{"id":8193,"date":"2020-09-06T17:44:05","date_gmt":"2020-09-06T12:14:05","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=8193"},"modified":"2025-03-20T01:50:34","modified_gmt":"2025-03-19T20:20:34","slug":"basic-of-permanent-account-number-pan","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/","title":{"rendered":"All about the Permanent Account Number (PAN)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d8b48f323f8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d8b48f323f8\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#Historical_Background_of_Permanent_Account_Number_PAN\" title=\"Historical Background of Permanent Account Number (PAN)?\">Historical Background of Permanent Account Number (PAN)?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#It_was_a_manual_operating_system_specific_to_the_person_assessing_officer_group_which_eventually_led_to_errorsmiscalculations\" title=\"It was a manual operating system, specific to the person assessing officer group, which eventually led to errors\/miscalculations.\">It was a manual operating system, specific to the person assessing officer group, which eventually led to errors\/miscalculations.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#INTRODUCTION_OF_PERMANENT_ACCOUNT_NUMBERPAN\" title=\"INTRODUCTION OF PERMANENT ACCOUNT NUMBER(PAN)\">INTRODUCTION OF PERMANENT ACCOUNT NUMBER(PAN)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#PAN_CHARACTERS\" title=\"PAN CHARACTERS\">PAN CHARACTERS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#The_reason_behind_having_a_PAN_card\" title=\"The reason behind having a PAN card?\">The reason behind having a PAN card?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#Need_of_PAN_Card_and_its_benefits\" title=\"Need of PAN Card and its benefits:\">Need of PAN Card and its benefits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#WHO_CAN_OBTAIN_THE_PERMANENT_ACCOUNT_NUMBER\" title=\"WHO CAN OBTAIN THE PERMANENT ACCOUNT NUMBER?\">WHO CAN OBTAIN THE PERMANENT ACCOUNT NUMBER?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#Different_Types_Of_PAN_Card\" title=\"Different Types Of PAN Card\u00a0\">Different Types Of PAN Card\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#VARIOUS_TYPES_OF_FORMS\" title=\"VARIOUS TYPES OF FORMS :\">VARIOUS TYPES OF FORMS :<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#Essential_Document_Needed_while_applying_for_Permanent_Account_Number_Pan\" title=\"Essential Document Needed while applying for Permanent Account Number (Pan)\">Essential Document Needed while applying for Permanent Account Number (Pan)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#PROCESS_FOR_ACQUIRE_PERMANENT_ACCOUNT_NUMBER_CARDwwwcarajputcom_PAN_Online\" title=\"PROCESS FOR ACQUIRE PERMANENT ACCOUNT NUMBER CARDwww.carajput.com; PAN Online\">PROCESS FOR ACQUIRE PERMANENT ACCOUNT NUMBER CARDwww.carajput.com; PAN Online<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#OFFLINE_PROCESS_OF_PAN_APPLICATION\" title=\"OFFLINE PROCESS OF PAN APPLICATION\u00a0\">OFFLINE PROCESS OF PAN APPLICATION\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#ONLINE_PROCESS\" title=\"ONLINE PROCESS\">ONLINE PROCESS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#Import_Things_to_considered\" title=\"Import Things to considered\u00a0\">Import Things to considered\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#The_penalty_of_Rs_10K_for_not_linking_Pan_with_Aadhar\" title=\"The penalty of Rs. 10K for not linking Pan with Aadhar\">The penalty of Rs. 10K for not linking Pan with Aadhar<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#What_is_the_process_of_applying_instant_free_pan_through_adhaar_e-KYC\" title=\"What is the process of applying instant free pan through adhaar e-KYC\">What is the process of applying instant free pan through adhaar e-KYC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/carajput.com\/blog\/basic-of-permanent-account-number-pan\/#Basic_of_aadhar_card_significance_process_aadhaar_linking_with_PAN\" title=\"Basic of aadhar card significance process aadhaar linking with PAN\">Basic of aadhar card significance process aadhaar linking with PAN<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><a style=\"font-size: 16px;\" href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Basic-of-Permanent-Account-Number-PAN-1-1024x576-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8308\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Basic-of-Permanent-Account-Number-PAN-1-1024x576-1-1024x576.jpg\" alt=\"www.carajput.com;PAN\" width=\"845\" height=\"476\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Basic-of-Permanent-Account-Number-PAN-1-1024x576-1.