How to Apply For a PAN Card?
It is vital to have a PAN card because it will help you in tax filing and other financial transactions. To get a pan card, apply. offline or online, and you will have it within a few days. Within a few easy steps, you can apply for it online through NSDL or UTITSL. The Income Tax administration has permitted both these websites to issue PAN cards and to make changes to them.
Download Form 49A from the NSDL or UTIITSL portal and get its printout for offline application. The application must be submitted to the nearby NSDL office or UTIITSL PAN service centre along with the application fee of Rs 94 through a DD, cash payment, or e-payment after the required information has been filled out and the hard copies of identity proof, address proof, and other documents have been attached.
Applying For a Fresh PAN Card in Case you Lose it.
In a situation where you have lost your PAN card, you don't need to fill in the online application for your PAN card again. Just follow these simple steps:
- View the index page at www.tin-nsdl.com.
- Choose "PAN" from the "Services" menu
- Select "Apply" next to "Reprint of PAN Card"
- Complete the form, then press "Submit."
- After that, adhere to the instructions on the corresponding screens.
- An acknowledgement number will be issued when the application is submitted successfully, allowing you to trace it.
Application Procedure for a New PAN Card for Indian & Foreign Citizens
Whether you are an Indian or a foreigner, you can submit the application form for a PAN card online as well as offline. Online applications for PAN Cards can be submitted at any of the websites mentioned below: -
- Protean eGov Technologies Limited (formerly NSDL)
- UTIITSL
For applying offline, you can visit any of the district-level PAN agencies and submit your PAN form and necessary documents there. Indian nationals and NRIs (including businesses, NGOs, partnership firms, municipal authorities, trusts, etc.) must complete Form 49A in order to obtain a new PAN whereas Foreign individuals and businesses must complete Form 49AA. You must provide these forms to the Income Tax PAN Services Unit together with all other necessary documents.
Importance of having a PAN card
It is important to have a PAN card for the following reasons: -
- In order to pay direct taxes
- Submitting income tax returns
- Preventing the deduction of tax at a greater rate than is necessary
- To engage in a certain transaction, such as:
(a) The sale or acquisition of real estate worth at least Rs. 5 lakh
(b) The sale or acquisition of an automobile that isn't a two-wheeler
(c) Making a one-time payment to hotels or restaurants of more than Rs 25,000.
(d) Payment in cash of more than Rs. 25,000 in conjunction with international travel.
(e) Making a payment of at least Rs. 50,000 to the Reserve Bank of India in order to purchase bonds
(f) Giving a corporation or organisation money in exchange for bonds or debentures in the amount of Rs. 50,000 or more.
(g) Giving a corporation at least Rs. 50,000 in exchange for shares.
(h) Any acquisition of a mutual fund
You can easily apply for a new PAN card online either through the portal of Protean (earlier NSDL https://tin.tin.nsdl.com/pan/index.html) or the portal of UTIITSL (https://www.pan.utiitsl.com/PAN/)
Making Changes or Corrections in Existing PAN Card
In case there is any mistake, or you need to update your PAN card, you can fill out the PAN card Change/correction form online by visiting the official website of NSDL E-Governance (now Protean), i.e. www.tin-nsdl.com.
Things to Remember while applying for a new PAN Card
While applying for a PAN card through NSDL (now Protean - https://tin.tin.nsdl.com/pan/index.html) or UTIITSL (https://www.pan.utiitsl.com/PAN/ ), the information mentioned below must be kept in mind before applying:
- Foreign applicants should use Form 49AA, while Indian residents must use Form 49A.
- Make sure you use capital letters and black ink when filling out the application./li>
- The applicant must attach a colour photograph in the space provided. The picture should be 3.5 cm by 2.5 cm in size.
- Attach all the necessary, authorised papers serving as proof of identity and residence.
- Make sure that the information you have provided in your application form corresponds to the data in the supporting papers.
- In the PAN card application, be careful to provide the whole address and the landmark.
- The PAN authorities will use the email address and phone number provided in the application for any further correspondence, so be sure they are accurate.
Expenses Involved in applying for a PAN Card
Online applications for a PAN card can be submitted in two ways: -
- Apply PAN from NSDL (now Protean - https://tin.tin.nsdl.com/pan/index.html)
- Apply PAN from UTIITSL (https://www.pan.utiitsl.com/PAN/)
In order to apply for a PAN, you will have to pay Rs. 93 (excluding G&S tax) for an Indian communication address and Rs. 864 (excluding G&S tax) for a foreign communication address. The application cost can be paid with a credit/debit card, demand draft, or through online banking.
Dos and Don’ts while Filling an Online Application
- When you apply for an e-PAN card, carefully fill in your active and registered email id and phone number.
- To get important updates and for communication purposes enter a valid mobile number.
- The application will be denied in case of incorrect information and a lack of supporting documentation.
- Capital letters must be used while filling out the form.
- Ensure that only current and pertinent information is entered into the form.
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