How To Apply for PAN Card: A PAN card is a requirement for all Indian citizens. PAN cards are national documents of India (for citizens of India), just like voter identification cards, Aadhar cards, etc. PAN cards are useful for numerous important functions.
How To Apply for PAN Card
PAN stands for “Permanent Account Number,” and the Indian government’s income tax division is in charge of it. Every citizen who is a taxpayer receives a 10-digit (alphanumeric) unique number from the IT department. The PAN card contains all of a person’s essential information, including name, number, portrait, and date of birth.
What details are linked to the PAN card?
The PAN card maintains a record of a person’s financial actions. It contains all the essential details, like name, DOB, phone number, and other information. Since it is fully unaffected by any changes in address or job description, it has lifetime validity.
What types of PAN cards are there?
PAN cards are available in a variety of forms and serve different purposes.
- PAN cards for organizations and companies
- Cooperative Society and Trust PAN Card
- Individual taxpayer PAN card
- PAN card for partnerships or business units
Who is eligible to get a PAN card?
Indian people must fit into specific categories in order to qualify for a PAN card under the Income Tax Act.
- Business owners or professionals who work for themselves and make at least Rs. 5 lakh a year are eligible.
- People who have to pay taxes or already do pay them
- People who buy and sell goods from other countries
- Groups, companies, and trusts that have been
Applying for a PAN card is open to NRIs (Non-Resident Indians), PIOs (Persons of Indian Origin), OCIs (Overseas Citizens of India), cardholders, and foreigners who are covered by the Income Tax Act of 1961. Parents can also apply for a PAN card on behalf of their minor children.
Where can a PAN card be used?
PAN cards can be used for a variety of things in addition to the primary function of filing income tax returns, such as identification verification, tax returns, tax claims, opening a bank account for real estate, obtaining a loan, fixed deposits, buying goods and services, foreign exchange, and more.
How to apply for a PAN card?
There are both online and offline ways to apply for a PAN card.
Go to the NSDL or UTIITSL official websites, then look for and pick the PAN application form. Fill out the form completely, and then send it along with the requested (listed or asked) documents and a passport-size photo. Your PAN card will be delivered to your registered address within 15 days after you pay the necessary cost.
Using Offline Method:
Visit the nearby PAN center and complete the PAN application form with the necessary information and two passport-sized photos. Put the application in now. Within 15 days, your registered address will receive your PAN card.