Pan card kaise banwayen? What is PAN card and how it works?

 What is a PAN card? 

 'PAN', Personal Identification Number, for paying taxes, opening a bank account, doing business, etc. using for. It contains information about the PAN number and the identity of the cardholder. The PAN card contains the individual's tax and investment information. That's why it's important to know your PAN number. Know all the important information about this card. Who can apply for PAN card? Anyone, child, student can apply for PAN card online. PAN card is not only given to individuals, companies and cooperatives can also get PAN cards, organizations must have a PAN number for tax purposes. 

 How can I apply for a PAN card? 

 PAN Card Online Application Process (Pan Card Online Application) How to Register Offline PAN Card and PAN Card - Visit NSDL and UTIITSL website for PAN Card application New Option in PAN Click on Section Form 49A Indians Fill in your information in the form that can be filled by , NRE/NRI and OCI (National Citizens of Indian Origin). 

The applicant must pay Section after Submission of Section form to initiate the process. This verification will be done by NSDL and then the PAN card will be sent to the address on the form within 15 days. Offline PAN Card Application Process (Offline Application PAN Card) How to make Offline PAN Card Application and PAN Registration - Download PAN CARD 4 from NSDL or Utilise website or get this form from Utilise representative Fill and add form text required information (ID, address and photo) Submit Form to NSDL with processing fee. 

The PAN card will be sent to the address specified on Form PAN Form within 15 days. You can apply for a PAN card by completing Form 49A or Form 49AA. Indian nationals or companies must complete Form 49A and foreign nationals must complete Form 49AA. Children and students can apply for a PAN card by completing Form 49A. Both of these documents are available online and offline. Two forms are required to be filled with the following information - Evaluation Officer Code (AO Code), Name, Address, Date of Birth, Mobile Number and Email ID, Aadhaar Number etc. 

 The applicant must then sign the form and submit it to the TIN-NSDL office along with copies of the documents. Documents required for PAN card In order to obtain a PAN card, an online/offline application form (Form 49A or Form 49AA) must be submitted along with the documents to complete the verification process. The required information depends on the applicant. Below is a list of these documents - 1. Personal ID ID can be one of the following: State ID - Aadhaar Card, DL, Voter ID and other Gun Permit Retirement Card Applicant photo 444 from central government, state government Center government health plan card or Veteran health card photo Original bank certificate issued by the bank branch of the central bank and certified by the issuing agency. This proof must include the applicant's photo ID and proof of address with bank account number .

Which can be any of these documents: Electricity, landline or broadband connection bill

•  postpaid mobile phone bill
•  water bill
•  LPG or Piped Gas Connection Bill or Gas Connection Book
•  bank passbook
•  post office account passbook
•  Passport
•  voter ID card
•  driving license
•  property registration document
•  Domicile Certificate issued by Government of India
•  Aadhar card

 Original Certificate from the Institute/Company provided that the Institute/Company is a reputed Public or Private Corporation

 Birth certificate,

 Which can be any of these documents: Birth certificate which is issued by the municipality or any authorized authority

•  matriculation certificate
•  pension payment order
•  Passport
•  Marriage certificate issued by Registrar of Marriage
•  driving license
•  Domicile Certificate issued by the Government of India

 Affidavit made before a Magistrate stating the date of birth of the applicant

 ,  Documents for Hindu Undivided Family (HUF)

 An affidavit issued by the karta of the HUF containing the name, address and father's name of each coparcener as on the date on which the application is made

 Identity proof, address proof and date of birth certificate in case of amalgamation of HUF

 3. For Register Company in India

 Copy of the Registration Certificate issued by the Registrar of Companies

 4. For Firms and Partnership Companies incorporated or registered in India

 Copy of Registration Certificate issued by the Registrar of Limited Liability Partnership or Firms

 Copy of partnership deed

 5. For a trust formed or registered in India

 Copy of the registration number certificate issued by the Charity Commissioner or copy of the trust deed

 6. For association of persons

 Copy of Registration Number Certificate / Certificate from the Registrar of Co-operative Societies or Charity Commissioner or other competent authority or any document issued by the Central / State Government containing the identity and address of the applicant

 7. For those who are not Indian citizens

 identity proof

 Can be any one of the following: Copy of passport

 Copy of PIO card issued by Government of India

 Copy of OCI card issued by Government of India

 Copy of other national or citizenship identification number or Indian Embassy, High Commission or where

 TIN issued by the applicant is based

 Copy of the bank statement of the country of residence

 NRI Bank Account Passbook in India

 Copy of Resident Certificate or Residential Permit

 Copy of Registration Certificate issued by FRO

 Copy of visa and appointment letter received from any Indian company

 How to apply for duplicate PAN card if original PAN card is lost?

