PROCEDURE FOR MAKING PAN CARD

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it.

It is also issued to foreign nationals.

The PAN is mandatory for a majority of financial transactions such as opening a bank account, receiving taxable salary or professional fees, sale or purchase of assets above specified limits etc.; especially high-value transactions.

One can apply for PAN by submitting the prescribed PAN application to the authorized PAN agency of the district or through online submission to NSDL along with 2 recent passport size color photographs, proof of ID, Address and Date of Birth and fee.

PRESCRIBED PAN APPLICATION FORMS

1. Following forms have been notified by Income Tax Department for submitting applications for allotment of new PAN:

 

1. FORM 49A – To be filled by Indian citizens including those who are located outside India.
2. FORM 49AA – To be filled by foreign citizens.

*The above FORMS are available at http://www.incometaxindia.gov.in/Pages/form-pan.aspx

1. Application for new PAN Card or/and Changes or Corrections in PAN Data:

 

Those who have already obtained the PAN and wish to obtain the new PAN card or want to make some changes / corrections in their PAN data, are required to submit their applications in the following form prescribed by ITD:

 

1. ‘REQUEST FOR NEW PAN CARD OR/AND CHANGES OR CORRECTION IN PAN DATA’:– The same form can be used by Indian as well as foreign citizens.A new PAN card bearing the same PAN but updated information is issued to applicant in such case.

* Physically submit the above PAN Forms to the prescribed counters authorized by Income Tax Department. Trace the status of Pan Card online through acknowledgement number at http://www.incometaxindia.gov.in

ONLINE APPLICATION FACILITY FOR OBTAINING PAN

For the net savvy users, it is very easy to make application online at the websites of NSDL e-Governance or UTIITSL. Brief process note as available on NSDL e-Gov’s TIN website is really useful. The online application in brief is as under:

1. Go to the websites of NSDL [ tin-nsdl.com ]or UTIITSL [ www.utiitsl.com ] and submit application details online (No other entity is authorized by ITD to provide online PAN application facility)
2. Submit application details online
3. Make online payment of application fee.
4. On successful submission and acknowledgement receipt is generated. Save and print the receipt, affix recent photographs over it and sign it in the space provided on the receipt.
5. Forward same to NSDL e-Gov or UTIITSL (as applicable) along with supporting documents (POI, POA, Date of Birth documents) for further processing.
6. Status of your application then can be traced online.