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PAN Card is an essential document for most of us in India, not just for the purpose of filing tax returns, but many of us, use it as a form of identification, as well.
PAN
PAN Card is an essential document for most of us in India, not just for the purpose of filing tax returns, but many of us, use it as a form of identification, as well. The primary objective of PAN is to use as a unique identification key to track financial transactions that might have a taxable component to prevent tax evasion. It is a Permanent Account Number which remains unaffected by change of address throughout India.
Permanent Account Number or PAN Card is a nationalized identity card. Without a PAN, you will not be able to carry out any financial transaction. It is the Indian Income Tax Department that allocates this 10-digit alphanumeric and unique account number to a tax-paying person, company or HUF. It has lifetime validity.
Note Down the Documents Required to Apply For PAN
2 Passport size photographs (in case of Individual Applicant)
Proof of Identity like Passport, Aadhaar, Driving License etc.
Proof of Address like Aadhaar, Bank Statement, Credit Card Statement etc.
Proof of date of birth like Birth Certificate of Municipal Corporation, Matriculation certificate etc.
Certificate of Incorporation (in case of Company)
Partnership Deed (in case of partnership firm)
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FAQs On PAN Application
Permanent Account Number (PAN Card) is considered the most prominent proof of identification. The Indian Tax Department issues the PAN card to monitor income tax returns and regulates the economy. It is, therefore, mandatory for every person Indian or foreigner have the PAN card. The PAN is the mode of identification of government and private organizations recognized in the Know Your Customer norms.
The PAN is mandatory for NRI and investors, and one must give their PAN card details in their investment activities.
Yes, application for fresh allotment of PAN can be made through the Internet.
No.
No. Changing the address or city must be intimated to nearest IT PAN Service Centre or TIN Facilitation Centre for required correction in PAN databases of the Income Tax department. These requests will have to be made in a form for ‘Request for New PAN Card Or/ And Changes in PAN Data’
BizHub provides PAN Application across India. You can obtain PAN Application in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur or any other cities easily with us.
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