When you apply for an SME loan, you must submit your PAN card (or e-PAN card) and company PAN card, if applicable. These are important identifications that lenders require to conduct your credit assessment when deciding whether to lend to you or not.
When you are submitting your PAN card to the lender, you can either give them a scanned colour copy (or photo) of it, or you can submit your e-PAN card. To download your e-PAN online, you can either use the NSDL portal or the UTIITSL portal.
What is a PAN?
A Permanent Account Number (PAN) is a ten-digit unique alphanumeric identification number issued by the Income Tax Department. Every individual and corporate taxpayer doing business in India must have a PAN.
What is an e-PAN Card?
An e-PAN card is a digitally signed PAN card that is issued electronically. Your e-PAN card is accepted as valid proof of allotment of PAN.
How can I download my e-PAN card online using the NSDL portal?
Using the NSDL Portal, you can download a PAN that was allotted in the last 30 days, and PAN cards allotted more than 30 days ago.
The steps to download a PAN allotted in the last 30 days are:
Step 1: Visit the NSDL portal.
Step 2: Select the “Acknowledgement Number” option at the top of the page.
Step 3: Fill in your Acknowledgment Number and Captcha Code.
Step 4: Click on “Submit”.
Step 5: You will be redirected to the next page, where you will be given the option to receive an OTP using an email ID, mobile number, or both. Select the option you want to receive OTP.
Step 6: Click on “Generate OTP”. The OTP will now be sent to your chosen medium.
Step 7: Once you receive the OTP, fill it into the given field.
Step 8: Click on “Validate”.
Step 9: After successful validation, you will be shown the “Download PDF” option. Click on it and your e-PAN should start downloading to your computer.
The e-PAN PDF file downloaded will be password protected. The password will be your Date of Birth/Date of Incorporation/Date of Formation in DDMMYYYY format.
Note: If your PAN application was submitted to NSDL e-Gov where PAN was allotted or changes were confirmed by ITD within the last 30 days, the e-PAN card can be downloaded for free, three times.
The steps to download a PAN allotted more than 30 days ago are:
Step 1: Visit the NSDL portal.
Step 2: Select the “PAN” option at the top of the page.
Step 3: Fill in the following details:
- Your month and year of birth
- GSTN (optional)
Step 4: Select the conditions of usage and enter the captcha code.
Step 5: Click on “Submit”. Now your e-PAN card should start downloading to your computer.
Note: If your PAN was allotted/changed in PAN Data and confirmed by ITD more than 30 days ago, you will be charged Rs. 8.26 (inclusive of all taxes) to download your e-PAN card.
How can I download my e-PAN online using the UTIITSL portal?
You are now able to use the UTI Infrastructure Technology and Service Limited (UTIITSL) portal to download your e-PAN if:
- You have applied for fresh PAN through UTIITSL.
- You have applied for the latest PAN changes, corrections or updates through UTIITSL.
- You have registered a valid and active mobile number or e-mail ID with your PAN record with the Income Tax Department.
If you meet the criteria, follow the steps below to download your e-PAN from the UTIITSL portal:
Step 1: Visit site UTIITSL portal.
Step 2: Fill in the following details:
- Date of Birth/Date of Incorporation/Date of Agreement/Date of partnership or trust deed/Date of formation of BOI/Date of AOP (in MM/YYYY format)
- GSTIN (optional)
Step 3: Enter the Captcha code and click on “Submit”.
Step 4: After successful submission, a link will be sent to the registered mobile number through SMS and/or to your registered email ID.
Step 5: Once you receive the link, click on it.
Step 6: You will be redirected to a page where you will be required to provide an OTP sent to your mobile number or email ID.
Step 7: Enter the OTP and you can download your e-PAN card.
Note: If your PAN application was allotted or changes were confirmed by ITD within the last 30 days, the e-PAN card can be downloaded for free. In any other case, you will be charged Rs.8.26 (tax included) when using the UTIITSL portal to download your e-PAN card.
Once you’ve downloaded your e-PAN card, remember to store it in a safe place and not share it with strangers.
When you apply for an SME loan, you will be required to share colour copies of your individual and business PAN (if applicable) with the lender. The lender uses your PAN to verify your identity and your tax history.
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