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Permanent Account Number (PAN)
Permanent Account Number (PAN) is a mandatory registration with the Income Tax Department of India required for all person and entities that are required to pay Income Tax and perform certain high-value transactions. It is a unique 10 digit alphanumeric number issued by Income Tax Department of India to track all compliance and filings of an Income Tax Assesses using the PAN.
Once a PAN Card is issued, no continued compliance filings are necessary and it is valid for lifetime of the entity.
PAN is now required in India before entering into financial transactions exceeding specified limit of amount. Therefore, it is recommended for all Indian Residents and Foreign Nationals staying in India for an extended period of time to obtain PAN Card. Every Company also needs to apply for PAN Application while incorporation.
ComplianceIndia can help you obtain your PAN Card quickly and hassle-free.
Advantages of PAN Card
Documentary Proof of Identity
Helps in Starting a Business
Tax Deductions & Claiming TDS Refunds from Income Tax (IT) Department
Buying a Car
Opening a Bank/ Demat Account:
Making Investments, Buying RBI Bonds/ Insurance
Purchasing Foreign Currency
Transaction of Securities (Listed or Unlisted)
Demand Drafts, Pay Orders, Bankers Cheques, and Cash Deposits
Sale/ Purchase of Immovable Property
Eligibility to apply for PAN Card
– Indian citizens/companies/entities/ all existing assesses or taxpayers who are required to file a return of income, even on behalf of others, must need to apply for PAN card by using Form 49A
– Applicant should have valid identity proof, address proof and date of birth/ date of incorporation proof.
Requirement of PAN Card
– Mandatory for Opening Bank Account
– Compulsory for ITR filing
– Cash Deposits exceeding Rs. 50,000.
– For TDS and TCS transactions
– Applying for a Credit / Debit Card
– Purchase of shares/ Mutual funds amounting to Rs. 50,000 or more
– Sale or purchase of any immovable property amounting to Rs. 5 lakhs or more.
How we Work?
Documents Required for PAN card Application
Note: In case of PAN card application by Foreigner, then a photocopy of Registration certificate issued by the country where the Foreign Nationals or entities is situated duly attested by the Ministry of External Affairs or Indian Embassy. Applicant can even get this attested by the consulate of the country where he/she resides or from an authorized official of Indian scheduled bank branch situated overseas. A copy of Registration Certificate obtained in India or approval obtained from Indian authorities to setup a branch office in India.
Our charges for application of PAN Card starts from Rs. 750/-.
Frequently Asked Questions
1. What is PAN?
PAN or Permanent Account Number is a 10-digit alpha-numeric character issued by the Income Tax Department of India. PAN is used by the Income Tax Department to track and manage all the Income Tax assesses in India.
2. Why is PAN required?
It is mandatory to quote PAN all Income Tax filing with the Income Tax Department. Further, it is important to quote PAN in all documents pertaining to financial transactions that involve the sale and purchase of immovable property or motor vehicle exceeding Rs. 25,000/- Also it is mandatory to mention PAN while obtaining telephone or cellular connection. Likewise, PAN is required while making a bank deposit of Rs. 50,000/- or more. Therefore, it is important for most Indian Nationals or Indian Residents to have PAN.
3. Who can obtain PAN?
Any person (including Indian Nationals and Foreign Nationals) or artificial entities like Companies, LLP, Trust, Society, etc., can obtain a PAN.
4. Is there a minimum age or income requirement for obtaining PAN?
No, there is no minimum age or income requirement for obtaining PAN. Any person can apply and obtain a PAN.
5. How do I apply for PAN?
You can apply for PAN by filling up Application for Allotment of Permanent Account Number (PAN application form). The forms are: –
– Form 49A (for Indian Citizens)
– Form 49AA (for Foreign Citizens)
PAN card application can be made online through NSDL web-site or any of the NSDL TIN-Facilitation Centres/ PAN Centres.
6. What will I receive on submission of the PAN application form to a TIN-FC?
You will receive an acknowledgment with a unique 15-digit acknowledgment number on submission of the PAN application form.
