WHAT IS PAN? (Permanent Account Number)

PAN

PAN or Permanent Account Number, is a unique 10-digit Alphanumeric Identity by the Income Tax Department under the supervisor of the[C.B.D.T] Central Board of Direct Taxes  to control the Taxes of India.

It also serves as an identity proof of Assessee.[यह भी निर्धारिती के एक पहचान सबूत के रूप में कार्य करता है]

PAN is mandatory of Financial Transaction such as receiving taxable Salary or Professional fees, Sale or Purchase of Asset above specified limits , buy Mutual Funds. It is also mandatory at the Bank Account etc.

FORMATE OF PAN

1. NAME OF APPLICANT
2. FATHER NAME
3. DATE OF BIRTH
4. PAN NUMBER
5. SIGN
6. PHOTO

STRUCTURE OF PAN

Why Get a Pan Number

1. For Payment of Direct Taxes
2. To File Income Tax Returns
3. To avoid Deduction of Tax at higher rate

1. To enter into Specific Transaction such as:
2. Sale or purchase of Immovable Property Valued at Rs 5 lakh or more.
3. Sale or purchase of a vehicle other than  a two wheeler.
4. Payment to Hostels or Restaurant an amount exceeding Rs 25,000 at any one time.
5. Payment in cash an amount exceeding Rs 25,000 in connection with any travel to any foreign country.
6. Payment of an amount of Rs 50,000 or more to a company or an institution for acquiring bonds or debentures.
7. Payment of an amount Rs 50,000 or more to the Reserve Bank of India for acquiring bonds.
8. Payment of an amount of Rs 50,000 or more to a company for acquiring shares.

Where can I apply for PAN card?

Online application can be made either through the portal of NSDL ( https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html)

Online application can be made either through the portal of UTITSL (https://www.pan.utiitsl.com/PAN/mainform.html;jsessionid=757498B58866F48E5A4E422E3A854BA1).

What is Form 49A for PAN card?

Form 49A is the application form for the allotment of Permanent Account Number for Indian residents & 49AA is meant for foreign citizens, according to Income Tax Department . An application to obtain a PAN card can be made in an online or offline mode.(T&C apply)

Documents Required for PAN Card Application

According to the “INCOME TAX DEPARTMENT“[C.B.D.T] the following document are required.

1. Documents accepted as Proof of Identity –

Copy of:

1. Voter’s ID card
2. Passport
3. Aadhaar card
4. Ration card having Applicant’s photo
5. Driving License
6. Photo ID card which are issued by central government, state government or any undertaking of public sector​
7. A certificate issued by a bank that should be duly attested, containing applicant’s photo and the bank a/c number
8. Arm’s license
9. Central government health scheme card
10. Pensioner card copy with applicant’s photograph

Original of:

• A certificate of identity in prescribed format signed by a Member of Legislative Assembly, Member of Parliament, Municipal Councilor or a Gazetted Officer
• Bank statement on letter head from the bank branch along with name and stamp of the issuing officer and containing duly attested photograph and bank account number of the applicant

Additional Notes:

(i) In case of a minor applicant, parents’/guardian’s proof of identity shall be deemed to be the proof of identity and address for the minor applicant.

(ii) In case of HUFs, an affidavit by the Karta of the HUF stating the name, father’s name and address of all the coparceners on the date of application will work as a proof of identity.

2. Documents accepted as proof of Address –

Copy of:

1. Electricity Bills
2. Landline connection Bills
3. Bills for Broadband connection
4. Voter ID card containing photograph
5. Aadhaar card
6. Passport
7. Passport of spouse
8. Statements of Bank Account
9. Statements of credit card
10. Passbook of Post office account containing applicant’s address
11. Latest order for property tax assessment
12. Domicile certificate allotted by government
13. Driving license
14. Allotment letter of accommodation issued by Central or State Government of not more than three years old
15. Property Registration Documents

Note -Credit card statements should be recent, preferably not more than three months old.

3. Documents accepted as Proof of Date of Birth – 

Copy of:

1. Birth certificate issued by any office that is certified for issuing Birth as well as Death Certificate, like Municipal Authority
2. Birth Certificate issued by Indian Consulate
3. Matriculation certificate from a recognized board
4. Aadhaar Card
5. Driving license
6. Passport
7. Certificate of Marriage issued from Marriage Registrar’s Office
8. Pension payment order
9. Domicile certificate issued by Government of India or any of the state governments
10. Affidavit stating the DOB which is signed before a magistrate
11. Photo identity card issued by the Central Government or State Government or Central Public Sector Undertaking or State Public Sector Undertaking.

Documents Required for PAN Card Application

Not being a Citizens of India

1. Documents accepted as Proof of Identity

Copy of:

1. Passport
2. OCI card that is allotted by Government of India
3. PIO card allotted by the Government of India
4. Other Citizenship ID Number, National ID Number, Taxpayer ID Number (any of these) –have to be properly attested either by the ‘Apostille’ or by any of the Indian Embassy/ High Commission/ Consulate functioning in the applicant’s home country

2. Documents accepted as Proof of Address

Copy of:

• PIO card allotted by the Government of India
• OCI card that is allotted by the Government of India
• Non-resident external bank account statements in India
• Bank account statements from the country where the applicant resides
• Registration certificate issued by Office of Foreigner’s Registration and reflects Indian address.
• Passport

For Others Then Individual & Huf