Permanant Account Number (PAN)

Permanent Account Number (PAN) is a ten-digit alphanumeric number issued by the income tax departmentof Government of India to both individuals and businessesin the form of a laminated card. A typical PAN is AABPS1205E.

Hassle Free Permanent Account Number

For All the person

A PAN number is required for filing all income tax returns. We procure PAN card for both individuals and the companies incorporated by us.

Mandatory to Quote PAN

It is mandatory to quote PAN on all correspondence with the income tax authority like return of income, on challans for any payments, moreover it is also compulsory to quote PAN in all documents pertaining to the following financial transactions:-

  • Sale or purchase of motor vehicle or vehicle, [the sale or purchase of a motor vehicle or vehicle does not include two wheeled vehicles, inclusive of any detachable
  • side-car having an extra wheel, attached to the motor vehicle.
  • Sale or purchase of any immovable property valued 5 lakhs rupees or more.
  • A time deposit amounting to more than fifty thousand rupees, with a banking company or Opening a bank account.
  • A deposit in any account with Post Office Savings Bank, exceeding fifty thousand rupees.
  • A contract for sale or purchase of securities of a value exceeding one lakh rupees.
  • Making an application for installation of a telephone connection (including a Cellular telephone connection).
  • Payment greater than twenty five thousand rupees to hotels and restaurants against their bills at any one time.
  • Payment during any one day in cash for purchase of bank drafts or pay orders or bankers cheques for an amount aggregating fifty thousand rupees or more.
  • Cash payment exceeding twenty five thousand rupees in relation to travel to any foreign country at any one time.

PROCESS FOR APPLICATION OF PAN CARD: Generally, Pan Card/Number may be obtained by applying in the prescribed form 49A, but there are different forms prescribed for PAN Card as below:-

Purpose of Form Form Number
1. New PAN Card Application for Indians 49A
2. New PAN Card for Foreigners 49AA
3. Change in PAN Card 49AE

Documents Required For Pan Application:

While applying for PAN card, the applicant should provide:-

  • a) Proof of Identity (POI) &
  • b) Proof of Address (POA).

In case of a major, these documents must in his/her own name, whilst in the case of a minor, these documents may be in the name of the concerned Representative Assessee (RA) who is one of the minor’s parents in most of the cases.

Proof of Identity Proof of Address

Copy of any one of the following will serve as a proof of identity:-

  • School leaving / matriculation certificate
  • Degree of recognized educational institution
  • Depository account statement/bank account statement
  • Valid Credit card
  • Water bill/ration card/passport/voter’s identity card/driving license
  • Property tax assessment order
  • Certificate of identity signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazette Officer.

Copy of any one of the following will serve as a proof of address:-

  • Electricity bill/telephone bill
  • Depository account statement/bank account statement/credit card statement
  • Rent receipt
  • Certificate from the employer
  • Ration card/voter’s identity card/passport/driving license
  • Property tax assessment order
  • Certificate of address signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazette Officer.

Note:-

  • Proof of address more than six months old from the date of application will not be accepted.
  • Mentioning own residential address on PAN application & to submit it’s valid proof is mandatory for individuals and HUF.

Documents Required For Citizen of India Located Outside India For PAN Application

Proof of Identity Proof of Address

Copy of any one of the following will serve as a proof of identity:-

  • Copy of Passport will serve as a proof of identity

Copy of any one of the following will serve as a proof of address:-

  • NRE bank account statement.
  • Bank account statement in country of residence.
  • Passport

Documents Required For Foreign Citizen Located Outside India For PAN Application

Proof of Identity Proof of Address

Copy of any one of the following will serve as a proof of identity:-

  • Copy of Person of Indian Origin (PIO) card or passport issued by Government of Indiawill serve as a proof of identity:-

Copy of any one of the following will serve as a proof of address:-

  • Passport/POI card issued by Indian govt.
  • Bank account statement in India/NRE bank account statement
  • Other National ID attested by Indian Embassy/Consulate/High Commission/Apostille.
  • Visa application to Indian authorities & Visa granted &appointment letter/contract from Indian Company & Certificate (in original) of address in India of applicant issued by authorized signatory of employer on employer's letter head mentioning the PAN of the employer & copy of PAN card for the PAN mentioned in the employer's certificate. Registration certificate issued by the Foreigner's Registration Officer
  • Residential permit issued by the State Police Authorities.

