PAN (Permanent Account Number) is an identification number assigned to all taxpayers in India. PAN is an electronic system through which, all tax related information for a person/company is recorded against a single PAN number. This acts as the primary key for storage of information and is shared across the country. Hence no two tax paying entities can have the same PAN. There are different categories for which different natures of PANs are given out. They are:
Having a PAN provides each PAN Holder with a variety of benefits. These are –
Mutual Fund – PAN is beneficial to complete e-KYC for mutual fund investments
There are ways one can apply for a PAN – online and offline.
The online procedure for PAN card application is as follows:
Then the applicant is supposed to attach certain documents on the 15 digit acknowledgement provided to him.
Once the PAN card application is submitted online, he must send the above mentioned documents to the office of the NSDL through post within the next 15 days. If every step has been followed properly, the applicant will receive the PAN card through post within the next 15 working days.
The offline method for PAN card application is as follows:
Firstly, they can apply by downloading the PAN card application form available on the NSDL or UTIISL website.
Secondly, they can also acquire the application form from various available agents of UTIISL.
Then, the applicant must fill in all the desired details that he must provide along with a host of several supporting documents.
After that, the applicant must submit that filled out form along with the supporting documents to the office of NSDL. He is also supposed to make a nominal amount of payment upon form submission in the form of processing fee of the application process.
If all the procedures are properly verified and the application process is completed, the process of PAN card issuance takes place where the applicant will receive the PAN card within the next 15 working days to the address mentioned by the applicant in the application form.
There are different categories of individuals and organisations that can apply for PAN. The document requirements for each are different and can be found as under:
As per the rules of the Bar Council of India, we are not permitted to solicit work and advertise. This site www.rkabra.net is owned and operated by R Kabra & Co. LLP and is a resource for your informational purposes only. By clicking on the “I agree” below, the user acknowledges the following:
The information provided under this website is solely available at your request for informational purposes only, should not be interpreted as soliciting or advertisement. We are not liable for any consequence of any action taken by the user relying on material / information provided under this website. In cases where the user has any legal issues, he/she in all cases must seek independent legal advice.