 If you have lost your original PAN card then you can apply for duplicate PAN card both online and offline.  Both TIN-NSDL and Itself allow online application and payment for duplicate PAN card.  Its procedure is as follows:

 Visit the website of TIN-NSDL and Itself and apply for duplicate PAN card

 Fill Indian Citizen Form 49A and Foreigner Form 49AA

 Pay online or by Demand Draft

 Take a print out of this form and submit it to Income Tax PAN Service Unit, NSDL e-Governance, Infrastructure Limited, 5th Floor, Mantri Sterling, Plot No. 341, Survey No. 997/8, Model Colony, Near Deep Bungalow Chowk, Pune – 411  016

 You will get pan card in 45 days

Types of PAN Card

 Since PAN card is available for individuals and companies, there are different forms for applying for a PAN card. Following are the details of PAN card and its application form:

 pan card for individuals

 This is the most common PAN card issued to individuals. Application for this can be made through Form 49 available online on the website of NSDL and UTIITSL. Any eligible Indian individual, student and minor can apply for it.

 NRIs and PIOs can avail PAN card for the purpose of taxation in India. They also have to submit Form 49A to avail this card.

 PAN Card for Foreign Entities Paying Tax in India

 Firms or corporates that are registered outside India but pay tax in India by virtue of their business operations in India can also avail PAN card. They need to fill and submit Form 49AA for the PAN card application process.

 PAN Card for OCI and NRE

 Overseas Citizen of India and Non Resident Entities can also apply for PAN Card. The relevant form that needs to be filled by them while applying for PAN card is Form 49AA.

 pan card for indian companies

 Corporate companies registered and operating in India can also apply for a PAN card for their financial and tax-related transactions.

 PAN Card Structure – PAN Card Information

 The PAN card contains very basic information that qualifies for proof of identity and age under KYC (Know Your Customer) norms. PAN card contains the following information:

 Cardholder Name: The most important information is the name of the cardholder. In the case of an individual it shall be the name of the individual, in the case of a company it shall be the name of the company and in the case of a partnership firm it shall be the name of

 

Cardholder's father's name: If the PAN card is of an individual then his/her father's name will be there in the PAN card

 Date of Birth: In case of PAN card of an individual, the date of birth of the cardholder is mentioned below the father's name. This information qualifies as proof of date of birth for the cardholder. In case of companies and partnership firms, the date of their registration is mentioned

 

PAN Card Number: The next and most important information is the Permanent Account Number or PAN Number. Each person/company has a different PAN number and contains different information. This number is generated on the basis of information provided by the cardholder. It is a 10 letter alphanumeric number and each letter carries some information. These characters contain the following information:

 First three letters: The first three letters are alphabetic and range from A to Z.

 Fourth character: The fourth character of the PAN number tells the category of the taxpayer. These categories are as follows:

 A – Association of Persons

 B – Body of the person

 C – Company

 F – Firm

 G – Government

 H – Hindu Undivided Family

 L – Local Authority

 J – Artificial Judicial Person

 P – Personal

 T – Association of Persons for Trust

 Fifth letter - The fifth letter is the first letter of the person's surname.

 Rest of the letters - The rest of the letters are random. The first 4 characters are numbers while the last one is an alphabet.

 Signature of the person- The last information on the PAN card is in the form of the signature of the person. As such, PAN card also serves as proof of signature of the person required for various financial transactions

 Photograph of the individual – The photograph of the cardholder is also present in the lower right hand side of the PAN card which enables the card to act as a photo identity proof of the individual. In case of companies and firms, no photograph is present on the card

 Benefits of PAN Card

 Following are the benefits of PAN card:

 

For filing taxes: Individuals and companies are required to quote their PAN number for filing taxes. If there is no PAN card, individuals and entities will have to pay tax at 30% of their income irrespective of the tax slab they fall in. Hence, PAN number is required for filing taxes. PAN card status can be checked by PAN number.

 Business Registration – It is mandatory for companies, partnership firms, Hindu Undivided Families or other entities to have a PAN number to register their businesses.

 Financial Transactions: Any person/company can do financial transactions only if he/she has a PAN card. Sale or purchase of any immovable property, the value of which does not exceed Rs.5 lakh. or more, Sale or purchase of any vehicle other than a two-wheeler, Deposit of an amount exceeding Rs.50,000 in any bank, Purchase of bonds of the value of Rs.50,000 or more, Withdrawal of funds outside India, Travel abroad 25,000 if such expenditure exceeds Rs. 50,000 and above, buying mutual fund schemes, buying insurance policies or shares worth Rs.50,000 and above, etc.

 For availing utility connections – In many instances when utilities like post-paid mobile phone connection, LPG connection, electricity connection, internet connection etc. are required, PAN card comes in handy. However, it is always advisable that you use alternative ID proofs like DL, Voter ID card, etc. if possible.

