of the PAN Card is the mentioned at the right (vertical) hand side of the photo on the PAN card if issued by NSDL (now rebranded as Protean eGov Technologies Limited) and will not be mentioned if issued by UTI-TSL. The central government has introduced a new online service called "Know Your PAN", to for knowing your PAN number, verify your PAN for new and existing PAN numbers. Failure to comply with the provisions of Section 139A of Income Tax Act, a penalty of ₹10,000/- for each default is payable u/s.272B to the assessing officer. Uses of PAN The primary purpose of the PAN is to bring a universal identification to all financial transactions and to prevent tax evasion by keeping track of monetary transactions, especially those of high-net-worth individuals who can impact the economy. Quoting the PAN is mandatory when filing income tax returns, tax deduction at source, or any other communication with the Income Tax Department. PAN is also steadily becoming a mandatory document for opening a new bank account, a demat account, a new landline telephone connection / a mobile phone connection, purchase of foreign currency, bank deposits above ₹50,000, purchase and sale of immovable properties, vehicles etc. Obtaining a PAN Obtaining a PAN is optional or voluntary like a passport, driving license, Aadhaar etc. However, its use is mandatory for conducting for high-value financial transactions, etc. One can apply for PAN by submitting the prescribed PAN application to the authorized PAN agency of the district or through online submission to NSDL, which is now rebranded as Protean eGov Technologies Limited, Website, UTI along with 2 recent passport size color photographs, proof of ID, Address and Date of Birth and fee. In case of re-print (re-issue), a photocopy of the old PAN is also required. It takes about 10–15 days to receive the card. A user with an Aadhaar card can also submit e-KYC. Prescribed PAN application forms There are two types of PAN applications: Application for allotment of PAN: This application should be used when the applicants do not have any PAN allotted to them.Form 49A: - To be filled by Indian Citizens https://www.protean-tinpan.com/downloads/pan/download/Form_49A.PDF FORM 49AA: - To be filled by foreign citizens. Application for new PAN Card or/and Changes or Corrections in PAN Data: - Those who have already have a PAN and wish to obtain the new PAN card or want to make some