It is possible to identify different taxpayers in the nation using their Permanent Account Numbers, or PANs. Indians who pay taxes typically receive a “pan card,” a 10-digit unique identification alphanumeric number, from the government.
The computer-based PAN system of identification gives every entity that pays taxes in India a unique identification number. By using this technique, they save a person’s entire tax-related information against a single PAN number, which serves as the primary key for information storage. Since this is shared throughout the nation, no two individuals on tax-paying entities may have the same PAN.
The Income Tax Department also issues PAN Cards when a PAN is assigned to an entity. While PAN is a number, PAN Card is a physical card that contains your name, date of birth, father’s or spouse’s name, and a photograph addition to your PAN. As identification or proof of date of birth, the candidate may present copies of this card.
The candidate’s PAN Card is active for life and is unaffected by any address changes.
Contents
- 1 PAN card varieties
- 2 A variety of tax-paying entities receive PAN cards. Based on that, the different PAN types are:
- 3 Individuals who receive PAN Cards receive their permanent account number, name, father’s name, date of birth, signature, authenticity hologram, QR code, and photo on them. When a company receives a PAN card, it also has a hologram, a QR code, the company name, the registration date of the company, and the PAN number. There won’t be a picture or a signature on it.
- 4 Application materials for a PAN card
- 5 Requisites for completing the PAN card form
- 6 Filling out the PAN application form
- 7 Guidelines for completing the PAN card form
- 8 Repercussions of not having a PAN
- 9 How to check the status of a PAN card?
The PAN Card Application Form
There are two types of PAN Card Application Form
- Form 49A – An application that all Indian citizens, including those who reside outside of India, must complete.
- Form 49AA – Foreign nationals must fill out this application form.
PAN card varieties
A variety of tax-paying entities receive PAN cards. Based on that, the different PAN types are:
- PAN Card for Indian Citizens
- PAN Card for Indian Corporations
- Foreign Citizens’ PAN
- Foreign Company PAN
Individuals who receive PAN Cards receive their permanent account number, name, father’s name, date of birth, signature, authenticity hologram, QR code, and photo on them. When a company receives a PAN card, it also has a hologram, a QR code, the company name, the registration date of the company, and the PAN number. There won’t be a picture or a signature on it.
Application materials for a PAN card
The applicant must possess the following paperwork in order to apply for a PAN card:
- Aadhaar ID card.
- Driving Licence.
- Passport.
- Election card.
- a photo-based pension card
- Birth certificate
- Domicile
- electricity invoice
- A photo-based ration card.
- Original certificate of identity signed by a municipal councilor, member of the legislative assembly, or gazette officer.
To prevent any problems with your PAN card, it’s crucial that you complete the application completely and accurately.
Requisites for completing the PAN card form
The following tax-paying entities must have a Permanent Account Number in accordance with section 139A of the Income Tax Act:
- Anyone who owes the Income Tax Department money does so because they have either already paid it in whole or owe it. The government uses tax slabs to decide this.
- Any person who runs a business or practices a profession that brings in more than Rs. 5 lakh in a given year of assessment.
- Importers and exporters who must pay any type of tax or duty under the Income Tax Act or any other applicable law
- Various associations, charitable organizations, and trusts.
All tax-paying entities, including individuals, HUFs, partnerships, corporations, groups of people, trusts, and minors, should submit an application for a PAN.
Filling out the PAN application form
Using the NSDL or UTIITSL websites, the applicant can submit PAN application Form 49A. In order to submit a Form 49A request for PAN allotment, the applicant must pay the following fees:
- Issue of a physical PAN card with an Indian communication address costs INR 110 (application fees INR 93 + 18% GST).
- Issuance of a physical PAN card with an international communication address costs INR 1020 (Application fees INR 93 + Dispatch charges INR 771 + 18% GST).
- The price to get an e-PAN card is INR 66.
The applicant must go to one of the websites, NSDL or UTIITSL, to complete the form.
- The applicant would see Form 49A, which would then need to be filled out with the necessary information.
- The applicant must choose an appropriate “mode of payment” in order to pay the appropriate fees.
- Following the successful submission of form 49A and the associated payment of applicable fees, an acknowledgment receipt will appear.
- The information below is present on an acknowledgment receipt:
- Unique acknowledgment number with 15 digits.
- The applicant’s category.
- Permanent Account Number (PAN)
- Applicant’s name.
- (Only in cases of individuals) the name of the father.
- Birthdate/date of incorporation/date of the agreement/date of partnership/etc.
- Address for correspondence.
- Payment information.
- Space for signatures.
- (Only in cases where there is a person) Photo space
- Printing the acknowledgment receipt and attaching the following paperwork are requirements for the applicant.
- A complete copy of the Form 49A online application.
- Self-verified “Proof of Identity.”
- “Proof of Address,” self-attested.
- “Proof of Date of Birth,” self-attested.
- In the case of individuals, two recent stamp size photograph of size 3.5 cm X 2.5 cm need to be pasted on the space given in Form 49A.
- List of locations where the applicant must sign documents –
- On the upper left photo, there is only one signature.
- On the top right photo inside the box, there is one signature.
- The form’s bottom, inside the box, has one signature.
- Identities, addresses, and dates of birth must all bear one signature.
- The candidate must send the documents listed above to NSDL at the following address except for the acknowledgment.
NSDL e-Governance Infrastructure Limited,
5th Floor, Mantri Sterling,
Plot 341, Survey No. 997/8,
Model Colony,
Near Deep Bungalow Chowk,
Pune 411 016.
Guidelines for completing the PAN card form
- According to the identity and address proof documents you are submitting, complete all the fields.
- Before submitting the form, have your thumb impression attested by a Magistrate or Notary to avoid disqualification.
- Give accurate contact and address information when completing the form.
- Please use capital letters when completing the application.
- Anywhere on the form, don’t make changes or rewrite anything.
- Neither the first name nor last name columns should contain initials.
- If your old PAN card is missing, stolen, or damaged, don’t apply for a new one. Request a different PAN instead.
A PAN card serves as a crucial document that you can use for a number of things. It is not only a nationally recognized form of identification, but it is also a vital record when submitting income tax (IT) returns. In addition, it is employed in a number of different commercial and personal transactions.
Repercussions of not having a PAN
Without a PAN card, if your income is taxable, you would experience the following consequences:
- The Income Tax Department of India imposes a flat 30% tax on your income and assets. This rule is applicable to everyone who is eligible to pay taxes, including foreign nationals and businesses registered outside of India.
- Not being able to, among other things, open a bank account, buy a car, or buy real estate for more than Rs. 10 lakh.
- Businesses are unable to carry out a sizable portion of their financial and procurement activities.
How to check the status of a PAN card?
After submitting your application, you can check the status of your PAN Card online. You can determine whether the card has been issued or is in transit by restricting the application status.
Either the TIN-Protean eGov Technologies Limited or UTIITSL websites allow you to check the status of your PAN Card application. With your name and date of birth entered on the website, you can determine the status of your PAN Card application.