Apply for PAN

Who should apply for PAN Card?

All existing assessees or taxpayers or persons who are needed to furnish a return of income, either on behalf of self or others, should acquire PAN.

Any person, who intends to enter into economic or money transactions wherever quoting PAN is necessary, should also acquire PAN

Who should apply for a new PAN Card?

One should apply for new PAN Card once the applicant has never applied for a Permanent Account number (PAN) or doesn't have a PAN assigned to him.

PAN card issues,PAN allotment,PAN important

What is Form 49A?

49A Form is an application for allotment of Permanent Account Number in case of Indian Citizens/ Indian Organizations/ Indian Affiliates/ Companies formed in India.

Who issues PAN Card?

All Indian citizens having the source of financial gain and valid proofs(as prescribed by the income tax department) are eligible to use for pan card. getting a pan card or Permanent Account number is obligatory for each tax payer or the one who has to file an income tax return on behalf of self or others

What is PAN Allotment?

Applicants for Permanent Account Numbers (PAN) can have to be compelled to turn out original documents of proof of identity, address and date of birth for verification at the time of applying.

“The procedure for PAN allotment method can endure a modification with impact from february 3, 2014,” the finance ministry aforesaid during a statement.

Copies of proof of identity, address and date of birth attached with PAN application forms are checked against their original documents once applications are submitted at PAN facilitation centres.

The original documents would be came back to candidates directly after verification.

An applicant will acquire a PAN card by paying a fee of Rs 85, and service tax, in cash at the facilitation center.

PAN is a 10—digit alphanumeric range issued within the form of a laminated card by the income tax department to any person or entity applying for it or to whom the department has assigned variety without an application.

Why is PAN important?

PAN or Permanent Account number is a distinctive 10- digit alphamerical identity assigned to every taxpayer by the income tax department under the management of the central board of direct taxes. It additionally is an identity proof. PAN is necessary for money transactions like receiving taxable wage or professional fees, sale or purchase of assets on top of specified limits, purchase mutual funds and more.

Who should get PAN?

Obtaining a PAN card or Permanent Account number is obligatory for each tax payer or the one that must file an income tax return or behalf of self or others. essentially any individual/ non individual(including the foreign citizens/entities) earning taxable income in india should have a PAN card.