PAN Card Application
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
Step 1: PAN Card Application
You can apply and PAN Card 10 to 30 days, subject to Government processing time.
Step 2: PAN Application
You will have to sign and submit an application for PAN in the provided format along with the necessary supporting documents.
Step 3: PAN Application Processing
Once your application is received, we will verify the application and process the same for issue of PAN card.
Step 4: PAN Card Dispatch
Once, the application for PAN is processed and submitted, the final verification will be done by UTI and PAN Card will be dispatched to the address mentioned.
Frequently Ask Questions (FAQs)
S.No. | Query |
---|---|
1 | What is PAN? |
PAN or Permanent Account Number is a 10 digit alpha-numeric character issued by the Income Tax Department of India. PAN is used by the Income Tax Department to track and manage all the Income Tax assesse in India. | |
2 | Why is PAN required? |
It is mandatory to quote PAN all Income Tax filing with the Income Tax Department. Further, it is important to quote PAN in all documents pertaining to financial transactions that involve the sale and purchase of immovable property or motor vehicle exceeding Rs.25,000/- Also it is mandatory to mention PAN while obtaining telephone or cellular connection. Likewise, PAN is required while making a bank deposit of Rs.50,000/- or more. Therefore, it is important for most Indian Nationals or Indian Residents to have PAN. | |
3 | Who can obtain PAN? |
Any person (including Indian Nationals and Foreign Nationals) or artificial entities like Companies, LLP, Trust, Society, etc., can obtain a PAN. | |
4 | Is there a minimum age or income requirement for obtaining PAN? |
No, there is no minimum age or income requirement for obtaining PAN. Any person can apply and obtain a PAN. | |
5 | Do I have to pay Income Tax if I have PAN? |
No, it is not mandatory to pay Income Tax if you have a PAN. Income Tax will have to be paid only if there is taxable income. | |
6 | What are the documents required for obtaining PAN? |
To obtain a PAN for individuals, a signed Form 49A along with the identity proof and address proof of the applicant is required. For other entities, proof of incorporation or registration like Partnership Deed, Certificate of Incorporation, etc., along with the address proof is required. | |
7 | How long does it take to obtain a PAN? |
PAN Card can be obtained in 10-20 working days from date of application along with the required documents. | |
8 | Can a person have two or more PAN? |
A person cannot have two PAN. It is illegal for a person to possess more than one PAN. | |
9 | Will proprietorship’s have a separate PAN Card? |
Proprietorships cannot have a separate PAN Card. The PAN of the Proprietor will serve as the PAN of the Proprietorship business. | |
10 | When can PAN be obtained for Company or LLP or other type of entities? |
PAN can be obtained for other entities after incorporation or registration. For instance, PAN can be obtained for Company or LLP after the Certificate of Incorporation is issued. |
PAN Highlights
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.,
Validity:
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.
Financial Transaction:
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.,
PAN Center:
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.
Quick Processing:
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.
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