All you appetite to apperceive about PAN
July 19, 2007
A Abiding Annual Cardinal (PAN) is one of the best important abstracts in the country today. It is an identification cardinal which the Assets Tax Administration gives to all taxpayers.
You charge to adduce the PAN for all banking affairs like aperture a coffer account, affairs a acreage of a car, affairs or affairs shares or alternate funds, applying for a visa/passport, authoritative acquittal of assets tax or filing your tax return, applying for a coffer loan, etc.
Here are some frequently asked questions and answers accompanying to PAN:
1. What is PAN?
Permanent Annual Cardinal (PAN) is a ten-digit alphanumeric number, issued in the anatomy of a laminated card, by the Assets Tax Department.
A archetypal PAN is AABPS1205E.
2. Why is it all-important to accept PAN?
It is binding to adduce PAN on acknowledgment of income, all accord with any assets tax authority. From January 1, 2005, it has been fabricated binding to adduce PAN on challans for any payments due to Assets Tax Department.
It is additionally compulsatory to adduce PAN in all abstracts pertaining to banking affairs notified from time-to-time by the Central Board of Direct Taxes. Some such affairs are auction and acquirement of adamant acreage or motor agent or payments in cash, of amounts beyond Rs 25,000 to hotels and restaurants or in affiliation with biking to any adopted country.
It is additionally binding to acknowledgment PAN for accepting a blast or cellular blast connection. Likewise, PAN has to be mentioned for authoritative a time drop beyond Rs 50,000 with a Coffer or Post Appointment or depositing banknote of Rs 50,000 or added in a Bank.
It has additionally been fabricated binding from advance 2, 2007 to adduce the PAN for alternate armamentarium investments annual over Rs 50,000.
3. How does Assets Tax Administration ensure that PAN is quoted on affairs mentioned above?
It is approved albatross of a being accepting affidavit apropos to bread-and-er or banking affairs notified by the CBDT to ensure that PAN has been appropriately quoted in the document.
4. Is it compulsatory to adduce PAN on acknowledgment of income?
Yes, it is compulsatory to adduce PAN on acknowledgment of income.
5. How will these authorities verify PAN?
A ability for acceptance PAN is accessible on the website of the Assets Tax department.
6. Who charge accept a PAN?
7. Can a being access or use added than one PAN?
Obtaining or possessing added than one PAN is adjoin the law.
8. Area to administer for PAN?
In adjustment to advance PAN accompanying services, the Assets Tax administration has accustomed UTI Investor Casework Ltd (UTIISL) to set up and administer IT PAN annual centres in all cities or towns area there is an Assets Tax appointment and National Securities Archive Limited (NSDL) to allocate PAN casework from TIN (tax advice network) abetment centres.
For the accessibility of PAN applicants in big cities, UTIISL has set up added than one IT PAN annual centre and additionally there are added than one TIN abetment centre.
9. How to administer for a PAN? Can an appliance for PAN be fabricated on apparent paper?
PAN appliance should be fabricated alone on Anatomy 49A. A PAN appliance (Form 49A) can be downloaded from the website of Assets Tax administration or UTIISL or NSDL (www.incometaxindia.gov.in,www.utiisl.co.in or tin.nsdl.com) or printed by bounded printers or photocopied (on A4 admeasurement 70 GSM paper) or acquired from any added source. The anatomy is additionally accessible at IT PAN Annual centres and TIN Abetment centres.
10. Can an appliance for PAN be fabricated in Anatomy 49A acquired from anywhere?
Yes, PAN appliance may be fabricated on Anatomy 49A acquired from any antecedent added than IT PAN Annual Centres or TIN Abetment Centres. For instance, a PAN appliance may be fabricated on anatomy downloaded from the website of Assets Tax administration or UTIISL or NSDL; or on anatomy printed by bounded printers or a archetype of downloaded or printed form.
11. Can an appliance for PAN be fabricated through Internet?
Yes, appliance for beginning allocation of PAN can be fabricated through Internet. Further, requests for changes or alteration in PAN abstracts or appeal for new PAN agenda (for an absolute PAN) may additionally be fabricated through Internet. For added capacity appointment (www.tin-nsdl.com)
12. How do I get a PAN allotted bound (Tatkal)?
If an appliance for allocation of PAN is submitted through Internet and acquittal fabricated through a ‘nominated’ acclaim card, the PAN is allotted on antecedence and announced through email.
13. How to acquisition an IT PAN annual centre or TIN abetment centre?
Location of IT PAN Annual Centres or TIN Abetment Centres in any burghal may be acquired from bounded Assets Tax Appointment or any appointment of UTI/UTIISL or NSDL in that burghal or from websites of the Assets Tax administration (www.incometaxindia.gov.in or UTIISL(www.utiisl.co.in) or NSDL (http://tin.nsdl.com)
14. What casework are provided by these IT PAN annual centres or TIN abetment centres?
IT PAN annual centres or TIN abetment centres will accumulation PAN appliance forms (Form 49A) and forms for ‘Request for new PAN agenda or/and changes in PAN data,’ abetment the appellant in bushing up the form, aggregate abounding anatomy and affair accepting slip. After accepting PAN from the Assets Tax department, UTIISL or NSDL as the case may be, will book the PAN agenda and bear it to the applicant.
15. What if I abide abridged Anatomy 49A?
IT PAN annual centres or TIN abetment centres shall not accept any abridged and amiss PAN application. However, these centres will abetment applicants to accurately ample up anatomy 49A or ‘Request for new PAN agenda or/and changes in PAN data,’ as the case may be.
