Frequently Asked Questions :
Ans : Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application.
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. PAN, thus, acts as an identifier for the “person” with the tax department.
PAN was introduced to facilitates linking of various documents, including payment of taxes, assessment, tax demand, tax arrears etc. relating to an assesse to facilitate easy retrieval of information and to facilitate matching of information relating to
investment, raising of loans and other business activities of taxpayers collected through various sources, both internal as well as external, for detecting and combating tax evasion and widening of tax base.
A typical PAN is AFZPK7190K.
First three characters i.e. “AFZ” in the above PAN are alphabetic series running from AAA to ZZZ. Fourth character of PAN i.e. “P” in the above PAN represents the status of the PAN holder. “P” stands for Individual, “F” stands for Firm, “C” stands for Company, “H” stands for HUF, “A” stands for AOP, “T” stands for TRUST etc.
Fifth character i.e. “K” in the above PAN represents first character of the PAN holder’s last name/surname. Next four characters i.e. “7190” in the above PAN are sequential number running from 0001 to 9999. Last character i.e. “K” in the above PAN is an alphabetic check digit.
Ans : Furnishing PAN will be mandatory from 01st January for:
• Cash transactions such as hotel or foreign travel bills exceeding Rs 50,000.
• All transactions including purchase of jewellery, above Rs 2 lakhs in cash or through card.
• Purchase of immovable property of over Rs 10 lakh.
• Term deposits exceeding Rs 50,000 at one go or Rs 5 lakh in a year with banks, Post Offices and NBFCs.
• Payments of more than Rs 50,000 for cash cards or prepaid instruments.
• Acquiring shares of unlisted companies for Rs 1 lakh and above.
• Opening all bank accounts except Pradhan Mantri Jan Dhan Yojana accounts.
• Cash transactions such as hotel or foreign travel bills exceeding Rs 50,000.
• All transactions including purchase of jewellery, above Rs 2 lakhs in cash or through card.
• Purchase of immovable property of over Rs 10 lakh.
• Term deposits exceeding Rs 50,000 at one go or Rs 5 lakh in a year with banks, Post Offices and NBFCs.
• Payments of more than Rs 50,000 for cash cards or prepaid instruments.
• Acquiring shares of unlisted companies for Rs 1 lakh and above.
• Opening all bank accounts except Pradhan Mantri Jan Dhan Yojana accounts.
Ans : It is statutory responsibility of a person receiving document relating to economic or financial transactions notified by the CBDT to ensure that PAN has been duly quoted in the document.
Ans : Yes, it is compulsory to quote PAN on return of income. A penalty of Rs.10,000 is leviable in case of any default.
Ans : • All existing assesses or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN.
• Any person carrying on any business or profession whose total sales, turnover or gross receipts are or is likely to exceed five lakh rupees in any previous year.
• Any person, who intends to enter into financial transaction where quoting PAN is mandatory, must also obtain PAN.
• The Assessing Officer may allot PAN to any person either on his own or on a specific request from such person.
• Any person carrying on any business or profession whose total sales, turnover or gross receipts are or is likely to exceed five lakh rupees in any previous year.
• Any person, who intends to enter into financial transaction where quoting PAN is mandatory, must also obtain PAN.
• The Assessing Officer may allot PAN to any person either on his own or on a specific request from such person.
Ans : Obtaining or possessing more than one PAN is against the law, for which penalty of Rs.10,000 may be imposed.
Ans : IT PAN Service Centres or TIN Facilitation Centres shall not receive any incomplete and deficient PAN application. However, these centres will assist applicants to correctly fill up form 49A or 'Request For New PAN Card Or/ And Changes In PAN Data', as the case may be.
Ans : Please CLICK HERE to view the documents need to be provided as a proof.
Ans : Please CLICK HERE to view the process for applying.
Ans : : Yes, application for fresh allotment of PAN can be made through Internet. Further, requests for changes or correction in PAN data
or request for reprint of PAN card (for an existing PAN) may also be made through Internet.
Ans : IT PAN Service Centers or TIN Facilitation Centers shall not accept any incomplete and deficient PAN application.
Ans : Individual applicants will have to affix two recent, coloured photograph (Size: 3.5 cms x 2.5 cms) on Form 49A; one with Signature across the photo and one with Signature beneath the photograph.
Ans : A photograph is compulsory only in case of 'Individual' applicants.
Ans : In such cases, Left Hand Thumb impression of the applicant should be affixed on Form 49A at the place meant for signatures and got attested by a Magistrate or a Notary Public or a Gazetted Officer, under official seal and stamp.
Ans : Yes father's name is required to be filled in the PAN application (Form 49A). Female applicants, irrespective of marital status, should write only father's name in the PAN application.
Ans : Telephone number is not compulsory, but if provided it may help in faster communication. Correct Mobile Number should be mentioned for communication.
