PAN Card: A Permanent Account Number (PAN) is a ten-digit alphanumeric identifier issued by the Indian Income Tax Department to individuals and entities for the purpose of tracking financial transactions. It is issued in the form of a laminated card and is a unique identification number for individuals, companies, and other entities in India. PAN is required for a wide range of financial transactions, including opening a bank account, filing tax returns, and buying or selling property. It is also used as a form of identification for various purposes, such as enrolling in educational institutions and obtaining a passport.
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Permanent Account Number (PAN) Card system
A Permanent Account Number (PAN) is a unique identification number issued by the Indian Income Tax Department to individuals, companies, and other entities in India. It is used for various purposes, including paying taxes, opening a bank account, and applying for a credit card or loan. The PAN card is a physical card with the PAN number and the holder's personal details printed on it.
In India, the PAN Card system is administered by the Income Tax Department, which is responsible for issuing PAN cards and maintaining the PAN database. The PAN card is issued to individuals, companies, trusts, and other entities upon request, and it is valid for the lifetime of the holder. The PAN card serves as a proof of identity and is used for various financial transactions in India.
To apply for a PAN card, individuals and entities must fill out an application form and submit it along with the required documents to the Income Tax Department or through an authorized intermediary. The application process typically takes a few weeks to complete, and once the PAN card is issued, it is mailed to the applicant's address.
In addition to serving as a proof of identity and a financial transaction tool, the PAN card is also used to track an individual's or entity's financial transactions and ensure compliance with tax laws in India. The government uses the PAN system to monitor financial transactions and detect tax evasion or other financial irregularities.
PAN card is a lifelong document and remains unaffected due to change in residential address. Know the process to get pan card within 2 days.
Who must Apply for PAN card?
In India, a Permanent Account Number (PAN) is a ten-digit alphanumeric code issued by the Income Tax Department of the Government of India. PAN is mandatory for certain transactions, such as opening a bank account, filing tax returns, and investing in certain financial instruments.
As per the Income Tax Act, 1961, any person who earns an income above the taxable limit or carries on a business or profession whose total sales, turnover, or gross receipts exceed the threshold limit specified by the tax laws, is required to apply for a PAN card.
In addition, any person who intends to enter into transactions that are required to be reported to the tax authorities, such as buying or selling property, making investments, or receiving gifts above a certain value, must also apply for a PAN card.
In summary, any person who meets any of the following criteria must apply for a PAN card:
- Earns an income above the taxable limit
- Carries on a business or profession whose total sales, turnover, or gross receipts exceed the threshold limit specified by the tax laws
- Who release invoices under the rule 57AE registered with Central Excise Rules 1944.
- Intends to enter into transactions that are required to be reported to the tax authorities, such as buying or selling property, making investments, or receiving gifts above a certain value.
- Who is willing to enter the financial transaction.
- Who want to make a new bank account, driving license, making any two-wheeler or four-wheeler purchases, opening a Demat account etc
- Charitable trust who is required to provide return under the section 139A
- Who is eligible to receive any amount/income after the deduction of tax.
- Who are enrolled under the Central Sales Tax Act or the General Sales Tax Law.
- Who release invoices under the rule 57AE registered with Central Excise Rules 1944.
- Who is working in excise duty has to obtain PAN card to pay for his excise goods.
- Who is involved in import/export sector is required to obtain PAN card to maintain his/her Import/Export code.
Who Issues PAN Card?
In India, PAN (Permanent Account Number) cards are issued by the Income Tax Department, a government agency responsible for administering and enforcing tax laws in the country. The PAN card with the help from authorized district-level PAN agencies like UTI Infrastructure Technology and Services Limited and National Securities Depository Limited (NSDL)
It is used as a means of identification for various financial and legal purposes, such as filing tax returns, opening bank accounts, and obtaining credit cards. The PAN is issued by the Income Tax Department's Centralized Processing Center (CPC) in Bangalore, which processes all applications for PAN cards in the country. If you want to apply for a PAN card in India, you can do so online through the official website of the Income Tax Department or by visiting a PAN center.
PAN Card Eligibility
In India, PAN card is issued to everyone who pays tax, be it individuals, companies, students, minors, Hindu undivided families, limited liability partnerships, association of persons, trusts, artificial juridical persons, local authorities , Partnership firm, Non-resident and so on.
To be eligible for a PAN card in India, you must meet the following criteria:
- You must be a resident of India.
- You must be at least 18 years old.
- You must be engaged in a financial transaction for which a PAN is required by law.