16. What abstracts and advice accept to be submitted forth with the appliance for Anatomy 49A?
17. Which abstracts will serve as affidavit of ‘Identity’ in case of Individual applicants, including amateur and HUF applicants?
18. What is affidavit of ‘Address’ for Individual applicants, including amateur and HUF applicants?
19. What abstracts will serve as affidavit of Character and Abode for added applicants?
20. How to acquisition ‘Assessing Officer code’?
Assessing Officer cipher may be acquired from Assets Tax Appointment area you abide your acknowledgment of income. Applicants who accept never filed acknowledgment of assets may acquisition out Assessing Officer cipher with the advice of IT PAN Annual Centre or TIN Abetment Centre or authoritative Assets Tax Office.
21. Is a photograph compulsatory for authoritative an appliance for PAN?
A photograph is compulsatory alone in case of ‘Individual’ applicants.
22. What is the activity for applicants who cannot sign?
In such cases, Left Hand Thumb consequence of the appellant should be added on Anatomy 49A or ‘Request For New PAN Agenda Or/ And Changes In PAN Data’ at the abode meant for signatures and got accurate by a Magistrate or a Notary Public or a Gazetted Officer, beneath official allowance and stamp.
23. Is father’s name compulsatory for changeable (including married/divorced/widow) applicants?
Only father’s name is appropriate to be abounding in the PAN appliance (Form 49A). Changeable applicants, irrespective of conjugal status, should abode alone father’s name in the PAN appliance
24. Is it compulsatory to acknowledgment blast numbers on Anatomy 49A?
Telephone cardinal is not compulsory, but if provided it may advice in faster communication.
25. Who can administer on annual of non-resident, minor, lunatic, idiot, and cloister of wards?
Section 160 of IT Act, 1961 provides that a non-resident, a minor, lunatic, idiot, and cloister of wards and such added bodies may be represented through a Representative Assessee. In such cases, appliance for PAN will be fabricated by the Representative Assessee.
26. I had activated to the administration but I do not apperceive my PAN?
Please acquaintance the Aaykar Sampark Kendra (ASK) at 0124-2438000 (or 95124-2438000 from NCR) or appointment the www.incometaxindia.gov.in and go to ‘know your PAN’.
27. Are there any accuse to be paid at IT PAN Annual Centres or TIN Abetment Centres?
UTIISL and NSDL accept been accustomed to aggregate Rs.60 Annual Tax as applicable, per PAN appliance and this includes bulk of a alter affidavit PAN card. This bulk will accept to be paid in banknote at IT PAN Annual Centre or the TIN Abetment Centre.
28. Do you charge to administer for a PAN back you move or alteration from one burghal to another?
Permanent Annual Number, as the name suggests, is a abiding cardinal and does not change during lifetime of PAN holder. Changing the abode or city, though, may change the Assessing Officer.
Such changes must, therefore, be intimated to aing IT PAN annual centre or TIN abetment centre for appropriate alteration in PAN databases of the Assets Tax department. These requests will accept to be fabricated in a anatomy for ‘Request for new PAN agenda or/ and changes in PAN data.’
29. I had activated to UTITSL/ NSDL a ages ago but I accept not accustomed my PAN agenda and I accept to book my acknowledgment of income.
Please acquaintance Aaykar Sampark Kendra (0124-2438000 or 95124-2438000 from NCR) or www.incometaxindia.gov.in or accelerate an email to [email protected]
30. Will the absolute PAN cards issued by the Administration abide valid?
All PAN allotted and PAN agenda issued by the Administration will abide valid. All bodies who accept been allotted a PAN charge not administer again.
31. Assets Tax Administration has issued me a PAN card; can I access a new alter affidavit PAN card?
For accepting the alter affidavit PAN agenda an appliance will accept to be fabricated in the anatomy for ‘Request for new PAN agenda or/ and changes in PAN data’ to IT PAN annual centre or TIN abetment centre, in which absolute PAN will accept to be adumbrated and old PAN agenda surrendered. The acquittal of Rs.60 Annual Tax as applicable, will additionally accept to be made.
32. I had activated for PAN and accustomed PAN cardinal but accept not accustomed the PAN Card?
Apply in the anatomy for ‘Request for new PAN agenda or/ and changes in PAN data’ at any IT PAN annual centre or TIN abetment centre commendation the PAN allotted to you.
33. How will the new PAN agenda be delivered to me?
The UTIISL or NSDL, as the case may be, will ensure commitment of new PAN agenda at the abode adumbrated by you in the PAN appliance anatomy or anatomy for ‘Request for new PAN agenda or/ and changes in PAN data.’
34. I appetite to pay taxes today but I do not accept a PAN?
It takes about 15 canicule to get a new PAN allotted. However, PAN can be acquired in about 5 canicule if appliance is fabricated through Internet and processing fee paid through acclaim card. It is appropriate to admit activity for accepting PAN will in time.
35. Who should be contacted for inquiries apropos PAN applications?
All such inquiries should be addressed to:
The Vice President IT PAN Processing Centre, UTI Investor Casework Ltd Plot No. 3, Sector – 11 CBD – Belapur Navi Mumbai-400 614
The Vice President Assets Tax PAN Casework Unit, NSDL 4th Floor, Trade World, A Wing Kamala Mills Compound, S. B. Marg, Lower Parel, Mumbai-400 013
How to get a new PAN card
Courtesy: Assets Tax Department
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