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Basic-of-Permanent-Account-Number-PAN-1-1024x576-1-300x169.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Basic-of-Permanent-Account-Number-PAN-1-1024x576-1-768x432.jpg 768w\" sizes=\"(max-width: 845px) 100vw, 845px\" \/><\/a><\/h2>\n<p><span style=\"color: #ffffff;\">www.carajput.com; PAN<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Historical_Background_of_Permanent_Account_Number_PAN\"><\/span><span style=\"color: #000080;\"><strong>Historical Background of Permanent Account Number (PAN)?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Know about your PAN card:\u00a0<\/strong><\/p>\n<ul>\n<li><em><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/carajput.com\/blog\/how-to-process-of-linking-aadhaar-to-universal-account-number\/\">PAN stands for Permanent Account Number<\/a><\/span><\/strong>. It is an alphanumeric 10-digit character number allocated to the PAN Cardholder in the form of government-issued identification. <\/em><\/li>\n<li><em><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/carajput.com\/blog\/how-to-process-of-linking-aadhaar-to-universal-account-number\/\"> Permanent Account Number<\/a><\/span><\/strong> helps to identify the taxpayer&#8217;s income or the PAN cardholder. PAN card required in the case of your salary is subject to taxable slabs, taxable professional fees, for opening a bank account, or for selling or purchasing assets. <\/em><\/li>\n<li><em>A taxpayer had to be classified using the General Index Registration No. (GIR No) prior to the launch of the PAN in 1972.<\/em><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"It_was_a_manual_operating_system_specific_to_the_person_assessing_officer_group_which_eventually_led_to_errorsmiscalculations\"><\/span><em>It was a manual operating system, specific to the person assessing officer group, which eventually led to errors\/miscalculations.<\/em><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>It was unique only to the non-national circle level.<\/li>\n<li>the concept of <a href=\"https:\/\/carajput.com\/services\/permanent-account-number-pan.php\">PAN<\/a> (based on old series i.e. GIR No. series) came up in 1972 with the government of India. This, too, lacked individuality nationally.<\/li>\n<li>Initially, PAN Card allotment was rendered manually, and each ward\/circle was supplied with a certain collection of numbers to prevent duplication.<\/li>\n<li>There were a number of reasons why GIR No. &amp; PAN (olds) were not successful.<\/li>\n<li>No database to verify PAN Allotment Multiplicity.<\/li>\n<li>Neither centralized authority<\/li>\n<li>NON -Permanent Taxpayer number<\/li>\n<li>Non-structured database, with few parameters restricted.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"INTRODUCTION_OF_PERMANENT_ACCOUNT_NUMBERPAN\"><\/span><span style=\"color: #000080;\"><strong>INTRODUCTION OF <a style=\"color: #000080;\" href=\"https:\/\/www.caindelhiindia.com\/blog\/govt-extends-the-deadline-for-tax-compliance-to-file-a-return-and-other-records-by-30-june\/\">PERMANENT ACCOUNT NUMBER(PAN)<\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #ffffff;\">www.carajput.com; PAN<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/services\/permanent-account-number-pan.php\">Permanent Account Number (PAN)<\/a> &#8220;is a 10 digit alphanumeric number provided under section 139A of the Income Tax Act, 1961 by the Income Tax Department (ITD).<\/li>\n<li>It is a unique Id number that includes a track record of all an individual&#8217;s income-related aspects.<\/li>\n<li>Now we will discuss in detail the character of 10 Digit of PAN card;<\/li>\n<\/ul>\n<p><span style=\"color: #ffffff;\">www.carajput.com; PAN<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"PAN_CHARACTERS\"><\/span><span style=\"color: #0000ff;\">PAN CHARACTERS<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\"><strong>1<sup>st<\/sup>-5<sup>th<\/sup> characters<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>First 3 characters: Alphabetic series from AAA to ZZZ<\/li>\n<li>4th character: Represents Status of PAN card holder<\/li>\n<li><strong>&#8220;A&#8221;-<\/strong>stands for Association of Persons (AOP)<\/li>\n<li><strong>&#8220;B&#8221;-<\/strong>stands for Body of Individuals (BOI)<\/li>\n<li><strong>&#8220;C&#8221;-<\/strong>stands for Company<\/li>\n<li><strong>&#8220;F&#8221;-<\/strong>stands for