Every Indian taxpayer must have a Permanent Account Number (PAN) card. The Income Tax Department issues PANs, which are distinctive 10-digit alphanumeric identifiers, to people, businesses, and corporations.
However, mistakes with PAN card information can be a hassle when conducting different financial transactions.
We'll give you a simple guide in this article on how to fix mistakes with your PAN card information.
The value of a PAN card
For a number of financial transactions, including opening a bank account, purchasing or selling real estate, paying income taxes, and applying for a loan, a PAN card is necessary.
PAN card serves as a valid proof of identity and helps in preventing tax evasion.
Common Errors in PAN Card Details
Typographical errors, name mismatches, incorrect dates of birth, and incorrect addresses are just a few of the causes of errors in PAN card information.
Such errors can cause inconvenience during financial transactions and may even result in rejection of applications.
Reasons for Errors in PAN Card Details
Errors in PAN card details can occur due to various reasons such as human error while filling the application, incorrect information provided in the supporting documents, and incorrect data entry by the Income Tax Department.
Documents Required for PAN Card Correction
To correct errors in PAN card details, one needs to submit the following documents:
- PAN Card Correction Form
- Proof of Identity
- Proof of Address
- Proof of Date of Birth (if applicable) (if applicable)
Types of PAN Card Corrections
There are two types of PAN card corrections:
Minor Correction: If the errors in PAN card details are minor such as spelling mistakes, mismatch of names, and incorrect address, then the applicant can apply for a minor correction.
Major Correction: If the errors in PAN card details are major such as incorrect date of birth or incorrect father's name, then the applicant needs to apply for a major correction.
Online Process to Correct PAN Card Details
To correct PAN card details online, follow the below steps:
- Visit the official website of NSDL or UTIITSL.
- Select the 'PAN' option from the menu.
- Click on 'Apply Online'.
- Select the appropriate form for PAN card correction.
- Fill in the required details and submit the form.
- Upload the supporting documents.
- Pay the fee using online payment modes.
- Submit the form and note the acknowledgement number for future reference.
Offline Process to Correct PAN Card Details
To correct PAN card details offline, follow the below steps:
- Download the PAN card correction form from the official website.
- Fill in the required details and attach the supporting documents.
- Submit the form to the nearest NSDL or UTIITSL office.
- Pay the fee in cash or through demand draught.
- Collect the acknowledgement receipt for future reference.
Status Check of PAN Card Correction
To check the status of PAN card correction, follow the below steps:
- Visit the official website of NSDL or UTIITSL.
- Select the 'PAN' option from the menu.
- Click on 'Track PAN Card Status'.
- Enter the acknowledgement number and submit.
- The status of the PAN card correction will be displayed on the screen.
Timelines for PAN Card Correction
Minor corrections in PAN card details usually take around 15-20 days to get processed and the corrected PAN card is dispatched to the applicant's address.
However, major corrections may take longer and can take up to 45 days.
In conclusion, having a PAN card with correct details is crucial for various financial transactions. It is important to be aware of the common errors in PAN card details and the process to correct them.
With the help of this easy guide, you can easily correct errors in your PAN card details and avoid any inconvenience during financial transactions.
FAQs on PAN Card Correction
Can I correct errors in my PAN card details online?
Yes, you can correct errors in your PAN card details online by visiting the official website of NSDL or UTIITSL.
What are the documents required for PAN card correction?
The documents required for PAN card correction are PAN Card Correction Form, proof of identity, proof of address, and proof of date of birth (if applicable) (if applicable).
What is the fee for PAN card correction?
The fee for PAN card correction is Rs. 110 for Indian citizens and Rs. 1,020 for foreign citizens.
How can I check the status of my PAN card correction?
You can check the status of your PAN card correction by visiting the official website of NSDL or UTIITSL and entering your acknowledgement number.
What is the timeline for PAN card correction?
Minor corrections in PAN card details usually take around 15-20 days to get processed and the corrected PAN card is dispatched to the applicant's address.
However, major corrections may take longer and can take up to 45 days.
