Permanent Account Number, commonly called PAN, is a way to identify various taxpayers in our country. It is a unique 10 alphanumeric identification numbers or code that acts as identification for an individual, family, and companies especially those who pay Income Tax.
PAN card is issued by the Income Tax Department under the supervision of the CBDT (Central Board of Direct Taxes) and also serves as an important proof of identification.
Why do you need PAN?
It is compulsory for an individual to have PAN card if he/she wants to open an account in the bank, if he/she receives taxable salary, while making high-value transactions, applying for bank loan, buying property or car worth over a certain value, buying or selling shares, mutual funds, applying for passport/visa, paying income tax, filing tax returns, etc.
Who requires PAN card?
All individuals, firms, companies, associations, Hindu undivided family, trust who pay income tax should have a PAN number. All the producers or manufacturers of goods need a PAN number. PAN is also needed when anyone intents to make financial transaction where quoting is mandatory. Those who file income tax returns need PAN number.
How to apply for PAN card?
Application for PAN card can be made online through NSDL website or through PAN Facilitation centers located across the country.
How to apply for PAN card online?
Visit NSDL or UTIITSL website. Fill form 49A (for Indian citizen) or 49AA (for foreign nationals) with required details. Submit/upload required documents. Pay the required processing fee. PAN card will be dispatched to your address.
How to apply for PAN card offline?
Get application form (49A or 49AA as applicable) from authorized PAN center. Fill the required form (in capital letters) along with required documents and submit along with the processing fee. PAN card will be dispatched to address mentioned in the form.
Who can apply for PAN card?
Individuals, HUF, minors, mentally retarded person, proprietary/partnership firm, LLP, trusts, companies, local authorities, an association of persons, and an artificial judicial person can apply for PAN card.
Documents required for PAN card
For an individual Indian citizen address proof (Aadhaar card, electricity bill, bank account statement, voter ID, driving license, etc.), date of birth proof (birth certificate, pension payment order, matriculation certificate, driving license, domicile certificate issued by government etc.).
For HUF (Hindu undivided family) above documents of the Karta, additionally declaration signed by Karta stating fathers name and address.
For companies, a copy of registration certificate which is issued by the registrar of companies, copy of partnership (if applicable).
How to check the PAN card status that you have applied for?
One can check PAN card status when an application is made and the card has yet not been delivered. It takes approximately 15 to 20 days to process before you get your PAN card. It provides required information to the holder regarding delivery status. The government has made it easy for the applicants to track their application status through the 15 digit acknowledgement number which can be done in three ways.
SMS facility – An applicant required to send SMS to NSDLPAN followed by 15 digit acknowledgement number to 57575.
Telephone call – The applicant has to call the call center in order to get update quoting the acknowledgement number on 1800-180-1961, 09893982635, 020-27218080, 033-40802999, 011-23705418/23353817, 044-28143917/8, 033-22814661/22901396.
Online facility – The applicant can choose an online facility for tracking the status by going to TIN-NSDL site and entering acknowledgement number.
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