Permanent Account Number (PAN)
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Q.1. What is a Permanent Account Number (PAN) and what is the relevance of it?

Ans:
  PAN is a 10 digit unique alphanumeric number allotted to tax payers by the tax authorities in India. It has to be used for any interaction with the tax authorities in India.

Q.2. Is it mandatory to obtain PAN in India?

Ans.
 PAN is required only if an individual’s income exceeds the maximum amount not chargeable to tax. However, apart from the income tax correspondences, PAN is required to be quoted at various other documents. For example, it is mandatory to quote a PAN while opening a bank account, or while remitting funds outside India, etc. 

Q.3. How to apply for PAN?

Ans:
  PAN application can be made online by visiting https://tin.tin.nsdl.com/pan/ or by submitting a manual form. The tax authorities have prescribed specific forms for Indians (Form 49A) and foreign nationals (Form 49AA). The PAN application form requires details such as applicant’s name, father’s name, date of birth, correspondence address, telephone/mobile number and e-mail address. The documentary evidence for “Proof of Identity and Address” is also required to be filed along with the PAN application.

On submitting the application form and supporting documents, the authorities are required to allot the PAN in 3-4 days if all requirements are met. It takes about 15 days on an average from the date of application to receive the PAN card. The applicant may at any time track the PAN status by logging on to www.tin-nsdl.com by specifying the acknowledgement number provided at the time of filing the PAN application.

Q.4.
What are the documents required for PAN by foreign nationals?

Ans:
  Documentary requirements for PAN application in Form 49AA by a foreign national:

Proof of Identity

Copy of

·       Passport; or
·       Other national or citizenship Identification Number or Taxpayer Identification Number duly attested by “Apostille” (in respect of countries which are signatories to the Hague Apostille Convention of 1961), or by the Indian embassy or High Commission or Consulate in the country where the applicant is located.

Proof of Address and other documents

Copy of

·       Passport; or
·     Other national or citizenship Identification Number or Taxpayer Identification Number duly attested by "Apostille" (in respect of countries which are signatories to the Hague Apostille Convention of 1961), or by the Indian embassy or High Commission or Consulate in the country where the applicant is located; or
·       Bank account statement in country of residence; or
·       Non-resident External bank account statement in India; or
·       Certificate of residence in India or Residential permit issued by the State Police Authority; or
·       The registration certificate issued by the Foreigner's Registration Office showing India address; or
·       Visa granted and copy of appointment letter or contract from Indian Company and Certificate (in Original) of the Indian Address issued by the employer.
·       Visa application form





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