PAN Card in India is mandatory as per the income tax department of India. With effect from April 1, 2006, SEBI has also made PAN Card compu...
PAN Card in India is mandatory as per the income tax department of India. With effect from April 1, 2006, SEBI has also made PAN Card compulsory for all investors wanting to invest in India.
Permanent Account Number (PAN) refers to a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department in India. It is a must to have a PAN number for those who intend to do investments & file their income tax returns in India.
How to Get a PAN Card
1. Log on to https://tin.tin.nsdl.com/pan/index.html
2. Fill the PAN Application online and submit
3. On submission an acknowledgement number will be displayed.
4. Print this acknowledgement.
5. Affix a colour photo on the acknowledgement and sign at relevant places.
6. Pay the requisite fees ( Rs. 67/- ) by credit/debit card.
7. Send the completed acknowledgement, a proof of address and a proof of identity
To '
Income Tax PAN Services Unit, NationalSecurities Depository Limited, 3rd floor, Sapphire Chambers, Near Baner Telephone Exchange, Baner, Pune 411045'.
8. Your PAN will be delivered at your doorstep.
9. You can check the status at https://tin.tin.nsdl.com/tan/StatusTrack.html 10. Alternatively you can download the forms.
1. What are the benefits of obtaining a Permanent Account Number [PAN] and PAN Card?A PAN number has been made compulsory for every transaction with the Income Tax department. It is also mandatory for numerous other financial transactions such as opening of bank accounts, availing institutional financial credits, purchase of high-end consumer item, foreign travel, transaction of immovable properties, dealing in securities etc. A PAN card is a valuable means of photo identification accepted by all government and non-government institutions in the country.
2. I have lost my PAN card but remember my number. Do I necessarily need to get a fresh card?
With your PAN you can continue to transact with the Income Tax department. However, in respect of other agencies you may encounter constraints without a PAN card since it doubles as a photo identity card.
3. I have been allotted two PANs. Which number should I use?
You may retain any one of the numbers and surrender the other through a letter addressed to your jurisdictional Assessing Officer.
4. If I do not surrender the additional PAN number, is there any problem?
Yes. It is illegal to have two PANs and the penalty for such offence is Rs.10,000/-
5. By mistake I have been using different PANs for different purpose like one for my demat account and another for filing my Income Tax return and .payment of taxes. How do I set this right?
It is advisable to retain only one PAN, preferably the one used for Income Tax purpose and surrender the other number immediately. The institutions where the latter number has been quoted should be informed of the correct PAN.
6. Is it mandatory to file return of income after getting PAN?
No. Return is to be filed only if you have taxable income.
To Submit pan card Application at Vasai Contact: Mr. syed at 9823403494Permanent Account Number (PAN) refers to a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department in India. It is a must to have a PAN number for those who intend to do investments & file their income tax returns in India.
How to Get a PAN Card
1. Log on to https://tin.tin.nsdl.com/pan/index.html
2. Fill the PAN Application online and submit
3. On submission an acknowledgement number will be displayed.
4. Print this acknowledgement.
5. Affix a colour photo on the acknowledgement and sign at relevant places.
6. Pay the requisite fees ( Rs. 67/- ) by credit/debit card.
7. Send the completed acknowledgement, a proof of address and a proof of identity
To '
Income Tax PAN Services Unit, NationalSecurities Depository Limited, 3rd floor, Sapphire Chambers, Near Baner Telephone Exchange, Baner, Pune 411045'.
8. Your PAN will be delivered at your doorstep.
9. You can check the status at https://tin.tin.nsdl.com/tan/StatusTrack.html 10. Alternatively you can download the forms.
1. What are the benefits of obtaining a Permanent Account Number [PAN] and PAN Card?A PAN number has been made compulsory for every transaction with the Income Tax department. It is also mandatory for numerous other financial transactions such as opening of bank accounts, availing institutional financial credits, purchase of high-end consumer item, foreign travel, transaction of immovable properties, dealing in securities etc. A PAN card is a valuable means of photo identification accepted by all government and non-government institutions in the country.
2. I have lost my PAN card but remember my number. Do I necessarily need to get a fresh card?
With your PAN you can continue to transact with the Income Tax department. However, in respect of other agencies you may encounter constraints without a PAN card since it doubles as a photo identity card.
3. I have been allotted two PANs. Which number should I use?
You may retain any one of the numbers and surrender the other through a letter addressed to your jurisdictional Assessing Officer.
4. If I do not surrender the additional PAN number, is there any problem?
Yes. It is illegal to have two PANs and the penalty for such offence is Rs.10,000/-
5. By mistake I have been using different PANs for different purpose like one for my demat account and another for filing my Income Tax return and .payment of taxes. How do I set this right?
It is advisable to retain only one PAN, preferably the one used for Income Tax purpose and surrender the other number immediately. The institutions where the latter number has been quoted should be informed of the correct PAN.
6. Is it mandatory to file return of income after getting PAN?
No. Return is to be filed only if you have taxable income.
