Enabling the eligible Entities to verify the Permanent Account Number (PAN), the Income Tax department launched an online Pan Verification service. This facility can be accessed by those Entities who are Government Agencies of both Central and State, Reserve Bank of India (RBI), Banks, Depositories, Depository Participants, Mutual Funds, Companies (require to show the IT returns), Credit card companies or institutions, Stock Exchanges, Companies and Government Deductor, any other Entity who have to show the Annual Income Return. The service of online PAN Verification has 3 modes which are Screen based Verification, File Based Verification, Software based Verification.
What is Screen based Verification?
After login the website for PAN Verification, the user is provided with maximum of 5 PANs in the screen. The boxes are provided in the screen where the PANs can be entered by the user and then it is to be submitted. The PAN details response will be displayed then in the response screen.
What is File based Verification?
In this type Verification the user can upload a file consisting of maximum 200 PANs. Within 24 hours the response file consists PAN details will be available in the site. If the format of the file is not correct then the system will reject the file within 24 hours. Up to 15 days the response can be downloaded from the site by the user at per his/her convenience.
What is software based Verification?
This facility acts as an interface which allows the user to make an online PAN verification by accessing the required Verification site through definite software.
As per the ITD database and the status as “existing and valid”, the name of the PAN holder, valid PAN, last date of PAN update will be displayed. If in case the PAN is a fake then as per the rules of ITD database the status will be shown as Fake PAN. In case if the PAN can not be found in database the response shown is “not in ITD database”, in this case if the user can show the PAN allotment letter as well as Copy of PAN card the NSDL will make an investigation on it.