PAN Card Application
PAN Card Application Service | Permanent Account NUmber
Applying for a PAN card is easy and simpliest process
- Application process 100% online with NSDL PAN Service
- Takes approx 15 day to issue | Card dispatch at correspondence address
- Our Pricing @ Rs 500/-
PAN (Permanent Account Number) at a glance
The PAN (Permanent Account Number) card is an important document for conducting even the most simplest of financial transactions like opening a savings bank account or applying for a debit/credit card.
It is a 10-digit alphanumeric identity allotted by the income tax department to an individual, company, Firm, Hindu Undivided Family (HUF), AOP, or any other person.
These days you can apply for PAN online, albeit partially. This is because once all the steps have been completed, you still have to send the acknowledgment receipt to National Securities Depository (NSDL) or UTI Infrastructure Technology and Services Limited (UTIITSL) – agencies authorised by the income tax department to facilitate PAN applications on its behalf.
PAN card become a primary documents for many things like, opening a bank account, Buy/Sale of Immovable Property, Investment, Loans, Credit Card, Buy/Sale of Motor Vehicle etc. and in many cases PAN card is accepted as ID proof of individual.
PAN is mandatory to file your Income Tax Return and if your are providing services to client and client deducted TDS from the payment proceeds, here you need to furning your PAN to avoid higher deduction of 20%.
NON-PAN holder get TDS deduction at higher flat rate 20%. Rule 114B of the Income Tax Rule – mention list of transactions and activities wherein PAN is mandatory to quote
Send your Requirement here
Legal Requirements of PAN Card under Income Tax Act
Sale/Purchase of Immovable Property
Amount Exceeding Rs 10 lakhs or valued by stamp valuation authority referred to in section 50C of the Income Tax Act at an amount exceeding Rs 10 Lakhs
Motor vehicle (other than two wheeler)
All Such Transactions
Time deposit
a) Deposits with Co-op banks, Post Office, Nidhi, NBFC companies will also need PAN.
b) Deposits aggregating to more than Rs.5 lakh during the year will also need PAN.
Sale or purchase of securities
Contract for sale/purchase of a value exceeding Rs.1 lakh
Opening an account (other than time deposit) with a banking company.
a) Basic Savings Bank Deposit Account excluded (no PAN requirement for opening these accounts).
b) Co-operative banks also to comply
Hotel/restaurant bill(s) payment
Cash payment exceeding Rs.50,000/-.
Cash deposit in Bank
Cash deposit exceeding Rs.50,000/- in a day.
Foreign travel
Cash payment in connection with foreign travel or purchase of foreign currency of an amount exceeding Rs.50,000/- at any one time (including fare, payment to travel agent)
Credit card
Application to banking company/ any other company/institution for credit card. Co-operative banks also to comply.
Mutual fund units
Payment exceeding Rs.50,000/- to a company/ institution for acquiring its debentures/ bonds.
RBI bonds
Payment exceeding Rs.50,000/-.
Life insurance premium
Payment exceeding Rs.50,000/- in a year.
Purchases or sales of goods or services
Purchase/ sale of any goods or services exceeding Rs.2 lakh per transaction.
Cash cards/ prepaid instruments issued under Payment & Settlement Act
Cash payment aggregating to more than Rs.50,000 in a year.
Purchase of Bank Drafts/Pay Order/ Bankers Cheque
Payment in cash for an amount exceeding Rs 50,000 in a day to any bank/cooperative bank
Opening a Demate Account
All such transactions
Documents Requirement for PAN Card Application ( Indian Resident)
For Individual Applicant
- ID Proof – Aadhar card / Driving License / Voter ID / Passport / Ration Card having your photo thereon / ID Card issued ( Govt. Employee) / Bank Certificate.
- Address Proof:- Electricity or Telephone or Water or Gas Connection or Credit Card Bill ( below 3 months old) / Aadhar card/ Passport / Driving License / Voter ID / Passport of Spouse / Employer Certificate in Original / Domicile Certificate / Certificate of Address in original signed by MP or MLA or Municipal Councilor (Annexure A)
- Date of Birth Proof : Birth Certificate issued by Municipal Authority or authorised Registrar / Aadhar Card / Voter ID / Driving License / Passport / Pension Payment Order / Marriage Certificate / Domicile Certificate / Matriculation Certificate / ID Card ( Govt Employee).
For Indian Company / LLP Registered in India – Only Certificate of Incorporation
For Firm – Registration Certificate Issued by Registrar of Firm or Partnership Deed copy.
For Association of Person (AOP) or Body of Individual (BOI) or Artificial Juducial Person (AJP)
- Registration Certificate as issued by Registrar of Cooperative Society / Competent Authority
- Certificate of Registration number as issued by charity commissioner
- Agreement copy
For Trust (AOP)
- Certificate of Registration number as issued by charity commissioner
- Trust Deed copy
For Hindu Undivided Family
Documents same as in case of Individual Applicant . Only one more additional documents can be addred ‘A copy of Affidavit by Karta of HUF stating name, father name, and address of all coparceners’
