Permanent Account Number
The PAN (Permanent Account Number) card is an important document even for the simplest financial procedures, such as opening a savings bank account or applying for a debit or credit card.
It is a 10-digit alphanumeric identifier that can be assigned to any individual, business, firm, Hindu Undivided Family (HUF), AOP, or other group by the income tax department.
These days, you are able to submit a partially online PAN application. This is so that you can send the acknowledgment receipt to the National Securities Depository (NSDL) or UTI Infrastructure Technology and Services Limited (UTIITSL), which are the organizations that the income tax department has authorized to process PAN applications on its behalf, even after you have finished all the other steps.
PAN cards are now required as main document for a number of transactions, including opening bank accounts, investing, buying and selling real estate, loans, credit cards, and buying and selling cars. In many circumstances, PAN cards are also accepted as identification proof for individuals.
In order to avoid a greater deduction of 20%, you must provide your PAN if you are delivering services to a client and the client deducts TDS from the payment proceeds. PAN is required in order to file your income tax return.
TDS deduction is given to non-PAN holders at a higher flat rate of 20%. The Income Tax Rule 114B lists the transactions and activities for which a PAN must be quoted.
PAN Card Legal Requirements under the Income Tax Act
PAN is also required for deposits made with Co-ops Banks, Post Office, and NBFC organizations.
A PAN is also required for deposits amounting more than Rs.5 lakh in a year.
Contract for the acquisition or sale of goods worth more than Rs. 1 lakh
Basic Savings Bank Deposit Accounts are not eligible for PAN requirements when opening.
In Cooperative banks are additionally required
Cash payment amount more than Rs.50,000/-.
Cash deposit amount more than Rs.50,000/- in a day.
Payment in cash for international travel or buying foreign currency for more than Rs. 50,000 at a time (including airfare and payments to travel agencies)
Request for a credit card from a bank or any other business or organization
Payment amount more than Rs.50,000/- to a company/ institution for the purchase of its debentures/ bonds
Payment amount more than Rs.50,000/-
Payment amount more than Rs.50,000/- in one year.
Total cash payment which exceeding Rs. 50,000/- in a year
Cash Payment amount more than Rs.50,000/- in a day to any Bank.
All transactions
How to file a PAN Card Application Online?
For Example, you choose UTIITSL. Visit https://www.utiitsl.com/
Digital Signature based or self-Signed Application/Esign Aadhar based
- Select Application type – New or Correction.
- Select the applicant’s category, such as individual, company, firm, etc.
- Starts filing up the details carefully and select the Income Tax circle/Ward.
Following online fee payment, an application form and acknowledgement copy are generated. If this copy is self-signed, it must be sent to the NSDL, Pune Office with the supporting documents, the fee (if payment by DD/Cheque), and the other required documentation.
How Can I View the Status of My PAN Card Application Online?
Required Documents for PAN Card Application (Indian Resident)
For Individual Applicant:
ID Proof: – Aadhar card / Driving License / Voter ID / Passport / Ration Card having your photo thereon / ID Card issued (Govt. Employee) / Bank Certificate.
Address Proof: – Electricity or Telephone or Water or Gas Connection or Credit Card Bill (below 3 months old) / Aadhar card/ Passport / Driving License / Voter ID / Passport of Spouse / Employer Certificate in Original / Domicile Certificate / Certificate of Address in original signed by MP or MLA or Municipal Councilor.
Date of Birth Proof: – Birth Certificate issued by Municipal Authority or authorized Registrar / Aadhar Card / Voter ID / Driving License / Passport / Pension Payment Order / Marriage Certificate / Domicile Certificate / Matriculation Certificate.
For Indian Company / LLP Registered in India: Certificate of Incorporation
For Firm: Copy of the partnership deed or the registration certificate issued by the firm’s registrar.
- For Artificial Juridical Person (AJP), Body of Individual (BOI), or Association of Person (AOP)
- The registration certificate, issued by the competent authority or cooperative society’s registrar
- Certificate of Registration number as issued by charity commissioner
- Copy of the Agreement
For Trust (AOP):
Certificate of Registration number issued by charity commissioner.
Copy of the Trust Deed
For Hindu Undivided Family:
Documents will be same in the case of the individual applicant. A copy of the Affidavit by Karta of HUF stating the name, father name, and address of all coparceners” is the only extra document that can be included.
Required Documents for PAN Card Application (Foreign Citizen or NRI)
For Individual Applicant
Documents for ID Proof: –
- Apostille-attested copy of another national identification document, citizen ID, or taxpayer ID
- In Copy, All the IDs like National ID, Citizen ID, or Taxpayer ID properly attested by authorized officials of overseas banks registered in India.
- Other properly attested copies of National ID, Citizen ID, or Taxpayer ID Consulate.
- Attested copies by Indian Ambassy of National ID, Citizen ID, or Taxpayer ID.
- Attested copies by High Commission of National ID, Citizen ID, or Taxpayer ID
- Copy of Overseas Citizenship of India Card issued by Govt. of India.
- Copy of the Passport.
- Copy of Person of Indian Origin Card issued by Govt. of India.
Address Proof Documents: –
- Copy of the Bank Statement in the Country of Residence.
- Copy of Indian Residence Certificate or Residential Permit issued by State Police Authority.
- Copy of NRE Bank Account Statement in India.
- Copy of Overseas Citizenship of India Card issued by Govt. of India.
- Copy of the Passport
- Copy of Person of Indian Origin Card issued by Govt. of India
- Copy of Registration certificate issued by Foreigners Registration Offices which shows the Indian Address
- Appointment Letter with Visa or Contract from Indian Company and letter with certificate (Original) of Indian Address issued by Employer.
For Companies / LLP/ Firm
Proof of Identity and Address: –
Apostille-attested copy of Registration certificate issued in the country where applicant is located.
- Copy attested by Indian Ambassy of Registration certificate issued in the country where applicant is located.
- Copy attested by High Commission of Registration certificate issued in the country where applicant is located.
- Copy attested by Consulate of Registration certificate issued in the country where applicant is located.
- Copy attested by overseas branches of schedule banks registered in India of Registration certificate issued in the country where applicant is located
- Copy of Registration certificate issued in India or approval to setup office in India granted by India Authorities.
- Copy of Registration certificate issued in India or approval to setup office in India granted by India Authorities for Address proof only.
Our Pricing
New PAN Card(Foreign Citizen or NRI)
Non-Resident, Foreign Company and all others not belongs to India
PAN Card Correction / Reprint
Service included in our PAN Card Package
Our expert will prepare your application and co-ordinate with you to arrange for the necessary Documents.
After your documents receive and your application is properly processed, our expert files your PAN application online using an Aadhar-based e-signature, a digital signature, or a printout of the application that is signed by you and submitted to the appropriate authority. For Status Checking online, you will receive an acknowledgement number.
Our experts will update you the status of the application regularly
You will receive the PAN Card at your correspondence address in approx. 15 days