7. How can I enquire about the status of my application?
i) You can inquire the status of your application by accessing NSDL-TIN website at the “Status track” option and quoting your unique 15-digit acknowledgement number after three days of your application.
ii) You can also obtain status of your application through SMS (Short messaging service) using mobile phones. For this, you have to type the word “NSDLPAN” followed by your 15-digit acknowledgement number and send it to 57575. For example: SMS NSDLPAN 012345678901234 to 57575.
iii) You can also check the status of your application through Interactive Voice Response (IVR) by calling our call centre on 020-27218080.
8. Are two photographs compulsory for making an application for PAN?
Yes. ‘Individual’ applicants should affix two recent colour photographs with white background (size 3.5 cm x 2.5 cm) in the space provided on the form. The photographs should not be stapled or clipped to the form. The applicant should sign across the photograph affixed on the left side of the form in such a manner that portion of signature is on photo as well as on form. The clarity of image on PAN card will depend on the quality and clarity of photograph affixed on the form.
9. What is the procedure for applicants who cannot sign?
In such cases, Left Hand Thumb Impression (preferably in black ink) of the applicant should be taken on PAN application form at the place meant for signature. This should be attested by a Magistrate or a Notary Public or a Gazetted Officer, under official seal and stamp.
10. Is it mandatory to mention father’s name for an individual applicant?
Yes. Individual applicants including Female applicants (irrespective of their marital status), should write only father’s name in the PAN application form.
However, if an applicant is having only mother as a single parent and wishes to apply for PAN by furnishing the name of mother only, then applicant has to mandatorily tick the relevant box in the application form and mention only mother’s name in the Mother’s Name field. Also, applicant should tick the box for printing mother’s name on the PAN card. Thus, in such a case, father’s name should not be filled in the application form.
11. Is it compulsory to mention telephone number/email ID on PAN application form?
It is mandatory for the applicants to mention either their “Telephone number” or valid “e-mail ID” so that they can be contacted in case of any discrepancy in the application and/or for receiving PAN through e-mail –
– If landline telephone number is mentioned, it is necessary to mention country code (ISD code) and STD code. In case of mobile number, country code (ISD code) should be mentioned.
– If email ID is mentioned, PAN will be communicated on email ID after it is allotted by the Income Tax Department.
12. Do I have to pay Income Tax if I have PAN?
No, it is not mandatory to pay Income Tax if you have a PAN. Income Tax will have to be paid only if there is taxable income.
13. Whether new business requires PAN card?
Yes, every business established in India must apply for PAN card online or offline within the 30 days of establishment. However, sole proprietorship firm does not need so as it does not have a separate identity from its owner.
14. What is the validity of PAN card?
The Permanent Account Number, once allotted, comes with lifetime validity for individuals and business entities. If the businesses entities are dissolved or closed, it must surrender the allotted PAN.
15. What are the documents required for obtaining PAN?
You have to submit the following documents with the PAN application form:
– Proof of identity (POI)
– Proof of address (POA)
– Proof of date of birth (PODB) (applicable only for Individual & HUF status of applicant.) (POA)
The documents for POI and POA depend on the citizenship and the status of the applicant.
16. Can a person have two or more PAN?
A Person cannot hold more than one PAN card. If a person holds more than one PAN, a penalty of Rs. 10,000/- may be imposed under section 272B. Therefore, the person holding more than one PAN must surrender it immediately.
17. I have been allotted more than one PAN, what is the procedure for cancellation/ surrender of other PAN(s)?
You may fill and submit PAN Change Request application form by mentioning the PAN which you are using currently on top of the form. All other PAN/s inadvertently allotted to you should be mentioned at item no. 11 of the form and the corresponding PAN card copy/s should be submitted for cancellation along with the form.
18. Will proprietorship’s have a separate PAN Card?
Proprietorships cannot have a separate PAN Card. The PAN of the Proprietor will serve as the PAN of the Proprietorship business.
19. When can PAN be obtained for Company or LLP or other type of entities?
PAN can be obtained for other entities after incorporation or registration. For instance, PAN can be obtained for Company or LLP after the Certificate of Incorporation is issued.
20. How long does it take to obtain a PAN?
PAN Card can be obtained in 5-8 working days from date of application along with the required documents.