What is a PAN?
PAN Stands for Permanent Account number. Pan Card is a ten-digit alphanumeric number issued by the income tax department. The first five digits are alphabetic, the next four digits are numbers the last digit is alphabetic. Ex AAAPA1111A
What are the Advantages of holding a PAN?
PAN Allows the income tax department to link all financial transactions of the assessee to the department. These transactions are like opening a banks account, applying for goods and services.
How long does it take to get a PAN card now?
A New Application e-PAN Card sends to the given email id in the application in 5 working days. Physical PAN card sends to the communication address in speed post or courier in 10 to 15 working days.
Changes, Correction, Lost, damaged, duplicate, Replacement PAN Card e-PAN sends to given email id (Soft Copy) in the application 10 working days. Physical PAN card sends to the communication address in speed post or courier in 15 to 25 working days.
About PAN Card
- Some cases will take more than the specified time due to rejection or changes in the details in the PAN database done by Officials in which we do not have control.
- In cases you are holding PAN Card then applied in a new application PAN application not approved.
- As per provisions of Section 272B of the Income Tax Act., 1961, a penalty of ₹ 10,000 can be levied on possession of more than one PAN.
Permanent Account Number (PAN) was introduced by the Indian Income Tax Department to help easy retrieval of information and matching information about a taxpayers investment, payment of taxes, raising of loans, assessment, tax demand, tax arrears etc.
The Permanent Account Number (PAN) is unique, national, and permanent. It is unaffected by a change of address, even between states in India.
As a universal identification key, the PAN helps to check all financial transactions of high net worth people and thereby indirectly prevent tax evasion.
Pan Card is issued by the Indian Income Tax Department under the supervision of the Central Board for Direct Taxes and is almost equal to a national identification number. It also serves as an important ID proof.
From 1 January 2005, it has been made mandatory to quote the Permanent Account Number (PAN) on challans for any payments due to Income Tax Department. It is also compulsory to quote PAN in all documents about most financial transactions.
What contains in the PAN card?
PAN card contains information such as Photo, Date of birth for age proof and also complies with the Know Your Customer (KYC) guidelines. PAN card details are as follows:
- Name of the cardholder – Individual/ Company
- Name of the father of the cardholder – Applicable for individual cardholders.
- Date of birth – the cardholder’s date of birth in case of an individual or date of registration is mentioned in case of company or firm.
- PAN Number – It is a 10 letter alphanumeric number and each character represents distinct information of the cardholder.
- The first three letters – are wholly indexed and contain three-letter of the alphabet from A to Z.
- The fourth letter – represents the class of the taxpayer.
The various entities and their respective characters are as follows:
- A – Association of Persons
- B – Body of Individuals
- C – Company
- F – Firms
- G – Government
- H – Hindu Undivided Family
- L – Local Authority
- J – Artificial Judicial Person
- P – Individual
- T – Association of Persons for a Trust
Why PAN Card is Needed and benefit?
- The fifth letter – the fifth letter is the first letter of the individual’s sur name
- Remaining letters – remaining characters are random. The first 4 figures are numbers while the last one is an alphabet.
- Signature of the individual – PAN Card also acts as proof of the individual’s signature required for business transactions.
- Photograph of the individual – PAN acts as a photo identity proof of the individual. In the case of Minor PAN, companies and firms, no photograph is present on the PAN card.
Useful for income tax filing, getting GST Registration, Opening a Bank account and demat account, Buying or selling movable or immovalble property above speicfied limit by government, To start a business, Tax Deduction.
Who Can Hold a PAN Card?
Following entities can have a PAN card:
Does anyone apply for a PAN CARD?
Yes. We are summaries you for a better understanding.