If you meet these eligibility requirements, you can apply for a PAN card by completing an application form and submitting it to the Income Tax Department, along with the required documents. The process for obtaining a PAN card can be done online or by visiting a PAN center in person.
It is important to note that you will need a PAN card for various financial transactions, such as opening a bank account, investing in mutual funds, or buying property. It is also necessary to quote your PAN on your tax returns and other financial documents.
Documents Required for PAN Card
To apply for a Permanent Account Number (PAN) card in India, you will need to provide the following documents:
For Individual Applicants Identity Proof of any one of the following:
- Proof of identity: This can be a passport, voter ID card, driving license, or any other government-issued identity card.
- Proof of date of birth: This can be a birth certificate, passport, or any other government-issued document that shows your date of birth.
- Proof of address: This can be a passport, voter ID card, driving license, or any other government-issued document that shows your address.
- Two passport-sized photographs: These should be recent, clear, and taken against a light background.
- Form 49A: This is the application form for a PAN card, which you can download from the website of the Income Tax Department of India.
- Aadhar Card
- Driving License
- Election Voter ID
- Any photo ID card,
- issued by State or Central Government or a Public Sector Undertaking
- Arm’s License
- bank certificate issued by the bank with the bank’s letterhead from the respective branch
You will also need to pay a fee to apply for a PAN card. This fee can be paid online using a credit card, debit card, or net banking.
Note that the documents and information required for a PAN card application may vary depending on the type of PAN card you are applying for. For example, there are different PAN cards for individuals, firms, and companies, and the requirements may vary for each type. It is best to check with the Income Tax Department or a PAN card service provider for the specific documents and information required for your PAN card application.
Address proof of the applicant (any one of the following)
- Gas Connection Bill
- Passport Post Office Account Passbook
- Deposit Account Statement
- Driving License
- Voter ID Card
- Aadhaar Card
- Bank Account Statement
- Postpaid Mobile Phone Bill
- Electricity Bill
- Phone or Broadband Connection Bill
- Credit Card Statement
- LPG or Piped Gas Connection Bill
- Property Registration Document
- Domicile Certificate issued by Indian
- Government Certificate in Original from the employer (if the employer is a reputed private or private corporation)
Date of Birth proof (any one of the following)
- Driving License
- Domicile Certificate issued by the Government of India
- Pension Payment Order
- Affidavit before Magistrate stating date of birth of the applicant
- Passport
- Matriculation Certificate
- Birth Certificate issued by the Municipal Authority or any authorized authority
- Marriage Certificate issued by the Registrar of Marriages
Documents for Hindu Undivided Family (HUF)
- Identity Proof
- Address Proof
- Date of Birth Proof
- An affidavit issued by the Karta of the HUF mentioning the name, address and father’s name of every coparcener as on the date on which the application is filled in.
Documents for Companies which are registered in India
- A copy of the Certificate of Registration issued by the Registrar of Companies
Documents for Firms and Limited Liability Partnerships Formed or Registered in India
- A copy of the Certificate of Registration issued by the Registrar of Firms or Limited Liability Partnership.
- A copy of the Partnership Deed
Documents for Trust formed or Registered in India
- Copy of trust deed or copy of certificate of registration number issued by charity commissioner.
Document for association of persons
Copy of agreement or certificate of registration number from the Registrar of Co-operative Societies or Charity Commissioner or other competent authority or any document issued by the Central or State Government mentioning the address and identity of the applicant.
Documents for persons who are not Indian citizens
Proof of Identity (any one of the following)
- Copy of OCI Card issued by Government of India
- Passport Copy of PIO Card issued by Government of India
- Copy of other National or Citizenship Identification Number or Taxpayer Identification Number (TIN) attested by the applicable Apostille, High Commission or Indian Embassy or Indian Consulate where the applicant is based Is.
Proof of Address (any one of the following)
- Copy of OCI card issued by Government of India
- Copy of bank statement of the country of residence
- Copy of PIO card issued by Government of India
- Copy of passport Resident certificate or residential permit
- Copy of other national or citizenship identification number or Taxpayer Identification Number (TIN) Attested by the High Commission or Indian Embassy or Indian Consulate where the applicant is based.
- Copy of Registration Certificate issued by FRO Copy of NRE bank statement in India Copy of Visa granted and appointment letter from an Indian company.
Apply PAN Card Online
To apply for a PAN (Permanent Account Number) card online in India, you will need to follow these steps:
Pan Card Apply Online- Go to the official website of the Income Tax Department of India for PAN Card Apply: https://incometaxindia.gov.in/Pages/tax-services/apply-for-pan.aspx
- OR, https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html
- OR, https://www.pan.utiitsl.com/
- OR Apply PAN Card from UMANG at this url- https://web.umang.gov.in/landing/department/my-pan.html
- Click on the "Apply for New PAN" link under the "Quick Links" section on the right side of the page.
