There is no minimum age limit to apply for a PAN card in India. This means that even minors can apply for a PAN card. However, there are some documents that are required for a minor to apply for a PAN card, such as:
- Birth certificate of the minor
- Identity proof of the parent or guardian, such as Aadhaar card, passport, or driver’s license
- Address proof of the parent or guardian, such as Aadhaar card, voter ID card, or bank statement
The application for a PAN card for a minor can be done online or offline. The online application can be made through the website of the Income Tax Department. The offline application can be made by submitting the application form, along with the required documents, to any PAN card issuing center.
Once the application is processed, the PAN card will be issued to the minor. The PAN card will be valid for a period of 10 years.
Here are some of the benefits of having a PAN card for a minor:
- It can be used as a proof of identity and address for various financial transactions, such as opening a bank account, buying a mutual fund, or investing in shares.
- It is mandatory to provide a PAN card if a minor is a nominee for a property or other investment.
- It can be used to file income tax returns.