Firm\/ Limited Liability Partnership<\/li>\n<li><strong>G&#8221;-<\/strong>stands for Government Agency<\/li>\n<li><strong>&#8220;H&#8221;-<\/strong>stands for Hindu Undivided Family (HUF)<\/li>\n<li><strong>&#8220;J&#8221;-<\/strong>stands for Artificial Juridical Person<\/li>\n<li><strong>&#8220;L&#8221;-<\/strong>stands for Local Authority<\/li>\n<li><strong>&#8220;P&#8221;-<\/strong>Individual<\/li>\n<li><strong>&#8220;T&#8221;-<\/strong>stands for Trust<\/li>\n<\/ul>\n<\/li>\n<li>5th character: Represents first letter of PAN holder\u2019s last name i.e. surname<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 80px;\">other than the Individual representing the 1<sup>st<\/sup> letter of the name of Permanent Account Number Card Holder.<\/p>\n<p style=\"padding-left: 40px;\"><strong>6<sup>th<\/sup>&#8211; 9<sup>th<\/sup>\u00a0 Characters<\/strong><\/p>\n<p style=\"padding-left: 80px;\">Representing the Number series of sequence from 0001 to 9999<\/p>\n<p style=\"padding-left: 40px;\"><strong>10<sup>th<\/sup> Character<\/strong><\/p>\n<p style=\"padding-left: 80px;\">Representing Alphabetic Check digit<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_reason_behind_having_a_PAN_card\"><\/span><span style=\"color: #000080;\"><strong>The reason behind having a PAN card?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>India is nationally recognized as both a populated and highly diversified country around the world. India has various castes, ideologies, religions and cultures, and other dimensions of society.<\/li>\n<li>To run an effective government in such a diversified country, every citizen of India needs to contribute a certain amount of money in the form of tax from his or her source of income.<\/li>\n<li>It will help the government-run the country smoothly and pledge the country&#8217;s proper law and order. Taking all these considerations in mind, the Government of India implemented the PAN idea in 1972.<\/li>\n<li>Under section 139 A of the Indian Tax Act 1961, the PAN is made a compulsory document and It is necessary for filing income tax returns.<\/li>\n<li>There is no need to face any more complicated problems surrounding the preservation of records as in the past. Earlier, losing every document placed a huge burden on individuals.<\/li>\n<li>But due to the digitalization, the Department of Income Tax can easily provide all important details related to the PAN card to a person and can also provide you with a duplicate copy of the PAN card if you have lost your PAN card.<\/li>\n<li>The PAN Card is the same as the Social Security member or SSN used in US. The aim of SSN is to monitor citizens for purposes of social security. For taxation procedures, it becomes a primary identification number.<\/li>\n<\/ul>\n<p>More read:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Need_of_PAN_Card_and_its_benefits\"><\/span><span style=\"color: #0000ff;\"><strong>Need of PAN Card and its benefits:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>You would\u00a0need a PAN card to file IT returns. This is the primary reason why everyone is applying for a PAN card.<\/li>\n<li>When you plan to apply for a loan, a PAN card is necessary. To get a loan application accepted, every bank and other institution that lends loans require PAN card information.\u00a0\u00a0Not only these but also educational and personal loans also require PAN cards for verification.<\/li>\n<li>By use PAN we can easily open a current bank account or savings account if you have a PAN card. Whether it\u2019s a cooperative bank, a public sector bank, or a private sector bank, it doesn&#8217;t matter.<\/li>\n<li>If you deposit cash in excess of 50k at a time, it is mandatory to provide PAN card information in accordance with RBI regulations.<\/li>\n<li>We can plan to invest over than 50k in a bank in the form of fixed deposits (FD), you also need to provide PAN Card details.<\/li>\n<li>It is quite important as TDS is deducted by the bank on interest earned by Fixed Deposits (FD).<\/li>\n<li>The situation, when you&#8217;d like to buy mutual funds, debentures or bonds for transactions in excess of Rs 50,000, then a PAN card, is also an important document.<\/li>\n<li>Bank institutions, money exchange offices, and PAN card details are also required for currency conversion.<\/li>\n<li>At the time of applying for a credit card or debit card, a PAN card must be issued with information.<\/li>\n<li>PAN Card details are required for the valuation of all vehicles over 500000 at the time of purchase or sale.