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ELIGIBILITY

Required documents

ABOUT 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. This is the permanent account number which is unique to every PAN card holder. In case of change in name or address, one must apply for relevant changes, but the PAN number remains valid for life. PAN enables the department to link all transactions of the “person” with the department. These transactions include tax payments, TDS/TCS credits, returns of income/wealth/gift/ FBT, specified transactions, correspondence, and so on.

A typical PAN is AAAPS1234B (example) the significance of each character can be decoded as: The first three are alphabetic series running from AAA to ZZZ, the fourth character represents the status of the PAN holder, fifth character represents the Pan holder’s last name, the last five characters are random alphanumeric characters.

The status of the card holder falls under any of the below categories:
C — Company
P — Person
H — HUF (Hindu Undivided Family)
F — Firm
E — Limited Liability Partnership
A — Association of Persons (AOP)
T — AOP (Trust)
B — Body of Individuals (BOI)
L — Local Authority
J — Artificial Juridical Person
G — Government

ELIGIBILITY

•  Any person who has never applied for a PAN can obtain a PAN

•  Every taxpayer or persons who are required to furnish a return of income, either on behalf of self or others, must obtain PAN.

•  Person carrying the intention to enter into economic or financial transactions where in quoting of PAN is mandatory must obtain PAN.

•  Even non-resident, minor, lunatic, idiot, and court of wards and any other such persons can obtain PAN through Representative Assessees.

•  The Assessing Officer may allot PAN to any person either on his own or on a specific request from such person.

Required Documents

(i) Proof of identity :—

  • Copy of Passport; or
  • Copy of person of Indian Origin card issued by the Government of India; or
  • Copy of Overseas Citizenship of India Card issued by Government of India; or
  • Copy of other national or citizenship Identification Number or Taxpayer Identification Number duly attested by "Apostille" (in respect of countries which are signatories to the Hague Apostille Convention of 1961) or by Indian embassy or High Commission or Consulate in the country where the applicant is located or authorised officials of overseas branches of Scheduled Banks registered in India.

(ii) Proof of address:—

  • Copy of Passport; or
  • Copy of person of Indian Origin card issued by the Government of India; or
  • Copy of Overseas Citizenship of India Card issued by Government of India; or
  • Copy of other national or citizenship Identification Number or Taxpayer Identification Number duly attested by "Apostille" (in respect of countries which are signatories to the Hague Apostille Convention of 1961) or by Indian embassy or High Commission or Consulate in the country where the applicant is located or authorised officials of overseas branches of Scheduled Banks registered in India; or
  • Copy of bank account statement in the country of residence; or
  • Copy of Non-resident External bank account statement in India; or
  • Copy of certificate of residence in India or Residential permit issued by the State Police Authority; or
  • Copy of the registration certificate issued by the Foreigner's Registration Office showing Indian address; or copy of Visa granted and copy of appointment letter or contract from Indian Company and Certificate (in original) of Indian Address issued by the employer.
HELP

HELP

A person is required to quote his PAN Card while executing many transactions in India, for example opening NRO bank account, investment in shares, mutual funds, filing return of income, property deals, vehicle deals, investment in bank FD's.

Section 139A(5B) of the Indian income tax act requires banks in India to mandatorily quote the permanent account number (PAN) in the TDS certificate.

Central Board of Direct tax has sent a circular on May 13, 2011, stating that from the financial year 2011-2012, all Forms 16A will be generated online and address of delivery will be captured on the address on your PAN card application form. If you don't have a PAN Card, it could result in the following:

  1. Non receipt of Form 16A
  2. Non Issuance of Form 16A

Also, with the introduction of Section 206AA (w.e.f 1st April 2010), In case if any person is not holding the PAN Card, the rate at which the Tax be deducted shall be higher of

  1. 20% or
  2. Rate of TDS actually to be deducted i.e. 10% (DTAA rate for Interest Income in certain countries) or 15% (certain Short Term Capital Gains) or 30% (other Incomes) etc.

No, it's not mandatory but in view of above it is advisable for Non Residents to obtain Permanent Account Number.

While PAN numbers are used for tax filing, the PAN card is not. The PAN card is just a physical representation of the PAN. You can provide photocopies of the PAN for various purposes rather than give the original.

An Apostille Certificate is an official certificate issued to documents so they will be recognised in member states without further Legalization. Once a document has had an Apostille Certificate attached to it confirming the authenticity of signatures and seals it can be presented to any country which recognizes the Apostille.

You are only required to get your proof of address Apostille, if you are holding a foreign passport and don't have OCI/PIO card or a NRI bank account.

Yes, application for fresh allotment of PAN can be made through Finmart. Further, requests for changes or correction in PAN data or request for new PAN card (for an existing PAN) may also be made through Finmart.

  • Individual applicants will need one recent, coloured photograph (Stamp Size)
  • Document must be supplied as proof of 'Identity' ‘Birth' and 'Address'

Yes. It is mandatory to submit Proof of Date of Birth as a mandatory document for new PAN Card, Changes/Correction in PAN Card and Re-issue of Lost/Damaged PAN Card.