- Select the "Application Type" as "Individual" and click on the "Continue" button.
- Fill in the required personal details, including your name, date of birth, email address, and mobile number.
- Upload the required documents, including a copy of your identity proof (such as a passport or voter ID card) and a copy of your address proof (such as a utility bill or bank statement).
- Pay the fee using a credit card, debit card, or net banking.
- Review the details you have entered, and if everything is correct, click on the "Submit" button.
Once your application has been successfully submitted, you will receive a confirmation email and SMS. You can track the status of your application on the website using your PAN application number. It usually takes around 15-20 days for the PAN card to be delivered to your registered address.
How to Apply for PAN Card - Offline?
To apply for a PAN (Permanent Account Number) card offline in India, you can follow these steps:
- Download and print the PAN application form (Form 49A) from the official website of the Income Tax Department: https://incometaxindia.gov.in/forms/income-taxrules/103120000000007917.pdf
- Or for Download and print the PAN application form (Form 49A) click Here
- Fill out the form accurately and legibly, making sure to provide all the required information.
- Attach any required documents, such as proof of identity, proof of address, and proof of date of birth. Acceptable documents include a passport, voter ID card, driver's license, and aadhaar card.
- Visit a PAN application center near you. You can find a list of authorized PAN centers on the official website of the Income Tax Department.
- Submit the completed form and required documents at the center along with the applicable fee. The fee for a PAN card is currently INR 107 (INR 93 for application + INR 14 for processing). The fee is slightly higher for foreign citizens.
- You will receive an acknowledgement receipt with a 15-digit application number. You can use this number to track the status of your PAN application online.
It typically takes around 15-20 days for the PAN card to be delivered to the applicant's registered address after the application has been processed.
Note: It is now also possible to apply for a PAN card online through the e-PAN service offered by the Income Tax Department. To apply online, you will need to have a valid mobile number and an email address. You can find more information on how to apply for a PAN card online on the official website of the Income Tax Department.
How to Check PAN Card Status / Track PAN Card?
There are a few different ways you can check the status of your PAN card application or track your PAN card in India:
Pan Card Track_Status Check- Online: You can check the status of your PAN card application or track your PAN card online using the PAN card tracking facility on the website of the Income Tax Department of India. To use this facility, you will need to enter your 15-digit acknowledgement number, which you will receive when you submit your PAN card application.
- SMS: You can also check the status of your PAN card application or track your PAN card by sending an SMS to the number 57575. To do this, you will need to send an SMS in the following format: "NSDLPAN " (without the quotes). For example, "NSDLPAN 123456789012345".
- Phone: You can call the PAN card call center at 020-27218080 to check the status of your PAN card application or track your PAN card. You will need to provide your acknowledgement number to the customer service representative.
- Email: You can also email the Income Tax Department at tininfo@nsdl.co.in to inquire about the status of your PAN card application or track your PAN card. You will need to provide your acknowledgement number and other relevant details in your email.
Note that it may take a few days or weeks for your PAN card to be processed and issued. It is best to wait for a few weeks before checking the status of your PAN card application or trying to track your PAN card.
Why is PAN number important?
The 2019 Union Budget proposed that if individuals do not have a PAN card, they can file their tax returns using Aadhaar card, amending the earlier rule that made PAN mandatory for income tax filing.
PAN is used to track financial transactions that are subject to taxation in India.
PAN is important because it is required for a wide range of financial transactions, including:
- Filing income tax returns: PAN is mandatory for filing income tax returns in India.
- Opening a bank account: Most banks in India require customers to provide their PAN as a proof of identification while opening a bank account.
- Purchasing property: PAN is required for purchasing property in India as it is a proof of identity.
- Making financial investments: PAN is required for making financial investments such as buying shares, mutual funds, and fixed deposits.
- Applying for loans: PAN is often required by banks and financial institutions while processing loan applications.
In short, PAN is an essential document that is widely used in India for financial transactions and identification purposes.
Common Uses of PAN Card
PAN is widely used in India for a variety of purposes, including:
- Filing income tax returns: PAN is mandatory for filing income tax returns in India.
- Opening a bank account: Most banks in India require customers to provide their PAN as a proof of identification while opening a bank account.
- Purchasing property: PAN is required for purchasing property in India as it is a proof of identity.
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