PAN Card �" How to Apply, Documents &Reapplication
Permanent Account Number or PAN as it is popularly known is a unique ten digit alphanumeric combination. It is not only unique but also permanent as the name says which means that it remains the same even if there is a change of address within the state or inter-state.
All the juristic entities that can be identified under the Indian Income Tax Act 1961 need to own a PAN Card. In other words it serves as the most important ID proof. It is a laminated card that is issued by the Indian Income Tax Department and the supervisory rights are held by the Central Board for Direct Taxes (CBDT). PAN Card holds an equal importance as the national identification number for an individual.
Example of a PAN Card Number
BIFPS2156M
- The first three letters i.e “BIF” is randomly derived from the alphabetic series from AAA to ZZZ.
- The fourth character which is “P” here stands for Individual. It varies in case of Company where it says “C” in case of “P”, “H” for an HUF, “T” for a Trust, “A” for an AOP etc.
- Fifth character which is “S” here stands for Surname or last name of the holder.
- The next four characters which are “2156” are again randomly derived from numeric series from 0001 to 9999.
- And the last and tenth character which is “M” here is an alphabetic check digit
Importance and Usage of PAN Card
- PAN Card plays a vital role in financial transactions such as professional fees, sale or purchase of movable and non-movable assets, receiving taxable salary, making cash payments exceeding Rs 25K in restaurants and hotels at one time etc.
- It plays a pivotal role in filing of income tax return. It also keeps a check on the financial transactions of high net worth individuals.
- Tax evasions could be monitored and checked through a PAN Card.
- PAN Card serves as the most important document when you wish to apply for a telephone connection or when you wish to open an account in a bank.
- If you wish to make a term deposit for an amount exceeding Rs 50K or if you wish to deposit cash exceeding Rs 50K in a bank it becomes mandatory for you to mention your PAN number.
- When you wish to make investments in any of the mutual fund schemes you will be required to give your Pan Number.
- Pan details are important when you want to open a Demat Account and also when you wish to sale or purchase securities of value exceeding Rs 1 Lac you will have to mention your PAN details.
- In a particular day if you pay any amount exceeding Rs 50K in cash for banker’s cheque or pay orders or purchase of bank draft you need to mention your Pan details.
Minimum Age For Getting a PAN Card – There is no minimum or maximum age prescribed for obtaining a PAN Card. Even a new born can own a PAN Number but in this case the parents/guardians of the minor would serve as Representative Assessee and the application would be made through them.
Exceptions or Those who are exempt from Holding a PAN Card India –
- All Non-Resident Indians (NRIs) are exempt from holding a PAN Card.
- Central Government, Consular Officers and State Governments do not require a Pan Card in transactions in which they are the payers.
- All those who have agricultural income but do not have taxable income fall under exceptions that are not required to have a Pan Card.
How to Apply For a PAN Card?
- In order to apply for a PAN Card an applicant needs to go to the official website and fill in Form 49A and submit it online. Form 49AA has to be filled in by foreign citizens. The applicant must also have a valid Proof of Identity (POI) and Proof of Address (POA).
- Once submitted the applicant is required to save and print the 15 digit acknowledgement slip that is displayed.
- “Individual” applicants need to affix two recent colour photographs having a white background on the acknowledgment. The size of the photographs needs to be size 3.5 cm x 2.5 cm.
- The applicant is required to sign the application or put in the thumb Impression as. The signature should not leave any mark on the photograph. The photograph needs to be clearly visible or else the application may get rejected. In case of thumb impression, it should be attested by a Magistrate or a Notary Public or a Gazetted Officer under official seal and stamp.
- At present, the processing fees for PAN within India is Rs 96 i.e 85.00 + 12.36% service tax
- The applicant can use any of the following modes for payment
i) Cheque
ii) Netbanking
iii) Debit Card or Credit Card
iv) Demand Draft
- If Communication Address mentioned in the application is of a foreign country then the following are applicable –
a) The processing fees for Pan application would be Rs 962 i.e Application Fees Rs 85 + Dispatch Charges Rs 771.00) + 12.36% service tax.
b) If any of the addresses mentioned in the application is a foreign address then payment can be made only through a Demand Draft that would be payable at Mumbai.
- The application along with the Demand Draft if any and the documents of POI and POA should be sent to NSDL at
'Income Tax PAN Services Unit, National Securities Depository Limited, 3rd floor, Sapphire Chambers, Near Baner Telephone Exchange, Baner, Pune - 411045'.
- If is mandatory that the documents should reach NSDL within 15 days of online application. It will take approximately 2 weeks for the PAN Card to reach your place.
- You can also keep a track of the status of your PAN once applied online.
Documentation Required for PAN Card
It is mandatory for all the applicants to provide with the following documents while applying for a PAN Card. The documents should be in the name of the applicant.
- Proof of Identity (POI)
- Proof of Address (POA)
In case of “Minor Applicants” the documents in name of the Representative Assessee are required as he is the one applying on behalf of the minor.
Documents for Individuals
1. Citizen of India located in India at the time of application for PAN
Proof of Identity
Copy of any of the following:
- School leaving certificate
- Matriculation certificate
- Degree of a recognised educational institution
- Depository account statement
- Credit card statement
- Bank account statement/ bank pass book
- Water bill
- Ration card
- Property tax assessment order
- Passport
- Voters Identity Card
- Driving License
- Certificate of identity signed by Member of Parliament or Member of Legislative Assembly or Municipal Councillor or a Gazetted Officer is required to file the same in prescribed format only.
