Need To Get A PAN Card? Here’s All You Need To Know

Do it’s essential get hold of a Permanent Account Number (PAN) card? A Everlasting Account Quantity is a 10-digit alphanumeric quantity issued by the Earnings Tax Division. This quantity is exclusive for every revenue tax assessee. A ​PAN permits the Earnings Tax Division to determine all transactions made by a possible revenue tax assessee. These transactions embody tax funds, tax deducted at supply (TDS)/tax deducted at assortment (TCS) credit and revenue tax returns. Furnishing a PAN is required for finishing up a spread of duties, comparable to opening a checking account or a demat account, or making massive transactions. A PAN card can also be accepted as legitimate picture identification at most organisations.​

How To Get A PAN Card

Which Type To Use?

A ​​​PAN card may be obtained by filling up the shape 49A (49A for Indian residents and 49AA for overseas residents). 

The place To Submit A PAN Utility?

A PAN utility may be submitted on-line by way of the NSDL or UTIITSL ​web site. These are: www.tin-nsdl.com and utiitsl.com, respectively. (Additionally learn: Why having a PAN card is essential)

How A lot Does A PAN Utility Price?

The fees for making use of for a PAN vary from Rs 93 to Rs 864 (excluding GST or Items and Providers Tax). For a communication tackle situated throughout the nation, a cost of Rs 93 (plus GST) is relevant, and for a communication tackle outdoors the nation, a cost of Rs 864 (plus GST) applies, in accordance with the I-T division’s web site.

How To Make Fee?

The fee in direction of a PAN card utility may be made by way of a credit score/debit card, a requirement draft or web banking, in accordance with the Earnings Tax Division.