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PERMANENT ACCOUNT NUMBER (PAN)

PERMANENT ACCOUNT NUMBER (PAN)


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. Pan Card/Number may be obtained by applying in the prescribed form 49 A. there are different forms prescribed for Pan Card.

Purpose of form Form number
New pan Card Application for Indians 49 A
New Pan Card for Foreigners 49AA
Change in Pan Card 49AB

NECESSARY TO HAVE PAN

  1. It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. it will be mandatory to quote PAN on challan for any payments due to Income Tax Department.?
  2. It is also compulsory to quote PAN in all documents pertaining to the following financial transactions
    • Sale or purchase of any immovable property valued at five lack rupees or more.
    • Sale or purchase of a motor vehicle.
    • A time deposit, exceeding fifty thousand rupees, with a banking company
    • A contract of a value exceeding one lack rupees for sale or purchase of securities.
    • Opening a bank account.
    • Making an application for installation of a telephone connection (including a Cellular telephone connection)
    • Payment in cash for purchase of bank drafts or pay orders or bankers cheques for aggregating fifty thousand rupees or more with a bank during any at one day.
    • Payment in cash in connection with travel to any foreign country of an amount exceeding twenty-five thousand rupees at any one time.

FOLLOWING DOCUMENTS CAN BE USED AS POI and POA

1. Proof of Identity

Copy of any one of the following will serve as a proof of identity:

  1. School leaving certificate
  2. Matriculation certificate
  3. Degree of recognized educational institution
  4. Depository account statement
  5. Valid Credit card
  6. Bank account statement
  7. Water bill
  8. Ration card
  9. property tax assessment order
  10. Passport
  11. Voter's identity card
  12. Driving license
2. Proof of Address
Copy of any one of the following will serve as a proof of address:
  1. Electricity bill
  2. Telephone bill
  3. Depository account statement
  4. Credit card statement
  5. Bank account statement
  6. Rent receipt
  7. Ration card
  8. Passport
  9. Voter's identity card
  10. Property tax assessment order
  11. Driving license
1. FOR CITIZEN OF INDIA LOCATED OUSIDE INDIA AT THE TIME OF APPLICATION FOR PAN
Proof of Identity - Copy of passport?
Proof of address
  1. Passport
  2. Bank account statement in country of residence
  3. NRE bank account statement
2. IN CASE OF FOREIGN CITIZEN LOCATED IN INDIA AT THE TIME OF APPLICATION FOR PAN Proof of Identity
  1. Copy of passport
  2. Copy of Person of Indian Origin (PIO) card issued by Government of India?
  3. Proof of address
  4. Passport Bank account statement in India
  5. Residential permit issued by the State Police Authorities
  6. Registration certificate issued by the Foreigner's Registration Officer
  7. Person of Indian Origin (PIO) card issued by Government of India
  8. NRE bank account statement
  9. Visa application to Indian authorities & Visa granted & appointment letter/contract from Indian Company & Certificate (in original) of address in India of applicant issued by authorized signatory of employer on employer's letter head mentioning the PAN of the employer & copy of PAN card for the PAN mentioned in the employer's certificate.
  10. 3. FOREIGN CITIZEN LOCATED OUTSIDE INDIA AT THE TIME OF APPLICATION FOR PAN
    Proof of Identity
    1. Copy of Passport
    2. Other National ID attested by Indian Embassy/Consulate/High Commission/Apostille?

    3. Proof of Address
    4. Passport Other National ID attested by Indian Embassy/Consulate/High Commission/Apostille
    5. Bank account statement in country of residence, duly attested by Indian Embassy/High Commission / Consulate / Apostille in the country where applicant is located ?

    HUF

    Any documents prescribed in case of individuals in respect of Karta of the HUF.

    Company

    Copy of Certificate of Registration issued by Registrar of Companies.

    Firms

    Copy of Certificate of Registration issued by Registrar of firms or Copy of Partnership deed.

    AOP(Trusts)

    Copy of trust deed or Copy of Certificate of Registration issue by Charity Commissioner.

    AOP/BOI/Local Authority/Artificial juridical Person

    Copy of agreement or Copy of Certificate of Registration  issued by Charity Commissioner or Registrar of co-operative society or any other competent authority or any other document originating from any central or state government department establishing identity & address of such person.

     

    Having no office of their own in India

     

    Proof of Identity and Address

    Copy of any of the following

     

    a) Copy of registration certificate of the respective country duly attested by Indian Embassy/ Consulate/ High Commission/ Apostille in the country where applicant is located.

     

    b)Copy of certificate of registration with the competent authority in India

     

    c)Copy of approval issued by the competent authority in India

     

    d)Copy of the accompanying documents along with the approval issued by competent authority in India

     

    e)Copy of the application (duly acknowledged) made by the applicant before the competent authority in India