Ans : Yes. A minor, lunatic, idiot, and court of wards and such other person can apply for PAN but they are represented through a Representative Assessee. In such cases, the signature will be of the Representative Assessee (preferably Father / Mother) at all the places instead of Applicant itself. ID and DOB Proof copy of Applicant is supposed to be sent. Also ID and Address Proof of applicant's Representative Assessee is supposed to be sent.
Ans :Permanent Account Number (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, be intimated to
nearest IT PAN Service Center or TIN Facilitation Center for required correction in PAN databases of the Income Tax department.
Ans : All PAN allotted and PAN card issued by the Department will remain valid. All persons who have been allotted a PAN need not apply again.
Ans : It takes about 15 days to get a new PAN allotted. It is advisable to initiate action for obtaining PAN well in time.
Frequently Asked Questions :
Ans : Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application.
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. PAN, thus, acts as an identifier for the “person” with the tax department.
PAN was introduced to facilitates linking of various documents, including payment of taxes, assessment, tax demand, tax arrears etc. relating to an assesse to facilitate easy retrieval of information and to facilitate matching of information relating to
investment, raising of loans and other business activities of taxpayers collected through various sources, both internal as well as external, for detecting and combating tax evasion and widening of tax base.
A typical PAN is AFZPK7190K.
First three characters i.e. “AFZ” in the above PAN are alphabetic series running from AAA to ZZZ. Fourth character of PAN i.e. “P” in the above PAN represents the status of the PAN holder. “P” stands for Individual, “F” stands for Firm, “C” stands for Company, “H” stands for HUF, “A” stands for AOP, “T” stands for TRUST etc.
Fifth character i.e. “K” in the above PAN represents first character of the PAN holder’s last name/surname. Next four characters i.e. “7190” in the above PAN are sequential number running from 0001 to 9999. Last character i.e. “K” in the above PAN is an alphabetic check digit.
Ans : It is a plastic card just like any other Credit/Debit Card which reflects details such as Applicant’s Name, Date of Birth/Date of Incorporation, Signature, Photograph, Father’s Name in case of Individuals and has a Government hologram on it.
Ans : As per new regulatory norms, both resident & non-residents Indians; including international companies with or without any presence in India, are required to provide a copy of their PAN card while carrying financial or business transactions; like: opening bank accounts, paying bills, filing taxes, raising invoices, buying or selling real estate, investing in a particular type of business or for investments made for personal interest, etc. to name a few.
Ans : Obtaining a PAN card from the Government of India can be a complex process for people living outside India. Our goal is to make this process simple and hassle free for our clients. Once you start your process with us; you will be redirected to the Application form, which has been designed to keep the things very simple and straight forward for the end user. Once applied, you would be able to book an appointment, during which our documents adviser would give you a call to better understand your case in detail and advise you on what documents need to be furnished to process further. You would be required to send a hard copy of the photograph affixed and signed Application form and document proofs to us, which would then be verified by our team, in case of any discrepancy our advisors would coordinate with you to rectify those discrepancies. Once done, we would submit your application to PAN Processing centre for PAN allotment. We would notify you as soon as your Coupon Number is generated, through which status of your PAN application can be tracked easily at our portal. Our team keeps a constant follow-up with the PAN Processing centre so that your PAN is delivered smoothly at your selected communication address.
Ans : You can apply through us. To fill up the Online Application Click Here
Ans : Although we have made sure no details are left out by the applicant while filling the application form online, still if some important details are missed out, they can be discussed over during the appointment call from our advisor.
Ans : Our Advisors try to better understand your case, and want that you should send your application form with correct and complete documents only once, so that you don’t have to take the pain of sending them again. In order to make sure we provide proper document support, hassle free service and to notify the status of your application we require your contact details.
Ans : We have a strict document protection & privacy policy for our clients. We do not share your information with any third party apart from the concerned PAN Issuing Authorities. You can know more about our privacy policy Click Here
Ans : Once your Coupon Number is generated, PAN Number is allotted in 4-5 days, it takes around 15-20 days to get PAN Card at your Communication address.
Ans : Unfortunately there is no such provision to get PAN Card on urgent basis. But our team makes sure that your Pan gets delivered to you on time after we receive a hard copy of the online filled form along with correct and complete documents.
Ans : Obtaining or possessing more than one PAN is against the law, for which penalty of Rs.10,000 may be imposed.
Ans : Yes you can apply without visiting India or having an address here.
Ans : By default our system accepts payment in USD, but keeping in mind convenience of our other Global Applicants we provide multiple currency payment options such as GBP, CAD, AUD, EUR, HKD etc.
Ans : Yes. You can make your Online payments in INR or via Netbanking.
Ans : A person or a company can hold only 1 PAN. Possessing more than 1 PAN is a criminal offence. PAN Number is allotted only once.
Ans : No, this website is a private entity that has no direct/in-direct association with the Government of India or any PAN Issuing concerned Authority. We provide assistance in form filling, document support and hassle free services to our clients. We would submit your PAN Application at PAN Processing Centre and provide you your coupon number with which you can track status of your application.
Ans : To know our contact details Click Here