Proof of Address
Copy of any of the following:
- Electricity bill*
- Telephone bill*
- Depository account statement*
- Credit card statement*
- Bank account statement/bank pass book*
- Rent receipt*
- Employer certificate*
- Passport
- Voters Identity card
- Property tax assessment order
- Driving License
- Ration card
- Certificate of address signed by Member of Parliament or Member of Legislative Assembly or Municipal Councillor or a Gazetted Officer is required to file the same in prescribed format only.
* Documents submitted as proof of address for serial numbers 1 to 7 should not be more than six months old from the date of application.
2. Citizen of India Located Outside India at the Time of Application for PAN
Proof of Identity
- Copy of Passport
- Proof of Address
Proof of Address
- Copy of passport
- Copy of bank account statement in country of residence
- Copy of NRE bank account statement **
3. Foreign Citizen Located in India at the Time of Application for PAN
Proof of Identity
Copy of any of the following
- Copy of passport
- Copy of Person of Indian Origin (PIO) card issued by Government of India
Proof of Address
Copy of any of the following
- Copy of passport
- Copy of bank account statement in India
- Residential permit issued by the State Police Authorities
- Registration certificate issued by the Foreigner's Registration Officer
- Copy of Person of Indian Origin(PIO) card issued by Government of India
- Copy of NRE bank account statement**
4. Foreign Citizen Located Outside India at the Time of Application for PAN
Proof of Identity
- Copy of passport
- Copy of other National ID attested by Indian Embassy/Consulate/High Commission/Apostille
- Copy of Person of Indian Origin(PIO)card issued by Government of India
Proof of Address
Copy of any of the following
- Copy of passport
- Copy of other National ID attested by Indian Embassy/Consulate/High Commission/Apostille
- Copy of bank account statement in country of residence, duly attested by Indian Embassy/High Commission/Consulate/Apostille in the country where applicant is located
- Copy of Person of Indian Origin (PIO) card issued by Government of India
- Copy of NRE bank account statement**
** showing at least two customer 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 Individuals
i.e. Firm, BOI, HUF, AOP, AOP(Trust), Local Authority, Company, Artificial Juridical Person
1. Having Office of their Own in India
Proof of Identity and Address
- HUF: Any document prescribed in the case of individuals in respect of Karta of the HUF.
- Company: Copy of Certificate of Registration issued by Registrar of Companies.
- Firms: Copy of Certificate of Registration issued by Registrar of Firms or Copy of Partnership Deed.
- AOP (Trusts): Copy of Trust Deed or Copy of Certificate of Registration issued by Charity Commissioner.
- 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 and address of such person.
2. Having No Office of their Own in India
Proof of Identity and Address
Copy of any of the following
- Copy of registration certificate of the respective country duly attested by Indian Embassy/ Consulate/ High Commission/ Apostille in the country where applicant is located.
- Copy of certificate of registration with the competent authority in India.
- Copy of approval issued by the competent authority in India.
- Copy of the accompanying documents along with the approval issued by competent authority in India.
- Copy of the application (duly acknowledged) made by the applicant before the competent authority in India.
*This document can be provided only if applicant mentions an address in India in the PAN application.
Source: https://www.tin-nsdl.com/pan/documents-req.php
Process of Reapplying for a Lost PAN Card
In case you have misplaced of lost your PAN Card there is no need for you to panic stress yourself unnecessarily. It is not a tedious process. You can simply apply online for your lost pan card. Follow the steps in order to re-apply for your lost PAN Card
- You need to firstly file a police FIR for the PAN Card Lost with the nearest police station. You will be issued a Loss Certificate by the officials. This will ensure that your PAN Card if fallen in wrong hands is not misused.
- You should fill in the PAN Card Correction Form available on the official website and should send the application duly filled, signed along with the photographs and the Lost PAN Card Certificate that you obtained from the police officials.
- The rest of the process along with the processing fees remains the same.
FAQ’s
- While applying for a PAN Card it is mandatory for a female applicant to mention Father’s Name irrespective of her marital status as there is no provision for Husband’s Name in the application form.
- For any individual, company, HUF etc it is unlawful to obtain or possess more than one Pan Card. It is advisable to surrender the unused by logging into ITD website at www.incometaxindia.gov.in. Those having more than one PAN Card may attract a penalty up to Rs 10000.
Contributed By: Megha Sharma |
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Megha Sharma works as a guest lecturer in Delhi. She holds an MBA & Doctorate from the UPTU. With extensive knowledge and experience in various financial products, she also works as a consultant in banking & finance domains wherein she offers advice to her clients in managing personal finance. | |
"Association of Persons"
"Body of individuals" or
"Trust"
Can Secretary of the housing society apply for a PAN card for Hsg. Soc?
Ours is an apartment association and is registered. If we have to apply for a PAN card for our apartment association do we have to apply as a firm / Association of Persons / or Body of Individuals ? Please advice.
RG Bhat
Bangalore
Please help
I applied for a new pan card and the status says that the id proof is not matching. Hence i want to resubmit the form. How is it possible? Again i have to fill a fresh 49A form and submit with a fresh fees payment? or i can send the ID proof by courier to them.
I had applied for the PAN Card ...i dont have a serial no. and did not get the acknowledgement no also.......please let me know how to get the acknowledgement no.