PAN Card – What is PAN, Eligibility & How to Apply

Articles Income Tax

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 the storage of information and is shared across the country. Hence no two tax-paying entities can have the same PAN.

Overview

Name Of Authority issuing PANIncome Tax Department, Govt. of India
PAN Customer Care Number020 – 27218080
Inception of PAN Card1972
Validity Of PAN CardLife Time
Cost of PAN CardRs. 110
Number Of Enrolments25 crore (approximate)

Eligibility of PAN

PAN Card is issued to individuals, companies, non-resident Indians, or anyone who pays taxes in India.

Type of PAN

  1. Individual
  2. HUF-Hindu undivided family
  3. Company
  4. Firms/Partnerships
  5. Trusts
  6. Society
  7. Foreigners

Document Required for New PAN

PAN requires two types of documents. Proof of address (POA) and Proof of Identity (POI). Any two of the following documents should meet the criteria

Individual ApplicantPOI/ POA- Aadhaar, Passport, Voter ID, Driving Licence
Hindu Undivided FamilyAn affidavit of the HUF issued by the head of HUF along with POI/POA details
Company registered in IndiaCertificate of Registration issued by Registrar of Companies
Firms/ Partnership (LLP)Certificate of Registration issued by the Registrar of Firms/ Limited Liability Partnerships and Partnership Deed.
TrustCopy of Trust Deed or a copy of the Certificate of Registration Number issued by a Charity Commissioner.
SocietyCertificate of Registration Number from Registrar of Co-operative Society or Charity Commissioner
ForeignersPassport PIO/ OCI card issued by the Indian Government Bank statement of the residential country Copy of NRE bank statement in India

New PAN Card Application Charge

The cost of a PAN card is Rs. 110 or Rs. 1,020 (approximately) if PAN card is to be dispatched outside India.

Rajesh Sarraf

eTax Info is a platform for Individuals, Businesses & Professionals. Managed by Rajesh Sarraf, where you can learn your taxes and finance easily.

http://etaxinfo.in

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