<\/li>\n<li>The PAN card has also acted as proof of identification so that it can be used when applying for other proof of government identity.<\/li>\n<li>If you have purchased more than 5,00,000 worth of jewelry, then you must also provide the PAN details.<\/li>\n<li>In order to make an insurance payment that exceeds Rs 50,000 a year, there is also a need to provide PAN card details for that.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"WHO_CAN_OBTAIN_THE_PERMANENT_ACCOUNT_NUMBER\"><\/span><span style=\"color: #000080;\"><strong>WHO CAN OBTAIN THE PERMANENT ACCOUNT NUMBER?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure id=\"attachment_8309\" aria-describedby=\"caption-attachment-8309\" style=\"width: 999px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Basic-of-Permanent-Account-Number-PAN-1024x576-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8309\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Basic-of-Permanent-Account-Number-PAN-1024x576-1-1024x576.jpg\" alt=\"www.carajput.com;PAN\" width=\"999\" height=\"563\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Basic-of-Permanent-Account-Number-PAN-1024x576-1.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Basic-of-Permanent-Account-Number-PAN-1024x576-1-300x169.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Basic-of-Permanent-Account-Number-PAN-1024x576-1-768x432.jpg 768w\" sizes=\"(max-width: 999px) 100vw, 999px\" \/><\/a><figcaption id=\"caption-attachment-8309\" class=\"wp-caption-text\"><span style=\"color: #ffffff;\">www.carajput.com; PAN<\/span><\/figcaption><\/figure>\n<ul>\n<li>A person whose total income exceeds the chargeable limit in the assessment year.<\/li>\n<li>Trust \/ charitable institution that is required to file income from property held under its name. (Section 139-4A of IT\u00a0Act 1961).<\/li>\n<li>Business\/profession the total sales\/income \/ gross receipts of which exceed the limit.<\/li>\n<li>The financial transaction with the obligatory mention of the PAN card.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Different_Types_Of_PAN_Card\"><\/span><span style=\"color: #000080;\"><strong>Different Types Of PAN Card\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><span style=\"color: #ff9900;\"><strong>For Individuals:<\/strong><\/span>\n<ul>\n<li>Permanent Account Number (PAN) card for individuals is the most common type and can be applied via Form 49A that is accessible online on the websites of the Income Tax Department, NSDL and UTIITSL. Resident Indians are included in this category.<\/li>\n<li>All Indian minors and students can also eligible to apply for a PAN card.<\/li>\n<\/ul>\n<\/li>\n<li><span style=\"color: #ff9900;\"><strong>For NRIs or others Person\u00a0of Indian origin<\/strong><\/span>\n<ul>\n<li>A Permanent Account Number (PAN) card can be used for tax purposes in India by NRIs and PIOs. By applying for a PAN card via Form 49A.<\/li>\n<\/ul>\n<\/li>\n<li><span style=\"color: #ff9900;\"><strong>For foreign entities paying tax\u00a0in India\u00a0<\/strong><\/span>\n<ul>\n<li>PAN cards may also be used by firms or large corporations who are registered outside India and pay taxes in India by filling out the Form 49AA,<\/li>\n<\/ul>\n<\/li>\n<li><span style=\"color: #ff9900;\"><strong>For NRE and OCI<\/strong><\/span>\n<ul>\n<li>A <a href=\"https:\/\/carajput.com\/services\/permanent-account-number-pan.php\">Permanent Account Number (PAN)<\/a> Card in India can also be apply\u00a0by Overseas Citizens of India (OCI) and Non-Resident Entities (NRE) by filling out through Form 49AA.<\/li>\n<\/ul>\n<\/li>\n<li><span style=\"color: #ff9900;\"><strong>For Indian Companies<\/strong><\/span>\n<ul>\n<li>We may also be obtained PAN cards by companies and corporate entities that are registered and operating in India. For financial and tax-related transactions, they need to have a PAN card.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"VARIOUS_TYPES_OF_FORMS\"><\/span><span style=\"color: #000080;\"><strong>VARIOUS TYPES OF FORMS :<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #ff9900;\"><strong>Form 49A: Indian nationals\/entities formed into India<\/strong><\/span><\/p>\n<ul>\n<li>According to section 139A of the <a href=\"https:\/\/carajput.com\/income-tax-services.php\">Income Tax Act, 1961;<\/a> application form 49A is for the issuance of PAN Card to Indian citizens, an entity formed in India. It is used to add a new PAN or other previously requested changes.