Account Number) service for the first time.
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This facility is free of cost and is available for a limited period on first-come, first-served basis for valid Aadhaar holders.
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It was introduced because of increasing number of people applying for PAN.
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The e-PAN will be allotted on basis of one-time password (OTP) sent on mobile number linked to Aadhaar number of a person.
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It will have the same name, date of birth, gender, mobile number and address as in Aadhaar.
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This facility is only for resident individuals and not for Hindu Undivided Family (HUF), firms, trusts and companies.
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Once e-PAN is allotted to applicant through his electronic Aadhaar-based verification system in few seconds, the applicant will be sent the PAN card by post.
