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Why PAN Card is important in India? Know Importants about Permanent Account Number (PAN) Card- Procedure to get PAN card

1] What Is Permanent Account Number (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.
A typical PAN is AABPS1205E.


2] Why I Need the Pan Card?

Does Pan Card is Mandatory?
It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. It is compulsory to quote PAN on return of income.
It is also compulsory to quote PAN in all documents pertaining to financial transactions notified from time-to-time by the Central Board of Direct Taxes. Some such transactions are sale and purchase of immovable property or motor vehicle or payments in cash, of amounts exceeding Rs. 25,000/-to hotels and restaurants or in connection with travel to any foreign country.
It is also mandatory to mention PAN for obtaining a telephone or cellular telephone connection.
Likewise, PAN has to be mentioned for making a time deposit exceeding Rs. 50,000/- with a Bank or Post Office or depositing cash of Rs. 50,000/- or more in a Bank.


3] 
How does Income Tax Department ensure that PAN is quoted on transactions?

It is statutory responsibility of a person receiving document relating to economic or financial transactions notified by the CBDT to ensure that PAN has been duly quoted in the document.


4]
 Who Should Must Get the Pan Card?

All existing assesses or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN.
Any person, who intends to enter into financial transaction where quoting PAN is mandatory, must also obtain PAN.
The Assessing Officer may allot PAN to any person either on his own or on a specific request from such person.


5] 
Is it legal to get the two pan card or pan numbers?

Obtaining or possessing more than one PAN is against the law.


6] 
Where should I apply to get the Pan Card?

In order to improve PAN related services, the Income Tax department has authorized UTI Investor Services Ltd (UTIISL) to set up and manage IT PAN Service Centers in all cities or towns where there is an Income Tax office
And National Securities Depository Limited (NSDL) to dispense PAN services from TIN Facilitation Centers.
For convenience of PAN applicants in big cities, UTIISL has set up more than one IT PAN Service Center and likewise there are more than one TIN Facilitation Centers.


7] 
How to apply for a PAN? Can an application for PAN be made on plain paper?

PAN application should be made only on Form 49A.
A PAN application (Form 49A) can be downloaded from the website of Income Tax department or UTIISL or NSDL

Or printed by local printers or photocopied (on A4 size 70 GSM paper) or obtained from any other source. The form is also available at IT PAN Service centers and TIN Facilitation centers.


8]
 Can I apply for pan card through Internet?

Yes, application for fresh allotment of PAN can be made through Internet. Further, requests for changes or correction in PAN data or request for new PAN card (for an existing PAN) may also be made through Internet.
For more details visit (www.tin-nsdl.com)


9] 
How do I get a PAN allotted quickly (TATKAL)?

If an application for allotment of PAN is submitted through Internet and payment made through a 'nominated' credit card, the PAN is allotted on priority and communicated through email.


10]
 How to find an IT PAN Service Center or TIN Facilitation Center?

Location of IT PAN Service Centers or TIN Facilitation Centers in any city may be obtained from local Income Tax Office or any office of UTI/UTIISL or NSDL in that city or from websites of the Income Tax department  www.incometaxindia.gov.in
UTIISL  www.utiisl.co.in
NSDL   http://tin.nsdl.com


11] 
What services are provided by these IT PAN Service Centers or TIN Facilitation Centers?

IT PAN Service Centers or TIN Facilitation Centers will supply PAN application forms (Form 49A)
And forms for 'Request for New PAN Card or/ And Changes in PAN Data',
Assist the applicant in filling up the form,
Collect filled form and issue acknowledgement slip.
After obtaining PAN from the Income Tax department,
UTIISL or NSDL as the case may be, will print the PAN card and deliver it to the applicant.


12] 
What documents and information have to be submitted along with the application of pan card or with the Form 49A ?

a. Individual applicants will have to affix one recent, coloured photograph (Stamp Size: 3.5 cms x 2.5 cms) on Form 49A;
A photograph is compulsory only in case of 'Individual' applicants.

b. Any one document listed in Rule 114 must be supplied as proof of 'Identity' and 'Address'; and

c. Designation and code of the concerned Assessing Officer of Income Tax department will have to be mentioned in Form 49A.


13] 
Which documents will serve as proof of 'Identity' regarding pan card application ?