 For opening bank account: These days PAN card has become a mandatory document for opening bank account under KYC (Know Your Customer) rule.

 PAN Card Tracking / PAN Card Inquiry / Know PAN Card Online Status

 know pan status

 After applying for PAN card online, its status can be known. PAN card application status can be tracked where the PAN status shows whether the card has been issued or not, or if it is currently under process or not. Applicant can check pan card status or UTI pan card status/NSDL pan card status on their website. UTI PAN Card Status UTIITSL and NSDL PAN Card Status can be found on the website of NSDL.  

 change pan card

 Existing PAN card holders can make changes to their existing PAN card information while at the same time retaining the PAN number. Any information of PAN card can be changed under its process. For this, the PAN card update or correction form has to be submitted to the concerned authority.

 duplicate pan card

 In case of loss of the original PAN card, the cardholder can apply for a duplicate PAN card by submitting the form and application fee.

 What happens if you do not have a PAN card?

  There are many reasons why you should have a PAN card:

 50,000 without PAN card. Can't do financial transactions above

 PAN card is mandatory for buying and selling property or land.

 Can't pay tax without pan card

 Your credit card/loan application will be rejected in the absence of PAN number

 Related Questions (PAN Card FAQs)

 Question. How can I apply for PAN Card?

 Answer: You can apply for PAN card both offline and online. You can apply for TIN by visiting NSDL website or UTIITSL website. You can visit PAN center for offline application.

 Question. Where can I get the PAN application form?

 Answer: You will get the PAN application form at the PAN center. Also, you can download PAN application form Form 49A and Form 49AA from TIN NSDL website.

 Question. Do I have to pay any fee for PAN application form?

 Answer: You do not have to pay any fee for the PAN application form. However, you will have to pay a fee for the application which is Rs.107 for residents of India. 1017 and Rs. For people living outside India.

 Q. Where is the PAN application form submitted?

 Answer: The form application form has to be sent to:

 Income Tax PAN Service Unit,

 NSDL e-Governance Infrastructure Limited,

 5th Floor, Mantri Sterling, Plot No. 341,

 Survey No. 997/8, Model Colony,

 Near Deep Bungalow Chowk, Pune – 411 016

 Question. What are the charges I have to pay when I submit Form 49A for PAN Card?

 Answer: The fee for applicants residing in India is Rs.107. 1017 and Rs. For people living outside India.

 

Question. Is it mandatory to submit 2 photographs along with the application form?

 Answer: Yes, you need to provide 2 photographs along with your PAN application form.

 Question. What is the application process for applicants who cannot sign?

 Answer: The process is the same for both applicants who can sign and those who cannot. If the applicant is not able to sign, he can put a thumb impression.

 Q. How can I change the photo on my PAN Card?

 Answer: To change photo in PAN card you have to fill PAN card correction form.

 Question. Can a minor apply for PAN card?

 Answer: Yes, minors can apply for PAN card. They can also get many facilities from PAN card.

 Question. How long does it take to get a PAN card?

 Answer: It takes 45 days to get the PAN card. This includes the days from the day you apply till the day you receive the PAN card. However, in some cases it may take longer.

 Question. Why is it important to have a PAN?

 Answer: You cannot file income tax if you do not have PAN. All those bank accounts which are not linked with PAN will soon become inactive. Also, PAN is mandatory for transactions above Rs.50,000.

 Question. How does the Income Tax Department ensure that PAN information is given for the above mentioned transactions?

 Answer: The Income Tax Department has given statutory guidelines to the entities receiving financial documents that wherever it is mandatory to quote PAN in the documents, otherwise the documents are considered incomplete.

 Question. Is father's name mandatory for female applicants (including married/divorced/widowed)?

 Answer: Female applicants have to mention their father's name in the PAN application form, whether they are unmarried, married, divorced or widowed.

 Question. Who can apply on behalf of a minor, mentally challenged and ward of the court?

 Answer: As per section 160 of the Income Tax Act, 1961, a prescribed representative can represent minors, mentally challenged and wards of the court. In such cases, the following information should be provided:

 

Information on minors, lunatics, idiosyncratic, mentally handicapped, wards of court etc.

 The information of the prescribed representative is to be provided in item 14 of the PAN application form.

 

Question. Why should I have a PAN card even if I am a foreigner?

 Answer: A person doing business in India, whether Indian or foreigner, needs to pay tax and to pay tax, it is necessary to have a PAN card. Also, PAN card has been made mandatory for buying high value property in India.

 Question. Is there any fee to be paid while submitting the form for “Request for New PAN Card or Changes or Correction in PAN”?

 Answer: Whether the application for change or correction in PAN is for a new PAN card or for an existing card, applicants residing in India have to pay a fee of Rs 107, while those residing outside India have to pay a fee of Rs 1017. charges are applicable.