New Delhi: Whenever we move to a new house, changing the address from Aadhaar card to bank accounts is our priority. but often people PAN Card I forget to update the address. According to the Income Tax Department, it is mandatory to have the correct address in the PAN card, as it is linked to all your important financial transactions and Income Tax Returns (ITR).
Now you do not need to visit any office for this. You can update your address in just a few minutes through online mode sitting at home.
Why is it necessary to change address in PAN card?
PAN card is not just an identity card but also the basis of your financial profile. Incorrect address may cause you the following problems:
Delay in ITR Refund: If your address is out of date, important correspondence or refunds coming from the Income Tax Department may get stopped.
Bank KYC: There may be difficulty in opening a new account in the bank or updating the KYC of the existing account.
government subsidies: To avail the benefits of many government schemes, it is important to have the same address in all your documents.
Complete process of online address updating
You NSDL(Protean) Or UTIITSL You can easily make corrections through the official portal. Its step-by-step procedure is given below:
Visit the portal: First of all Protean (NSDL) Or UTIITSL Go to the website of.
Select option: on the homepage ‘PAN Correction’ Or ‘Change/Correction in PAN Data’ Click on the option.
Fill the form: Your personal information in the application form and New Address Fill carefully.
Upload Documents: Scan and upload the required documents as proof of address.
fee payment: Pay the prescribed government fee for address update (usually between ₹100 to ₹110) online.
Get Receipt: After the application is submitted you will receive a Acknowledgment Number You will get it, through which you can track the status of your application.
What documents will be required?
You can provide any one of these documents as address proof:
Aadhar card
voter id card
Passport
driving license
electricity or water bill (not older than 3 months)
Bank statement or credit card statement
How much time does it take?
Once the application process is completed and successful verification of documents, usually 10 to 15 working days Within 24 hours your address gets updated in the system. The new PAN card is sent through post to the new address given by you.
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