Individual - Any individual Resident of India having a valid aadhaar card copy can apply for a new pan card form called 49A. Based on the aadhaar address your pan will be delivered in case your present address differs from aadhaar we need one more supporting document to process the same. Acceptable supporting documents are a Driving licence, voter id, passport, Bank statement, ration card, Credit card bill, telephone bill postpaid connection. etc ( anyone documents only required)
Minor PAN Card. Individual Pan card issued to less than 18 years old than that is known as minor PAN card. Note for minor pan cardholder. You do not have a photo in your pan card in that photo space printed as minor as soon as you after 18 years you can update the same by Online Application for Changes Or Correction in PAN Data (PAN Change Request Form)
In case of PAN Have been issued earlier than should go for Online Application for Changes Or Correction in PAN Data (PAN Change Request Form)
Please note As per provisions of Section 272B of the Income Tax Act., 1961, a penalty of ₹ 10,000 can be levied on possession of more than one PAN.
New PAN Card
Aadhaar is mandatory for New PAN
If you are an individual resident of india applying in form 49A, Aadhaar card copy is mandatory
What will be the option if i do not have Aadhaar Card
You have to apply aahdaar by entrolling in UIDAI
to apply Aadhaar
Only Year of birth available in Aadhaar card is it ok to process
No. You should Provide some vaild Date of birth proof which has correct date of birth and year of birth should match with aadhaar card
like Driving licence, voter id, Passport, Transfer certificate, Marksheet, Brith certificate,etc.
Yes. If your age is above 60 years. No addtional date of birth proof required, Even in aadhaar only year of birth its ok to process
Address Proof can I provide other than Aadhaar?
Yes. You can provide other than aadhaar copy for address purpose only
Correction / Changes / Lost / Damaged PAN Card
Application for Changes Or Correction.
To correct the name of an applicant, the Father name of the applicant or the Date of birth Aadhaar copy is mandatory
Father Name Changes Or Correction.
When you need to change or correct father name must produce one of the following documents
2.Voters ID Card
4. Transfer cerificate or birth certificate
Business PAN Card
Hindu Undivided Family (HUF) PAN Card
HUF Deed copy and Marriage certificate and Karta. Pan and aadhaar copy of Karta and mobile number and email ID
Company PAN Card
In the case of a limited company, Private limited company, Limited liability partnership or Once person company Certificate of incorporation is mandatory. Generally, PAN is issued while register for a company Expect Limited liability partnership (LLP). The only drawback is You do not get a physical card. But no issued e-PAN is equally valid as a physical card. if you still looking for a physical card Pancard apply online will help you regarding this.
Partnership firm PAN card
A partnership deed is mandatory to apply for Partnership PAN and one of the partners have to sign on the PAN form 49A.
Trust PAN Card
Trust deed is mandatory to apply for Trust PAN and one of the authorised signatories have to sign on the PAN form 49A.
Society Pan card
Society registration certificate and Deed or bylaws are mandatory to apply for it. one signatory has to sign on the PAN card application.
Other Catagory PAN Cards
Body of individuals pan card, local authority pan card artificial juridical persons pan card, an association of person pan card. Deed copy and bylaws if an applicable and authorised person has to sign on the form
Please note email and mobile number is mandatory. Are you asking why? You will receive the e-PAN card in email and update message received in mobile number.
Note for you e-PAN will be password protected password will be your Date of birth or date of incorporation.
1. Passport OCI and Bank statement latest month are mandatory to apply for a PAN. They have to use the Form 49AA
. Application for Allotment of Permanent Account Number [Individuals not being a Citizen of India/Entities incorporated outside India/ Unincorporated entities formed outside India]. Documents requirement is Copy of passport, or
2. Copy of Person of Indian Origin (PIO) card issued by Government of India, or
3. Copy of Overseas Citizen of India (OCI) card issued by Government of India and 4. Copy of Bank account statement in the country of residence latest one month
Can I Change citizenship in PAN Card
There is no option given to change the citizenship in the CSF_Form
Request For New PAN Card Or/And Changes Or Correction in PAN Data
For other than Individuals- NRI Catagory
1. Copy of Certificate of Registration issued in the country where the applicant is located, duly attested by “Apostille” (in respect of the countries which are signatories to the Hague Convention of 1961) or by the 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
2. Copy of registration certificate issued in India or of approval granted to set up an office in India by Indian Authorities.
