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Permanent Account Number or PAN is a 10 digit unique alphanumeric number issued to a tax paying person, company or anyone that pays taxes in India. It is issued by the Indian Income Tax department. Applying online for PAN card is really easy! This ppt will guide you through the entire process.
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What is a PAN card? • Permanent Account Number or PAN is a 10-digit alphanumeric and unique identification number. • It is issued to a tax-paying person, company or non-resident Indian or anyone who pays taxes in India. • It serves as identity proof for various tasks like opening a bank account, filing tax returns or making large financial transactions. • It is issued by Indian Income Tax Department and has a lifetime validity.
Uses of a PAN Card PAN card is required : • While filing the income tax return. • For opening a new bank account, demat account, foreign currency purchases etc. • To apply for Credit Card, Bank loan, etc. • While making large financial transactions of more than ₹50,000 towards bank deposits. • To carry out sale and purchase transactions of house property, shares, etc.
How to apply for a PAN card? • You can apply online for the PAN card on the NSDL website. • NSDL is an authority to issue PAN card and make changes or corrections in the PAN card, if required. .
Step 1: Fill and Submit the online form • Visit NSDL website (1). • Form 49 A is for Indian citizens and NRIs and Form 49AA is for foreign citizens. • Select the form of your preference. • Fill in your details and submit the form.
Step 2: Payment of application fees • For Indian communication address fee is ₹ 110 (Proceeding fee ₹ 93 + GST @ 18%) and ₹ 1020/- [(Application fee ₹ 93 + Dispatch charges ₹ 771) + GST @ 18%] if communication address is outside India. • Payment of application fee can be made through cheque, credit/debit card, demand draft or net-banking. • Cheque / DD should be in the favour of NSDL – PAN.
Step 3: Documents to be sent to NSDL • Applicant is required to send the supporting documents through courier/post to NSDL. • Documents include one proof of identity, one proof of address and one proof of date of birth. • Here is a complete list of documents (2).
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