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Permanent Account Number (PAN)

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued by Income tax department of India as a proof of identification for tax purposes. PAN enables the department to identify/ link all transactions of the PAN holder with the department. Generally every person having taxable income in India need to apply for PAN and is mandatory for opening bank account, various statutory registrations, pay taxes and filing tax returns and many other transactions as prescribed by government time to time.

Features

  • PAN-Permanent Account Number

    Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued by Income tax department of India as a proof of identification for tax purposes.

  • Use of PAN

    Permanent Account Number (PAN) is mandatory for opening bank account, various statutory registrations, pay taxes and filing tax returns and many other transactions as prescribed by government time to time.

  • Validity

    Once a PAN is issued, it is valid for lifetime. However, any change in the PAN database (i.e. details provided at the time of obtaining PAN) should be intimated to the Income Tax Department.

Procedure

How long Does It Take?

Preparation of PAN Application

0-1 Working Day

Application for PAN Card is prepared either in physical or online mode in prescribed Form 49A (Resident)/49AA (Non-Resident) based on the information and documents of the applicant.

Submission of PAN Application

0-1 Working Day

PAN application is submitted at the PAN application center of UTIITSL or NSDL along with requisite supporting documents and prescribed fee. An online application can also be made from the website of UTIITSL or NSDL.

Obtaining PAN Card

7-10 Working Days

After due scrutiny and processing, the department dispatch the PAN card directly to registered address of the applicant. The time period in receiving the PAN card may vary depending on the location and other factors.

FAQ

  • Who all need to apply for PAN?

    Any person having taxable income in India including foreign nationals/companies are primarily required to obtain Permanent Account Number (PAN) in India. PAN is mandatory for opening bank account, various statutory registrations, pay taxes and filing tax returns and many other transactions as prescribed by government time to time.

  • Is there any need of hiring consultant for applying PAN

    No, it’s not mandatory to hire consultant for obtaining PAN. The assessee may directly apply through offline or online mode in prescribed form 49A/49AA.

  • What is the process to apply for duplicate PAN card ?

    In case of loss or damage of PAN card, either applicant can apply online or can visit nearest NSDL or UTI center to apply for duplicate PAN.

  • Can applicant hold more than one PAN?

    No, a person cannot hold more than one PAN. A penalty of Rs. 10,000/- is liable to be imposed under section 272B of the Income-tax Act, 1961 for having more than one PAN. If a person has been allotted more than one PAN then he should immediately surrender the additional PAN card(s).

Documents Required

DOCUMENTS REQUIRED FOR THE PROCESS

    For Individual/HUF-Resident in India

  • Color Photographs of applicant, and Identity, Address and date of birth proof (Copy of elector\'s photo identity card/passport/driving license/Aadhar card etc.)

    Foreign Citizen Located within & Outside India at the time of Application

  • Color Photographs of applicant, and Identity and Address proof (Passport/Person of Indian Origin card issued by the Government of India/copy of Overseas Citizenship of India Card issued by Government of India/Copy of other national or citizenship Identification Number or Taxpayer Identification Number etc.)


    Company/Firms/Limited Liability Partnership/Others - having office of their own in India

    Company/Firms/Limited Liability Partnership/Others-Not having office of their own in India

  • Copy of certificate of registration issued by Registrar of Companies/ Registrar of firms/ Registrar of LLPs, as applicable
  • Copy of Certificate of Registration issued in the country where the applicant is located, duly attested by “Apostille” (in respect of the countries which are signatories to the Hague Convention of 1961) or by the Indian Embassy or High Commission or Consulate in the country where the applicant is located or authorised officials of overseas branches of Scheduled Banks registered in India.
  • Copy of registration certificate issued in India or of approval granted to set up office in India by Indian Authorities.