Instant PAN Card Apply Online
The Instant e-PAN service is available to all Individual taxpayers, who have not been allotted a Permanent Account Number (PAN) but possess Aadhaar. This is a pre-login service
A.Obtain digitally signed PAN in electronic format, free of cost, with the help of Aadhaar and your mobile number linked with Aadhaar,
B.Update PAN details as per Aadhaar e-KYC,
C.Create e-Filing account based on e-KYC details after allotment / updation of PAN, and
D.Check status of pending e-PAN request / Download e-PAN either before or after logging in to the e-Filing portal.
2. Prerequisites for availing this service
Individual who has not been allotted a PAN
Valid Aadhaar and mobile number linked to Aadhaar
User not a minor as on date of request; and
User not covered under the definition of Representative Assessee u/s 160 of the Income Tax Act.
3. Step-by-Step Guide
Generate New e-PAN
Step 1: Go to the e-Filing portal homepage, click Instant e-PAN.
Step 2: On the e-PAN page, click Get New e-PAN.
Step 3: On the Get New e-PAN page, enter your 12-digit Aadhaar number, select the I confirm that checkbox and click Continue.
If the Aadhaar is already linked to a valid PAN, the following message is displayed - Entered Aadhaar Number is already linked with a PAN.
If the Aadhaar is not linked with any mobile number, the following message is displayed - Entered Aadhaar Number is not linked with any active mobile number.
Step 4: On the OTP validation page, click I have read the consent terms and agree to proceed further. Click Continue.
Step 5: On the OTP validation page, enter the 6-digit OTP received on the mobile number linked with Aadhaar, select the checkbox to validate the Aadhaar details with UIDAI and click Continue.
OTP will be valid for 15 minutes only.
You have 3 attempts to enter the correct OTP.
The OTP expiry countdown timer on screen tells you when the OTP will expire.
On clicking Resend OTP, a new OTP will be generated and sent.
Step 6: On the Validate Aadhaar Details page, select the I Accept that checkbox and click Continue.
Linking / Validating email ID (registered with your Aadhaar) is optional.
If you have updated your email ID in Aadhaar but it has not been validated, click Validate Email. On the Validate Email ID page, enter the 6-digit OTP received on your mobile number linked with Aadhaar and click Continue.
If you have not updated your email ID in Aadhaar, click Link Email ID. On the Validate Email ID page, enter the 6-digit OTP received on your mobile number linked with Aadhaar and click Continue.
On successful submission, a success message is displayed along with an Acknowledgement Number. Please keep a note of the Acknowledgement ID for future reference. You will also receive a confirmation message on your mobile number linked with Aadhaar.
Dual PAN Card Cancellation
Visit the Nearby Income Tax Department website and go to the 'Surrender Duplicate PAN' option. Enter the details of the duplicate PAN number and the PAN you wish to retain as well as your details such as full name, date of birth (date of incorporation in case of companies), and contact details.
Surrender PAN Card
If you wish to cancel/ surrender your PAN (which you are currently using), then you need to visit your nearby Income Tax Assessing Officer with a request letter to cancel/ surrender your PAN.
PAN Card Status Check
Option I Track on basis of Coupon Number
Step - 1:
Step - 2:
Select " PAN-New/Change Request" from drop-down menu in "Application Type" option.
Step - 3:
Enter your Acknowledgement Number and click on "Submit" button
Option II Track on basis of Acknowledgement Number
Step - 1:
Step - 2:
Enter Application Coupon number & DOB
Step - 3:
Enter Captcha and click on "Submit" button
Option III Track on instant e PAN Card
e-PAN facility is for allotment of Instant PAN (on near-real time basis) for those applicants who possess a valid Aadhaar number. PAN is issued in PDF format to applicants, which is free of cost.
Check Status Download PAN