Documents Required For Foreign Citizen Located Outside India For PAN Application

Proof of Identity Proof of Address

Copy of any one of the following will serve as a proof of identity:-

  • Other Nationality ID attested by Indian Embassy/Consulate/High Commission/Apostils Person of Indian Origin (PIO) card issued by Government of India.
  • passport

Copy of any one of the following will serve as a proof of address:-

  • Passport/POI card issued by govt. of India/NRE bank account statement
  • Bank account statement in country of residence, duly attested by Indian Embassy/High Commission / Consulate / Apostille in the country where applicant is located
  • Other National ID attested by Indian Embassy/Consulate/High Commission/Apostille.

Note:-

  • Showing at least two customers induced transactions in last six months period and duly attested by Indian Embassy / Consular office / High commission or Apostille or by the manager of the bank in which the account is held. The applicant may be a joint holder.For Categories other than Individualsi.e. Firm, BOI, HUF, AOP, AOP(Trust), Local Authority, Company, Artificial Juridical Person

Having Office Of Their Own In India-Proof Of Identity & Address

Company Copy of Certificate of Registration issued by Registrar of Companies.
HUF Any documents prescribed in case of individuals in respect of Karta of the HUF.
AOP(TRUSTS) Copy of trust deed or Copy of Certificate of Registration issue by Charity Commissioner.
Firms Copy of Certificate of Registration issued by Registrar of firms or Copy of Partnership deed.
AOP/BOI/Local Authority/Artificial juridical Person Copy of agreement or Copy of Certificate of Registration issued by Charity Commissioner or Registrar of co-operative society or any other competent authority or any other document originating from any central or state government department establishing identity & address of such person.

Having No Office of Their Own in India

HUF/Company /Firms /AOP(Trusts) / AOP/BOI/Local Authority/Artificial Juridical Person

Proof of Identity and Address :- Copy of any of the following

  • Copy of approval issued by the competent authority in India. Copy of certificate of registration with the competent authority in India.
  • Copy of registration certificate of the respective country duly attested by Indian Embassy/ Consulate/ High Commission/Apostils in the country where applicant is located.
  • Copy of the application (duly acknowledged) made by the applicant before the competent authority in India.
  • Copy of the accompanying documents along with the approval issued by competent authority in India.
HUF Any documents prescribed in case of individuals in respect of Karta of the HUF.
AOP(TRUSTS) Copy of trust deed or Copy of Certificate of Registration issue by Charity Commissioner.
Firms Copy of Certificate of Registration issued by Registrar of firms or Copy of Partnership deed.
AOP/BOI/Local Authority/Artificial juridical Person Copy of agreement or Copy of Certificate of Registration issued by Charity Commissioner or Registrar of co-operative society or any other competent authority or any other document originating from any central or state government department establishing identity & address of such person.

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Frequently Asked Questions (Faq)

  • Are there any benefits of obtaining a Permanent Account Number [PAN] and PAN Card?

    A PAN number is mandatory for numerous financial transactions such as opening of bank accounts, availing institutional financial credits, dealing in securities, purchase of high-end consumer item, foreign travel, transaction of immovable properties, etc. Furthermore, it is also required for any transaction with the income tax department. A PAN card also facilitates photo identification which is accepted by all government and non-government institutions in India.

  • I have lost my PAN card but remember my number. Will I face any problems without my card?

    Transacting with the income tax department is not a problem, but since PAN card acts as a means of photo identification, you could face problems while dealing with some other organizations.

  • I have been allotted two PANs. Which number should I use?

    You may retain any one of the numbers and surrender the other through a letter addressed to your jurisdictional Assessing Officer. Minimum capital of Rs. one lakh (it can be used for business whenever required and does not necessarily have to be kept in bank/company deposit all the time).

  • Is it illegal that I have been issued two PANs & I do not surrender one of them?

    Yes. It is illegal to have two PANs and the penalty for such offence is Rs.10, 000/-

  • By mistake I have been using different PANs for different purpose like one for my DMAT account and another for filing my Income Tax return and payment of taxes. How do I set this right? Or is using single PAN preferred or multiple PANs?

    It is preferred to use a single PAN instead of multiple PANs. So, in the above case, you should continue using the PAN submitted with income tax department & inform the institutions about this PAN where you have used other PANs.

  • Is it mandatory to file return of income after getting PAN?

    Filing a return of income becomes mandatory only when the assessee has a taxable income. Having PAN does not mandate a person to file return of income when he/she does not have taxable income.

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