A photograph is compulsory only in case of 'Individual' applicants.

Affix your photograph on both top corners of the application form, Sign/Left Thumb impression ( MANDATORILY in black ink ) across this photo on the left hand side of the form and Sign/Left Thumb impression ( MANDATORILY in black ink ) within the box provided in the right hand side of the form. After completion of affixing photo and Sign/Left Thumb on the application form attach photocopies of supporting documents (proof of identity, proof of address, etc) and send it to FINMART.

The user gets continuous updates from FINMART at each stage of its application processing. Hence there are very rare chances that the user will have to worry regarding his application status. In exceptional cases, the user can reach to Finmart through the unique dashboard facility provided to the user.

As this is a Government process, quoting a guaranteed time frame is difficult. However from the past experience, we notice that it takes between 15 to 20 days.

Our adviser understands your case in depth and provides you requisite forms and advises you on what documents are required to be provided and help you fill the forms. You send these documents to us which will be checked thoroughly by our expert staff for errors and coordinate with you for corrections. We then submit your documents to the PAN centre. A copy of acknowledgment receipt is sent to you, along with an option of tracking the status of the same on your dashboard where you can track your case status online. Simultaneously, we keep following-up with the department so that your case is processed on an expedited basis.

Unfortunately, the Govt of India does not offer an urgent service to NRIs. However, checking records of NRIs takes minimum time of 15-20 days. Still, we will try to get your processing done on an expedited basis.

An applicant only pays taxes in India if he/she makes money in India. If you do not make money in India then you don't pay taxes here. Having a PAN does not necessarily means that you need to pay taxes. You only pay, if you accrue income in India.

No you don't. Once you have a PAN, its good forever.

No. You do not have to pay any such fee.


LOST/DAMAGED/CHANGES IN PAN CARD

  • Lost the Pan Card
  • Damaged the Pan Card
  • Wants to change from old to new tamper proof PAN card.

You have to submit the following documents with the application form:

  • Two Passport size photographs
  • Proof of Issuance of PAN card (POP) 
This application should be used when PAN has already been allotted, but when data associated with the PAN (e.g. name of applicant / father's name / date of birth / address) is required to be updated in records of ITD. A new PAN card bearing the same PAN but updated information is issued to applicant.

One should make an application when he/she wants to make some changes or corrections in their existing PAN details such as:

  • Change in applicant name, on account of marriage or due to spelling mistake
  • Change in father's name
  • Change in date of birth
When you have a PAN but have not received your PAN card or lost your PAN card, then you are just a click away from getting your PAN card. Finmart understands the hassles that are involved in obtaining an updated PAN card or getting a new pan card in case of lost pan card. Hence the user merely has to drop in the application on FINMART, submit the asked documents and leave the rest of the formalities on FINMART.
PAN as the name suggests, is a permanent number and does not change during lifetime of PAN holder. Changing the address or city, though, may change the Assessing Officer. Such changes must, therefore require correction in PAN databases of the Income Tax department. These requests will have to be made in'Request for New PAN Card Or/And Changes In PAN Data'
  • Two Passport size photographs
  • Proof of Identity (POI) 
  •  Proof of Date Of Birth (POD)
  • Proof of Address (POA)
  • Proof of Change of Name (POC) 
  • Proof of Issuance of PAN card (POP) 

Apart from the documents which are required in case of application of PAN Card, the following supporting documents are required for changes in PAN data:

Sr. No.

Case / applicant type

Document acceptable

1

Change in name: change of name on account of marriage

Any one of
a)Marriage certificate 
b)Marriage invitation card 
c)Publication of name change in official gazette 
d)Copy of passport showing husband’s name

2

Change in name: Individual applicants - change of name on account of reasons other than marriage.

Publication of name change in official gazette.

3

Change in father's name

Publication of name change in official gazette.

4

Change in name: Companies

Registrar of Companies’ certificate for name change.

5

Change in name: Partnership firms

Revised Partnership Deed.

6

Change in name: AOP / Trust / BOI / AJP

Revised registration certificate / deed or agreement as applicable.

7

Change in date of birth: Individuals

Relevant proof of identity having correct date of birth.

8

Change in date of incorporation/agreement/partnership or trust deed/formation of BOI/AOP

Relevant proof of identity having correct date of incorporation/agreement/partnership or trust deed/formation of BOI/AOP

PAN as the name suggests, is a permanent number and does not change during lifetime of PAN holder. Changing the address or city, though, may change the Assessing Officer. Such changes must, therefore require correction in PAN databases of the Income Tax department. These requests will have to be made in'Request for New PAN Card Or/And Changes In PAN Data'

Any one of the following documents can be submitted as Proof of PAN card:

  • Photocopy of PAN card
  • Photocopy of PAN allotment letter

If any of the above proofs of PAN card is not available, then also the application will be accepted on a 'Good Effort' basis.

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