PAN Application Process Quiz

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Questions and Answers

What is the validity of an electronically issued and digitally signed ePAN?

It is valid only if physically signed later.
It is not considered a valid PAN.
It is a valid mode of issue for PAN. (correct)
It requires annual renewal for validity.

Which section of the Income Tax Act, 1961 relates to the issuance of PAN?

Section 140
Section 139A (correct)
Section 118
Section 126

What is the relevance of the date 14/07/2006 in the context provided?

It is the issue date of the electronic PAN.
It marks the amendment date in legislation.
It is the birth date of the applicant. (correct)
It signifies the last renewal date for the PAN.

What must be done for the ePAN card to be considered valid?

<p>It needs to be physically signed. (C)</p> Signup and view all the answers

What change was made regarding the issuance of PAN by recent amendments?

<p>Electronic issuance is now considered valid. (D)</p> Signup and view all the answers

Study Notes

PAN and Digital Signatures

JLHPM8791P is the Permanent Account Number (PAN) assigned to Krushna Chandra Majhi.
The individual's father is Dhaneswar Majhi, and the birthdate recorded is 14/07/2006.
The PAN application has been digitally signed, indicating modern digital processes in PAN issuance.

Validity of ePAN

The electronically issued and digitally signed ePAN is recognized as a valid form of PAN.
Recent amendments to the Income Tax Act, specifically to Section 139A, support the legality of digital PAN issuance.
Compliance is reinforced by sub-rule (6) of Rule 114 of the Income Tax Rules.

Important Notes

A physical signature is required for the PAN card to hold validity; without it, the ePAN is not fully operational.
Staying informed about updates in tax regulations is crucial for understanding PAN usage and its implications.

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Description

Test your knowledge about the PAN application process and requirements. This quiz covers essential details regarding PAN card digital signatures and validation. Ideal for those looking to understand the intricacies involved in applying for a PAN card.