Permanent Account Number (PAN) is an important identity number that is used to verify transactions involving tax and financial for transactions in India. No matter if you’re an individual or a company, PAN verification is crucial in a variety of financial procedures such as taxation, banking, as well as investment. But many people face problems when they verify their PAN. This causes frustrating delays that are not needed and unnecessary.
In this blog we’ll talk about the most common PAN Verification issues, the causes of them, as well as the best way to resolve them.
What is PAN Verification?
PAN Verification is the method to validate a PAN document provided through the Income Tax Department of India. It assures that PAN data supplied by an individual or company are correct and correspond to those of the official records. Financial institutions and organizations make use of PAN verification to avoid fraud and ensure compliance with legal requirements.
Since the advent of the digital authentication process, organizations may also utilize the PAN verification API to streamline the process. But, despite the advances in technology, consumers frequently face issues with verification that require rapid resolution.
Common Issues During PAN Verification and Their Solutions
1. PAN Information Does Not Correspond to IT Department Records
Cause:
- Name spelling is incorrect
- Incorrect typing in the PAN number
- Incorrect birth date
Solution:
- Make sure you double-check your information prior to submitting the information to verify.
- If the name of your child has changed you should update the name on the PAN card you have and any supporting documents.
- Utilize the authorized PAN verification site to confirm information before you submit them to anyone.
2. PAN Not Found in Database
Cause:
- A recently released PAN could not be changed in the verification system.
- The PAN number might not be active because it is not linked to Aadhaar.
- The PAN card may be counterfeit or invalid.
Solution:
- Take a couple of days, and then try again if you’ve just received a brand-new PAN.
- Make sure you have your PAN connected to Aadhaar in accordance with the regulations of the government.
- If you believe that there is a fraudulent PAN you should inform the Income Tax Department.
3. PAN is Inactive or Deactivated
Cause:
- PAN is not tied to Aadhaar by the time of the deadline.
- Multiple PANs are issued to the same person which can result in deactivation.
- The government has taken the decision to deactivate the PAN for non-compliance.
Solution:
- Verify your PAN’s status by visiting the site of the Income Tax Department.
- If your PAN is inactive, you may make an application for reinstatement by submitting all the necessary documents.
- Beware of having more than one PAN; If you’ve got more than one PAN, give up any additional PAN.
4. Issues with PAN Verification API Integration
Cause:
- The API key is not correctly configured.
- Credentials for API that are expired or invalid.
- Problems with technical or systemic issues with the API provider.
Solution:
- Check for the proper API key integration to your computer system.
- Update regularly your API credentials and run tests.
- Get in touch with your PAN API verification service provider to resolve the issue and provide assistance.
5. Verification Failure Due to Server Downtime
Cause:
- Traffic is high on the PAN Verification Portal
- Issues with the technical aspects of the site of the Income Tax Department
Solution:
- Give it a while and make sure you verify the results.
- If the problem persists If the issue persists, visit the official site or contact support for any updates.
6. PAN Linked with Wrong Aadhaar
Cause:
- Incorrect linking of PAN to Aadhaar
- Incorrect Aadhaar number that was provided when connecting
Solution:
- Check the associated Aadhaar number with the income Tax E-filing Portal.
- If you think the information is incorrect, go to the UIDAI or NSDL site and ask for an amendment.
7. Error in Date of Birth or Name on PAN
Cause:
- Errors during the PAN Application process
- Unmatched information Between Aadhaar and PAN
Solution:
- You can apply for PAN correction via NSDL and UTIITSL.
- Make sure you submit the documents required for updating your information.
8. PAN Verification Not Working for Non-Residents (NRIs)
Cause:
- NRIs are required to submit additional KYC documents to verify their identity.
- PAN data might not be up-to-date in the verification system for international users.
Solution:
- Check that you’ve done the NRI KYC procedure with your financial institution or bank.
- If verification is not successful, you should contact the PAN issuer for additional assistance.
How to Ensure Hassle-Free PAN Verification?
To prevent delays or errors in verification, adhere to these guidelines:
- Make sure your PAN details are Up-to-date: Ensure that your name, birth date as well as Aadhaar data are accurate.
- Utilize Reliable Platforms to Verify: Always use the official Income Tax site or reliable third-party services that include thePAN verification API.
- Link your PAN to Aadhaar: If you don’t have linked your PAN to Aadhaar make it so immediately in order to prevent deactivation.
- Verify for errors prior to Submitting: A simple spelling error or a typo can lead to inadvertent failures to verify.
Conclusion
PAN verification is an important procedure for transactions with financial institutions, which is why mistakes could lead to problems that are not needed. When you’re verifying by hand or employing an A PAN verification API making sure you are able to verify that the details are accurate is essential. When you know the typical issues and solutions to them to resolve them, you will be able to complete the verification process efficiently and with ease.
If you have persistent issues, you’re advised to call your Income Tax Department or the appropriate service supplier for help.
Frequently Asked Questions (FAQs)
1. What time does it take to confirm PAN information?
PAN Verification is generally instantaneous however; in certain instances, it could require a couple of hours to correct records.
2. What do I do in the event that my pin is not on the database?
Take a couple of days, if it’s a fresh PAN or you can make sure to check with the Income Tax Department for any differences.
3. Do I have the ability to verify my PAN on the internet?
You can confirm PAN on the internet using this authorized NSDL, UTIITSL, or an e-filing service provided by the government.
4. What happens when I have more than two PAN cards?
Possessing multiple PANs is unlawful. One must be surrendered in the Income Tax Department to avoid tax penalties.
5. How can business organizations automatize PAN Verification?
Companies can incorporate an API for Verification for PANs in their systems to validate PANs immediately and safely.