<\/li>\n<\/ul>\n<p><span style=\"color: #ff9900;\"><strong>Form 49AA:\u00a0 Foreign citizens<\/strong><\/span><\/p>\n<ul>\n<li>Rule 114 of the Income Tax Act, 1962, allows foreign citizens to apply for a PAN Card in India by submitting a form 49AA.<\/li>\n<li>It is filled by foreign nationals\/entities formed outside India but has considerable responsibility for taxation of their operation in India.<\/li>\n<\/ul>\n<p><strong><span style=\"color: #ff9900;\">Form 60: Individual\/person does not have a PAN Card but does join a transaction referenced to Rule 114B<\/span>.<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Essential_Document_Needed_while_applying_for_Permanent_Account_Number_Pan\"><\/span><span style=\"color: #000080;\"><strong>Essential Document Needed while applying for <a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/services\/permanent-account-number-pan.php\">Permanent Account Number (Pan)<\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_8320\" aria-describedby=\"caption-attachment-8320\" style=\"width: 907px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Documents-required-for-pan-card-300x251-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8320\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/Documents-required-for-pan-card-300x251-1.png\" alt=\"www.carajput.com;PAN\" width=\"907\" height=\"759\" \/><\/a><figcaption id=\"caption-attachment-8320\" class=\"wp-caption-text\"><span style=\"color: #ffffff;\">www.carajput.com; PAN<\/span><\/figcaption><\/figure>\n<ul>\n<li>Some papers are also required to be attached to Form 49A or Form 49AA for the PAN card or the acknowledgment form (if you apply online) \u00a0\u00a0authentication process when applying for a PAN Card.<\/li>\n<li>When individuals or other organizations apply for a PAN card, the main documentation needed for the <a href=\"https:\/\/carajput.com\/services\/permanent-account-number-pan.php\">PAN application form<\/a>.<\/li>\n<\/ul>\n<p><span style=\"color: #ff9900;\"><strong>-For Individual<\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000080;\"><strong>Proof of Identity(POI)<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Arms License<\/li>\n<li>Pension Card containing applicant photograph<\/li>\n<li>Central Government\u2019s Health Scheme Card or Ex-Servicemen\u2019s Contributory Health Scheme Photo Card<\/li>\n<li>Bank certificate which is issued on the bank\u2019s letterhead from the branch of the bank containing an attested photograph of the applicant along with the bank account number.<\/li>\n<li>Government ID \u2013 Aadhar, Driving License, Voter ID, etc.<\/li>\n<li>Photo ID card issued by Central Government, State Government, or a Public Sector Undertaking (PSU)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000080;\"><strong>Proof of Address(POA)<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Domicile certificate<\/li>\n<li>Aadhar Card<\/li>\n<li>Date of birth (DOB) proof<\/li>\n<li>Birth certificate by the Municipal Authority\/authorized authority<\/li>\n<li>Matriculation certificate<\/li>\n<li>Pension order<\/li>\n<li>Passport<\/li>\n<li>Marriage certificate<\/li>\n<li>Electricity\/Landline Bill<\/li>\n<li>Post-paid mobile phone bill<\/li>\n<li>Water bill<\/li>\n<li>LPG or piped gas connection bill or Gas Connection book<\/li>\n<li>Bank account statement<\/li>\n<li>Credit card statement<\/li>\n<li>Post Office account Passbook<\/li>\n<li>Passport<\/li>\n<li>Domicile certificate (DC)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>An affidavit is sworn before a magistrate stating the applicant\u2019s date of birth<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Voter\u2019s ID Card<\/li>\n<li>Driving License<\/li>\n<li>Property registration document<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"color: #ff9900;\"><strong>-For <a style=\"color: #ff9900;\" href=\"https:\/\/carajput.com\/services\/hindu-undivided-family.php\">HUF (Hindu Undivided Family)<\/a><\/strong><\/span><\/p>\n<ul>\n<li>An affidavit is given by the HUF&#8217;s Karta state, as the case may be, the name, address, and father&#8217;s name of each member<\/li>\n<li>Identity proof, address proof, and date of birth.