All India UNIQUE 10 Alphanumeric Number allotted by the Income Tax Department.
PERMANENT ACCOUNT NUMBER which does not change with change of address or station or change of Assessing Officer, etc.
PAN is needed for
* an Income Tax assessee, or
* any person carrying on business or profession whose total
sales or turnover or gross receipt exceeds T 5 lakhs, or
* a trust
* Any other person who needs a Permanent Account Number (PAN) can also apply.
How to Apply ?
♣ Apply only in “Form 49R (in the case of Indian Citizen/Indian Companies/Entities incorporated in India/Unincorporated entities formed in India) or “Form 49AA” (in the case of an individual not being a citizen of India/Entities incorporated outside India/Unincorporated entities formed outside India) which you can download from www.incometaxindia.gov.in or www.tin-nsdl.com or https://www.utiitsl.com
♣ Obtain the location of the Centres in any city from the websites of the Income Tax Department or UTIITSL or NSDL
♣ You can apply online through websites of Income Tax Department or UTIITSL or NSDL
♣ You can pay the processing fee by Net-banking or Credit/Debit Card or Cheque or Demand Draft or by Cash (except for online application)
♣ You can also trackstatus of your PAN application online
♣ Mandatory Fields in PAN application form:
Events to be reported to the Assessing Officer
♠ For payment of Direct Taxes
♠ To file Income Tax Returns
♠ To avoid deduction of tax at higher rate by the Deductors
♠ To enter into specific transactions such as:
(a) sale or purchase of any immovable property valued at five lakh rupees or more;
(b) sale or purchase of a motor vehicle or vehicle other than two wheeler;
(c) payment to hotels and restaurants against their bills for an amount exceeding twenty-five thousand rupees at any one time;
(d) payment in cash in connection with travel to any foreign country of an amount exceeding twenty-five thousand rupees at any one time;
(e) payment of an amount of fifty thousand or more to RBI for acquiring Bonds;
(f) payment of an amount of fifty thousand or more to Company or Institution for acquiring Bonds or Debentures;
(g) payment of an amount of fifty thousand or more to Company for acquiring Shares;
(h) payment of an amount of fifty thousand or more to Mutual Fund for purchase of its units;
(i) a time deposit, exceeding fifty thousand rupees, with a banking company;
(j) Payment exceeding five lakh rupees for purchase of bullion and jewellery.
(k) other transactions as per Rule 114B.
Forms for applicant of PAN
|Form 49A||Form 49AA|
|Individual who is a citizen of India||Individuals not being a citizen of India|
|Hindu Undivided Families||LLP Registered outside India|
|Companies registered in India||Company registered outside India|
|Firm including LLP formed or registered in India||Firm formed or registered outside India|
|Association of Persons Body of Individuals formed or Registered in India||Associates of persons (Trusts) formed outside India|
|Local Authority or artificial juridical person|
|Association of persons (other than Trusts) or body of individuals or local authority or person formed or any other entity (by whatever name called) registered outside India|
Know Your PAN
Apply for a fresh PAN in case of :
Reprint of PAN card or Changes? Correction in PAN details
How will PAN be communicated?
Can a person hold more than one PAN?
No. A person can have only one PAN. If a PAN has already been allotted, it is illegal to apply and possess another PAN. If you have more than one PAN you are required to intimate the concerned Assessing Officer.
Documents required in respect of Form 49A for Proof of Identity, Address & Date of Birth
Click here for details -> Employee / Bank Certificate, Aadhaar for PAN / TAN , Revised Form 49A, 49AA