PAN verification online permitted when intermediaries accept alternate proof of identity, easing investor onboarding and compliance. Intermediaries may verify investors' PAN electronically at the Income Tax website without requiring the original PAN card, provided the investor presents an alternative document serving as Proof of Identity; this operational flexibility applies to exchanges, brokers, depository participants, mutual funds, KRAs, AIFs and CIS and is issued under Section 11(1) to promote investor protection and regulatory compliance.