<\/li>\n<\/ul>\n<p><span style=\"color: #ff9900;\"><strong>-For Indian Company<\/strong><\/span><\/p>\n<p>Certificate of Registration which is issued by the Registrar of Companies (ROC)<\/p>\n<p><span style=\"color: #ff9900;\"><strong>-For <a style=\"color: #ff9900;\" href=\"https:\/\/carajput.com\/services\/limited-liability-partnership.php\">LLP<\/a> (<a style=\"color: #ff9900;\" href=\"https:\/\/carajput.com\/services\/limited-liability-partnership.php\">Limited Liability Partnership<\/a>) and Firm Which is Registered In India<\/strong><\/span><\/p>\n<p>Registration certificate issued to the Limited Liability Partnership (LLP) or Firms by the Registrar of Companies<\/p>\n<p><span style=\"color: #ff9900;\"><strong>Individual who is not a citizen of India<\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\"><strong><span style=\"color: #000080;\">Proof of Identity(POI)<\/span><\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Passport copy<\/li>\n<li>PIO card photocopy<\/li>\n<li>OCI Card photocopy<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Copy of other national or citizenship Identification Number or TIN attested by applicable \u2018Apostille\u2019, Indian Embassy, High Commission, or Consulate where the applicant is based.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000080;\"><strong>Proof of Address(POA)<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>bank statement of the residential country<\/li>\n<li>Copy of NRE bank statement in India<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Scan-Copy of resident certificate or Residential permit<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Passport copy<\/li>\n<li>PIO card photocopy<\/li>\n<li>OCI Card photocopy<\/li>\n<li>Scan of other national or citizenship Identification Number or TIN attested by relevant\u00a0\u00a0\u2018Apostille\u2019, Indian Embassy, High Commission or Consulate<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"PROCESS_FOR_ACQUIRE_PERMANENT_ACCOUNT_NUMBER_CARDwwwcarajputcom_PAN_Online\"><\/span><strong>PROCESS FOR ACQUIRE PERMANENT ACCOUNT NUMBER CARD<\/strong><span style=\"color: #ffffff; font-size: 14px;\">www.carajput.com; PAN Online<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There is 2 way to get PAN Card.i.e.<\/p>\n<ol>\n<li><a href=\"https:\/\/www.onlineservices.nsdl.com\/paam\/endUserRegisterContact.html\"><strong>National Securities depository Limited (NSDL)<\/strong><\/a>: www.tin-nsdl.com<\/li>\n<li><a href=\"https:\/\/www.pan.utiitsl.com\/PAN\/\"><strong>UTI infrastructure technology &amp; services ltd. (UTIITSL)<\/strong><\/a>::www.utiitsl.com<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"OFFLINE_PROCESS_OF_PAN_APPLICATION\"><\/span><span style=\"color: #000080;\"><strong>OFFLINE PROCESS OF PAN APPLICATION\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Download the application form from the NSDL\/UTIITSL website.<\/li>\n<li>Complete the form, and attach the supporting documents for POI\/POA.<\/li>\n<li>Submit the duly filled form with NSDL\/UTIITSL.<\/li>\n<li>You will receive your PAN Card within 15 working days.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"ONLINE_PROCESS\"><\/span><span style=\"color: #000080;\"><strong>ONLINE PROCESS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Visit the website .i.e.:\u00a0<a href=\"https:\/\/www.onlineservices.nsdl.com\/paam\/endUserRegisterContact.html\">NSDL<\/a>\u00a0\/\u00a0<a href=\"https:\/\/www.pan.utiitsl.com\/PAN\/\">UTIITSL<\/a>.<\/li>\n<li>Fill out the online application form.<\/li>\n<li>Processing fees to be paid by using Net Banking\/Debit credit card\/Demand draft.<\/li>\n<li>After processing fees are paid then the final page contains a 15 digit Acknowledgment number.<\/li>\n<li>After receiving the acknowledgment number, one should send them to NSDL along with form 49A within 15 working days.<\/li>\n<li>When verification is done PAN Card number is generated by NSDL.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Import_Things_to_considered\"><\/span><span style=\"color: #000080;\"><strong>Import Things to considered\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>When a person who is engaged in any of the above transactions is a MINOR &amp; has no taxable income, he\/she should state the father\/mother\/guardian PAN Card information.<\/li>\n<li>Anyone not holding a PAN Card and entering into transactions in which PAN is mandatory\u00a0shall fill out Form No. 60 according to Rule 114B of Income Tax Act, 1962.<\/li>\n<\/ul>\n<p><em><u>\u00a0<strong>Note:<\/strong> PAN Card details are required for source tax deduction i.e. The aggregation of TDS or Tax at source i.e. TCS, as described in section 139 [5b &amp; 5c].<\/u><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_penalty_of_Rs_10K_for_not_linking_Pan_with_Aadhar\"><\/span><span style=\"color: #000080;\">The penalty of Rs. 10K for not linking Pan with Aadhar<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #ffffff;\">ww.carajput.com; Linking<\/span><\/p>\n<ul>\n<li>If you do not link your Permanent Account Number to your Aadhaar card within the March 31 deadline, the income tax department may impose a penalty of as much as Rs. 10K for using an inoperative Permanent Account Number.