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Documents Required for New PAN Card

Doocuments2What Is PAN?

The Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by an Assessing Officer of the Income Tax Department.

Is it necessary to have a PAN?

It is mandatory to quote PAN on return of income, all correspondence with any income tax authority and challans for any payments due to Income Tax Department.

It is also compulsory to quote PAN in all documents pertaining to economic or financial transactions notified from time-to-time by the Central Board of Direct Taxes.

Some such transactions are sale and purchase of immovable property or motor vehicle or payments to hotels for bills or payments in cash in connections with travel to any foreign country of amounts exceeding Rs 25,000.

It is also mandatory to mention PAN for obtaining a telephone or cellular telephone connection.

Likewise, PAN has to be mentioned for making a time deposit exceeding Rs. 50,000 with a bank or post office or depositing cash of Rs 50,000 in a bank.

It is statutory responsibility of a person receiving document relating to economic or financial transactions notified by the CBDT to ensure that PAN has been duly quoted in the document.

All existing assesses or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN. Some such persons are Individuals, Companies, Partnership Firms, HUFs, Trusts or Representative assesses.

Can you have more than one PAN?

Obtaining or possessing more than one PAN is against the law.

Individual and HUF Applicants who are citizens of India and located within India at the time of application for PAN:
Copy of any one of the following will serve as a proof of address:

  1. Electricity bill*
  2. Telephone bill*
  3. Depository account statement*
  4. Credit card statement*
  5. Bank account statement*
  6. Rent receipt*
  7. Employer certificate*
  8. Ration card
  9. Passport
  10. Voter’s identity card
  11. Property tax assessment order
  12. Driving license
  13. Certificate of address signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazetted Officer.

Note:

  • *For serial numbers 1 to 7, proof of address should not be more than six months old from the date of application.
  • Document being submitted should be in the full name of the applicant as mentioned in the PAN application.
  • In case the PAN applicant is a minor, any of above documents of any of the parents or guardian of such minor shall serve as proof of address.
  • In case PAN application is made on behalf of a HUF, any of above documents in respect of Karta of the HUF will serve as proof of address.
  • It is mandatory for individuals and HUF to mention their residential address on the PAN application and to submit valid proof of the same.

Citizen of India located outside India at the time of application for PAN Copy of any one of the following will serve as a proof of address:

  • Passport
  • Bank account statement in country of residence
  • NRE bank account statement**

Foreign Citizen located in India at the time of application for PAN
Copy of any one of the following will serve as a proof of address:

  • Passport
  • Bank account statement in India
  • Residential permit issued by the State Police Authorities
  • Registration certificate issued by the Foreigner’s Registration Officer
  • Person of Indian Origin (PIO) card issued by Government of India
  • NRE bank account statement**
  • Visa application to Indian authorities & Visa granted & appointment letter/contract from Indian Company & Certificate (in original) of address in India of applicant issued by authorized signatory of employer on employer’s letter head mentioning the PAN of the employer & copy of PAN card for the PAN mentioned in the employer’s certificate***

Foreign Citizen located outside India at the time of application for PAN Copy of any one of the following will serve as a proof of address:

  • Passport
  • Other National ID attested by Indian Embassy/Consulate/High Commission/Apostille
  • Bank account statement in country of residence, duly attested by Indian Embassy/High Commission / Consulate / Apostille in the country where applicant is located
  • Person of Indian Origin (PIO) card issued by Government of India
  • NRE bank account statement**

Note:

** showing at least two customer induced transactions in last six months period and duly attested by Indian Embassy / Consular office / High commission or Apostille or by the manager of the bank in which the account is held. The applicant may be a joint holder.
*** In case ‘Office Address’ is mentioned in application made by foreign citizens based in India, then it is mandatory to provide all five documents mentioned above as proof for office address.

For Applying Click Here [Website 1]

For Applying Click Here [Website 2]

Instructions for filling form 49A Click Here

Documents Required for New PAN Card Reviewed by Sartaj Husain on Sunday, May 01, 2011 Rating: 5

1 comment:

  1. Thanks for sharing the informative post on Pan Card. Really helpful and beneficial.
    New Pan Card Application Form

    ReplyDelete

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