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.
♣ Apply only in “Form 49A (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:
♠ 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.
|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|
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.
Click here for details -> Proof of Identity, Address & Date of birth for PAN/TAN application
This is a new facility initiated by the TIN NSDL for time saving and quick filing of Pan application. This facility can be used by PAN applicants having a valid Digital Signature Certificate (DSC) issued to them by authorized Certifying Authority (CA) in India. Only valid class II or III DSC will be accepted. In case of minor/lunatic/idiot applicants, DSC of the parent/guardian whose details have been furnished as Representative Assessee in the application should be used for digitally signing the application.
For DSC based application, applicant is not required to send any physical document to NSDL e-Gov.
This facility is for allotment of Instant PAN (on near-real time basis) for those applicants who possess a valid Aadhaar number. PAN is issued in PDF format to applicants, which is free of cost.
The applicant is required to type in her/his valid Aadhaar number and submit the OTP generated on the registered mobile number. Once the process is complete, a 15-digit acknowledgment number is generated. Once request is submitted, the applicant can check the status of the request at any time by providing her/his valid Aadhaar number and on successful allotment can download the PAN. The applicant will also receive a copy of the PAN in the e-mail id registered with the Aadhaar database.
The relevant link is as under: http://www.incometaxindiaefiling.gov.in/e-PAN/index.html?lang=eng
Disclaimer: The contents of this article are for information purposes only and does not constitute advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer to relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up. The possibility of other views on the subject matter cannot be ruled out. By the use of the said information, you agree that Author / TaxGuru is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof. This is not any kind of advertisement or solicitation of work by a professional.
(Republished with Amendments by Team Taxguru