<\/li>\n<li>The income tax department had previously stated that all unlinked PAN cards would be considered &#8220;inoperative&#8221; and now a new notice has been released stating that certain Permanent Account Number cardholders would face consequences for failure to supply PAN under the Income Tax Act.<\/li>\n<li>As per Section 272B of the Income Tax Act, when a Permanent Account Number becomes inoperative, it would be presumed that PAN has not been furnished\/quoted as prescribed by law and that a penalty of Rs. 10K will apply.<\/li>\n<li>Using the PAN card as ID proof for non-tax-related reasons such as opening a bank account or applying for a driving license does not incur a penalty,<\/li>\n<li>In the case of individual transactions, the liability would be imposed on all other instances, i.e. the assessee will have to pay the penalty on any possible non-compliance with the actual transaction.<\/li>\n<li>An Issue may emerge if the bank account opened with an inoperative PAN has activities that put it under income tax jurisdiction. For eg, whether you need to deposit or withdraw cash over Rs.50K Pan is necessary.<\/li>\n<li>Rajput Jain &amp; Associates, Chartered Accountant, said that in view of the penalty provisions laid down in Section 272B.<\/li>\n<li>Inoperative Permanent Account Number would relate to the non-furnishing and non-quotation of PAN, which is mandatory pursuant to section 139A of the Act. Section 272B(1), for non-compliance, carries a penalty of Rs. 10K.<\/li>\n<li>if you link your Permanent Account Number and Aadhaar, the PAN will become active and there will be no fines applied after the linking date.<\/li>\n<li>Many with inoperative PAN cards must bear in mind that they do not need to reapply for a new PAN card as once the transfer is completed the Permanent Account Number card becomes usable again.<\/li>\n<\/ul>\n<p><em>Central Board of Direct Taxes<\/em> has made Instant PAN allotment in near to real-time available at free of cost. Individuals (other than minors) with a valid Aadhaar number (with an updated Mobile No) can avail of the PAN allotment facility.<\/p>\n<p>POPULAR UPDATES:-<\/p>\n<h4><span class=\"ez-toc-section\" id=\"What_is_the_process_of_applying_instant_free_pan_through_adhaar_e-KYC\"><\/span><span style=\"text-decoration: underline;\"><strong style=\"color: #0000ff;\"><em><a style=\"color: #0000ff; text-decoration: underline;\" href=\"https:\/\/carajput.com\/blog\/what-is-the-process-of-applying-instant-free-pan-through-aadhaar-e-kyc-fm-launches\/\">What is the process of applying instant free pan through adhaar e-KYC<\/a><\/em><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Basic_of_aadhar_card_significance_process_aadhaar_linking_with_PAN\"><\/span><strong><em><a href=\"https:\/\/carajput.com\/blog\/basic-of-aadhar-card-significance-process-aadhaar-linking-with-pan\/\"><span style=\"color: #0000ff;\">Basic of aadhar card significance process aadhaar linking with PAN<\/span><\/a><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>Contact Us<\/strong><br \/>\nGet in touch with us today to find out more about the services we offer! Call us at +91-9555 555 480. We also offer <a href=\"https:\/\/carajput.com\/services\/permanent-account-number-pan.php\">PAN Registration<\/a> services!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>www.carajput.com; PAN Historical Background of Permanent Account Number (PAN)? Know about your PAN card:\u00a0 PAN stands for Permanent Account Number. It is an alphanumeric 10-digit character number allocated to the PAN Cardholder in the form of government-issued identification. Permanent Account Number helps to identify the taxpayer&#8217;s income or the PAN cardholder. PAN card required in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9011],"tags":[9230,9231,9228,9232,9229],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/8193"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=8193"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/8193\/revisions"}],"predecessor-version":[{"id":24922,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/8193\/revisions\/24922"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=8193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=8193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=8193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}