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PAN (Permanent Account Number) refers to a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department (ITD) in India.
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What is PAN or a PAN Card ? PAN (Permanent Account Number) refers to a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department (ITD) in India.
Why Is It Necessary To Have PAN? It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. It is also compulsory to quote PAN in all documents pertaining to financial transactions notified from time-to-time by the Central Board of Direct Taxes.
Is it compulsory to quote PAN on return of income? Yes, it s compulsory to quote PAN on return of income.
Who must have a PAN? All existing taxpayers or persons who are required to file a Return of Income even on behalf of others. Any person who intends to enter into economic or financial transactions where quoting PAN is mandatory.
How do I apply? You can apply for PAN by filling up the Application Forms 49A or 49AA (for other than Indian citizen). You can apply through any TIN-Facility Center, Alankit being one of them.
What documents should I submit along with the application form? You have to submit the following documents with the application form: A] Proof of identity (POI) B] Proof of address (POA) C] Proof of date of birth (PODB) (applicable only for Individual & HUF status of applicant.) (POA) The documents for POI and POA depend on the citizenship and the status of the applicant.
Visit here - https://www.alankit.in/pan-card-correction.aspx