PAN is an electronic process through which all tax-related data for a person/company is documented against a single PAN figure. This functions as the fundamental key for the depository of data and is distributed across the country. Therefore, no two tax-paying citizens can have the exact PAN.
Who all are eligible to apply?
PAN Card is administered to individuals, companies, non-resident Indians, or anyone who pays tariffs in India.
Why is the PAN Card required?
PAN is a remarkable identification alphanumeric code that facilitates each tax-paying citizens of India with the following:
Identity Proof
Address Proof
Mandatory for Filing Taxes
Enrollment of Business
Economic transactions
Eligibility to open and regulate Bank Accounts
Phone Connection
Gas Connection
Mutual Fund — PAN is useful to conduct e-KYC for mutual fund undertakings.
What are the documents required?
The documents required for the application are as follows:
Passport size photograph of the applicant.
Identity proof.
Residential Address proof of the applicant where they are presently residing.
Demand Draft, in case the applicant wishes to make payment through DD.
How to apply for a PAN Card online?
The first step for PAN card form is to visit either the UTIISL website or TIN NSDL and then click on the choice for ‘New PAN.’
Then select the Form 49A that is accessible for the Indian Citizens. This comprises NRE, NRI, and OCL individuals also.
After that, the applicant must fill in all the desired facts that are asked in the form. These private details include the name of the applicants’ residential address, his birth date, the gender of the applicant, telephone numbers, facts regarding the earnings of the individual, etc.
Once the details have been filled in the form, the applicant figures provide the structure and expend a small amount of currency in the way processing payment.
Then an acceptable print out of the form must be taken along with an acknowledgement digit. This number contains 15 figuress.
After that, the applicant must put their signature in the area capitalized.
Then the applicant can attach specific documents (mentioned above) on the 15-digit acknowledgement furnished to him
When they successfully submitted the PAN card application online, they must send the papers cited above to the department of the NSDL through the post within the next 15 days.
And lastly, if every point is conformed to in the precise order, the applicant will obtain the PAN card via the post within the next 15 working days.
How to apply for PAN Card offline?
If you ever asked yourself, “how to apply for a PAN Card at a pan card office near me?” Here are a few steps to help you out:
You can go to NSDL or UTIISL websites where PAN card form is assigned to be downloaded, or a copy can be obtained from agents of UTIISL at the pan card office near you.
Once the form is downloaded next, fill all the required details in it and affix documents with it. Photograph of the applicant, address proof, and proof of identity are required to be attached with the form.
The form, with documents, is expected to be submitted to the NSDL office. The processing expense is also likely to be paid while submitting the way, and it is cited in the NSDL website.
It takes 15 days to obtain a PAN card on the address proof, which is affixed with the form.