            1          School Leaving Certificate
2          Matriculation Certificate
3          Degree of recognised educational institution
4          Depository Account Statement
5          Bank Account Statement / Passbook
6          Credit Card
7          Water Bill
8          Ration Card
9          Property Tax Assessment Order
10        Passport
11        Voter Identity Card
12        Driving License
13        Certificate of identity signed by Member of Parliament or Member of Legislative Assembly or Municipal Councillor or a Gazetted Officer.

Note :-
1. In case of Minor, any of the above mentioned documents as proof of identity and address of any of parents/guardians of such minor shall be deemed to be the proof of identity and address for the minor applicant.

2. For HUF, an affidavit made by the Karta of Hindu Undivided Family stating name, father.s name and address of all the coparceners on the date of application and copy of any of the above documents in the name of Karta of HUF is required.

3. In case of an Indian citizen residing outside India, copy of passport is required as proof of identity.


.


14] 
Which documents are required for pan card application as proof of 'Address' ?

1          Electricity Bill
2          Telephone Bill
3          Employer Certificate
4          Depository Account Statement
5          Bank Account Statement / Passbook
6          Credit Card Statement
7          Rent Receipt
8          Ration Card
9          Property Tax Assessment Order
10        Passport
11        Voter Identity Card
12        Driving License
13        Certificate of address signed by Member of Parliament or Member of Legislative Assembly or Municipal Councillor or a Gazetted Officer.

Note :-
In case of an Indian citizen residing outside India, copy of passport or copy of Bank Account Statement in country of residence or copy of Non-resident External (NRE) bank account statements.


15] Is father's name compulsory for female (including married/divorced/widow) applicants?

Only father's name is required to be filled in the PAN application (Form 49A). Female applicants, irrespective of marital status, should write only father's name in the PAN application

[I do not know mothers name will work or not I have to find about this , but currently I feel mothers name is not accepted in this matter .]


16]
 I had applied to the department but I do not know my PAN?

Please contact the Aaykar Sampark Kendra (ASK) at 0124-2438000 (or 95124-2438000 from NCR)


17] 
Income Tax Department has issued me a PAN card; can I obtain a new tamper proof PAN card?

For obtaining the tamper proof PAN card an application will have to be made in the form for 'Request for New PAN Card or/ And Changes

In PAN Data' to IT PAN Service Center or TIN Facilitation Center, in which existing PAN will have to be indicated and old PAN card surrendered.


18]
 I had applied for PAN and received PAN number but have not received the PAN Card?

Apply in the form for 'Request for New PAN Card or/ And Changes in PAN Data' at any IT PAN Service Center or TIN Facilitation Center quoting the PAN allotted to you.


19] 
How will the new PAN card be delivered to me?

The UTIISL or NSDL, as the case may be, will ensure delivery of new PAN card at the address indicated by you in the PAN application form or form for 'Request For New PAN Card Or/ And Changes In PAN Data'


20] 
Below is the list of Important Website Links Regarding Pan card –



Request for New PAN Card or / and Changes or Correction in PAN Data Form
http://www.tin-nsdl.com/downloads/Form-49A-1_110708.pdf


Find the Pan Application centre in your city 
http://www.myutitsl.co.in//intra/web/search_psa.jsp




21] 
Who should be contacted for inquiries regarding PAN applications?

For UTIISL

The Vice President
IT PAN Processing Centre,
UTI Investor Services Ltd
Plot No. 3, Sector - 11
CBD_ Belapur
Navi Mumbai-400 614
e-mail.- utiisl-gsd@mail.utiisl.co.in
Tel No. 022-27561690
Fax No. 022-27561706


For NSDL

The Vice President
Income Tax PAN Services Unit, NSDL
4th Floor, Trade World, A Wing
Kamala Mills Compound,
S. B. Marg, Lower Parel,
Mumbai-400 013
e-mail.- tininfo@nsdl.co.in
Tel No. 022-2499 4650
Fax No. 022-2495 0664


IMPORTANT NOTE:
Coupon number or Acknowledgement number, as the case may be, should be mentioned in all communications.
Pan Card will cost you Rs. 96 (Application fee Rs. 85.00 + 12.36% service tax) and for NRI it will cost Rs. 962 (Application fee Rs. 85.00 + Dispatch Charges 771.00) + 12.36% service tax)



Last Updated Date: May 26, 2012

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