Permanent Account Number (PAN) is a mandatory registration with the Income Tax Department of India required for all person and entities that are required to pay Income Tax and perform certain high-value transactions. The Income Tax Department uses the PAN to track all compliance and filings of an Income Tax Assesse using the PAN. PAN is a 10 digit alpha-number character, issued in the form of a laminated card. Once a PAN Card is issued, no continued compliance filings are necessary and it is valid for lifetime of the entity.
PAN is now required in India for entering into many basic transaction like obtaining a telephone connection or paying more than Rs.25,000/- to hotels or restaurants. Therefore, it is recommended for all Indian Residents and Foreign Nationals staying in India for an extended period of time to obtain PAN Card. CivilIndia can help you obtain your PAN Card quickly and hassle-free.
PAN Registration Process
Frequently Ask Questions (FAQs)
PAN - Permanent Account Number:
PAN is a 10 character alpha-numeric code issued by the Income Tax Department in the form of a laminated card. The Income Tax Department uses PAN to track and manage all Income Tax Assesses.
Any Person or Entity:
Any Person or Entity can obtain a PAN. PAN can be obtained by both Indian Nationals & Foreign Nationals. PAN can also be obtained by artificial entities like Companies, LLPs, Trusts, Societies, etc.,
Once a PAN is issued, it is valid for lifetime and requires no renewal. Having a PAN also does not require continue compliance requirements like any annual filing. One person can have only one PAN.
PAN is required not only for Income Tax Filing but also for a range of basic financial transactions like selling or buying movable or immovable property, depositing cash into bank, obtaining telephone connection, etc.,
CivilIndia can help you obtain PAN hassle-free and quickly. Just send the PAN application along with the supporting documents and we will help you get your PAN quickly.
PAN can be obtained in 10-20 working days from the time of submission of application with the required documents. The application must be submitted in hard format along with self-attested copy of address and identity proof of the applicant.