How to Apply For a PAN Card

PAN Card or Permanent Account Number card is a 10 digit alphanumeric number issued by the Income Tax authority to a person who is obligatory to pay Income Tax. However, it isn't required for all residents to have a PAN card, be that as it may, since it is an obligatory document for some however any transaction above 49,999 INR needs to furnish PAN card number.

Situation where PAN Card is required

Here are some of the general situations where PAN Card is required:

i. Opening a bank account

ii. Applying for a debit or credit card

iii. Purchasing or selling assets

iv. Fund transfers of high-value

v. Transferring money outside the country

vi. Buying mutual funds

A PAN card acts as an official government verification for age and name of the PAN holder for KYC reasons.

How to apply for a PAN card?

Application form 49A is a form through which a resident of India can apply for a PAN card. Whereas, Application form 49AA is a form through which NRI and foreign citizens.

Offline PAN Card Application process

In case if you want to furnish the PAN Card application form, you need to follow the below-mentioned steps:

Step 1: Download Form 49A OR Form 49AA from the UTIISL OR NSDL site and take a printout of it.

Step 2: Fill all required details mentioned in the PAN Application form.

Step 3: Attach self-certified duplicates of ID proof, date of birth, address evidence along with 2 photos.

Step 4: Submit the application form with all the self-attached documents to the closest PAN card center alongside a cheque or demand draft of 118 INR as the processing and handling fees for your PAN card application.

Step 5: Post submission of your PAN card application form, you will get the PAN card at the address mentioned in the form within 15 working days.

Online PAN Card application process

In case if you want to furnish the PAN Card application form online, you need to follow the below-mentioned steps:

Step 1: Visit on either the TIN NSDL site or the UTISL site for online application.

Step 2: Click on the apply button and select your category.

Step 3: You will be redirected to a new page showing the application form.

Step 4: Fill in the PAN Card application form with all the mandatory details.

Step 5: When the form is filled, you need to submit all the mandatory documents such as birth certificate, address proof, and ID proof along with your photograph and signature.

Step 6: Post-uploading the documents you need to click the submit button.

Step 7: After submitting you will be redirected to the payment page wherein you need to fill the processing and handling fees.

Step 8: Once the payment is made, an affirmation receipt bearing a 15 digit number will get generated. You need to send this acknowledgment receipt to the NSDL or UTISL.

Step 9: After the acknowledgment receipt is received at the NSDL office you will receive the PAN at the address mentioned in the form within 15 working days.

List of Required Documents

1. For Identity (ID) Proof

i. Any ID issued by the government, for example, AADHAAR card, Driving License, Voter ID, health care card, and so forth.

ii. Pensioner Card with photo

iii. Arms License

iv. Bank certificate gave on the letterhead of the bank and confirmed by the giving official. The certificate ought to have an attested photo along with a bank account number.

2. For Proof of Age

i. Birth certificate issued by the Municipal Authority

ii. Registration certificate

iii. Driving License

iv. Marriage certificate

v. Pension Payment order

vi. Passport

3. For Address Proof

i. Any utility bill issued by the government department, for example, electricity bill, gas bill, water bill, and so on.

ii. Postpaid connection bill

iii. Bank or credit card statement

iv. Passbook of Post office account

v. Residence certificate issued by the Indian Government

vi. Voter ID

vii. Passport

viii. Driving License

ix. AADHAAR Card

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Created on Jun 15th 2020 01:26. Viewed 286 times.

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