PAN CARD

Presentation On

Presented BySagar R. Umap

Permanent Account Number (PAN) is Ten-Digit Alphanumeric Number, issued in the form of a laminated card , by the income tax department, to any “person” who applies for it or to whom the department allots the number. Under Section 139A of Income tax Act,1961.

PAN enables the department to link all transaction of the “person” with department such as ,

• Payment of direct taxes

• Tax Assessment

• Tax Demand

• Matching information to investment, raising loan,

• And also other business activities of taxpayers.

What is PAN Card?

Why Pan Card?

Sale or purchase of immovable and movable property @ 5 lakh or above

A time deposit exceeding fifty thousand rupees by cheque or cash, in any

banking company in one day.

A contract value exceeding one lakh rupees, for sale or purchase of

securities.

Opening a bank account.

Making an application for installation of a telephone connection.

Payment bills of hotel exceeding 25 thousand at a one time.

Payment in cash in connection with travel to any foreign country of an

account exceeding 25k at one time.

Why Pan Card?

All existing assesses or Taxpayers or persons who are required to furnish a

return of income, even on behalf of others, must obtain PAN

Any Person carrying on any business or profession whose total

sales,turnover,or gross receipts are or likely to exceed five lakh rs.in any

previous year.

Any Person, Who intends to enter into financial transaction where quoting

PAN is Mandatory.

The Assessing Officer may allot PAN to any person either on his own or

on specific request from such person.

Authority to Issue

For UTIISL For NSDL

The Vice President

IT PAN Processing Centre,

UTI Investor Services Ltd

Plot No. 3, Sector - 11

CBD_ Belapur

Navi Mumbai-400 614

e-mail.- utiislgsd@

mail.utiisl.co.in

Tel No. 022-27561690

Fax No. 022-27561706

The Vice President

Income Tax PAN Services Unit,

NSDL

4th Floor, Trade World, A Wing

Kamala Mills Compound,

S. B. Marg, Lower Parel,

Mumbai-400 013

e-mail.- tininfo@nsdl.co.in

Tel No. 022-2499 4650

Fax No. 022-2495 0664

Applicants

Individual

Firm

Body Of Individual

Hindu Undivided Family (HUF)

Association of Person

Artificial Judicial Person

Gov. Agencies

Limited Liability Partnership

Through Internet

(https://tin.tin.nsdl.com/pan/index.html ) or portal of UTITSL

(http://www.utitsl.co.in/utitsl/uti/newapp/new-pan-application.jsp ).

Payment

If communication Address is within India

(a). The fee for processing PAN application is 96.00 ( 85.00 + 12.36% service tax).

(b). Payment can be made either by

- Demand Draft

- Cheque

- Credit Card / Debit Card

- Net Banking

Payment

If communication Address is outside India

(a) The fee for processing PAN application is 962.00

[(Application fee 85.00 + Dispatch Charges 771.00) + 12.36% service tax].

(b) Payment can be made only by way of Demand Draft payable at Mumbai.

(c) At present the facility for dispatch of PAN cards outside India is available for a select list of countries. Applicants from other countries may contact NSDL at the contact details given on website.

Procedure:-

1. Do Use ‘Form 49 A’ for making application for allotment Of PAN

2. Do fill the application in block letters in English and preferably with black ink.

3. Do paste a recent colour photograph(Size 3.5 X 2.5 cm)

4. Do Provide the signature within the Box.

5. If Thumb Impression is put on the application form, do get the thumb impression

attested by Magistrate Gazetted officer ,under official seal and Stamp.

Procedure:-

Do provide correct AO code in the application

Do specify AO code as bellow if applicable is a defence employee

Army-PNY W 55 3

Navy-MUM W118

Air Force-Del W 72 2

Do attach proof of identity (POI) and proof of address (POA) as per Rule 114 (4) of Income Tax Rules, 1962.

Procedure:-

12 Do write the complete postal address in the application with landmark.

13 Do mention correct pin code in the address field.

14 Do mention telephone number/ e-mail id in the application

Procedure:-

Do not overwrite or make Correction in the application.

Do not pin or staple the photograph.

Do not sign across the box (i.e. signature should be within the box)

Do not provide POI and POI which are not in the name of the

applicant.

Do not write any additional details ( date, designation, rank, etc.)

along with the signature in the box)

Procedure:-

1. Do not mention Husband’s Name in the Father’s Name column.

2. Do not abbreviate your name or do not use initials.

3. Do not apply for a new PAN If you already have one.

Proof Of Identity ( Copy Of Any)

Proof Of Address ( Copy of any one)

School Leaving Certificate Electricity Bill

Matriculation Certification Telephone Bill

Degree of recognized educational Institution

Depository Account Statement

Depository Account Statement Credit Card Statement

Bank Account Statement /Passbook

Bank Statement/Passbook

Credit Card Employer Certificate

Documents:-

Water Bill Rent Receipt

Ration Card Ration Card

Property Tax Assessment Order

Property Tax Assessment Order

Passport Passport

Voter’s Identity Card Voter’s Identity Card

Driving License Driving License

Certificate of Identity signed by a member of Parliament or a member of legislative Assembly or Municipal Councilor or a Gazetted Officer

Certificate of Identity signed by a member of Parliament or a member of legislative Assembly or Municipal Councilor or a Gazetted Officer

Documents:-

Sr.No Company Copy of Certificate of Registration issued by the Registrar

1 Firm Copy of Certificate of Registration issued by the Registrar of Firms or copy of partnership deed.

2 Association of persons (Trust

Copy of trust deed or copy of certificate of registration number issued by Charity Commissioner.

3 Association of persons (other than Trusts

Copy of Agreement or copy of certificate of registration number issued by charity commissioner or registrar of cooperative society or any other competent authority or any other document originating from any Central or State Government Department establishing identity and address of such person.

Category of Applicant Proof of Identity Proof of Address

Citizen of India located outside India at the time of application for PAN.

Copy of passport •Passport or, •Bank account statement in country of residence or •NRE bank account statement**

Foreign Citizen located in India at the time of application for PAN

•Copy of Passport or •Copy of Person of Indian Origin (PIO) card issued by Government of India or •Copy of Overseas Citizen of India (OCI) card issued by Government of India

•Copy of Passport or •Copy of Bank account statement in India or •Copy of Residential permit issued by the State Police Authorities or •Copy of Registration certificate issued by the Foreigner's Registration Officer or •Copy of Person of Indian Origin (PIO) card issued by Government of India or •Copy of NRE bank account statement** •Copy of Overseas Citizen of India (OCI) card issued by Government of India In case ‘Office Address (of India)’ is mentioned in application made by foreign citizens , then it is mandatory to provide all four documents mentioned below as proof for office address in addition to the above residence proof:•Copy of Visa granted + •Copy of appointment letter/contract from Indian Company + •Certificate (in original) of address in India of applicant issued by authorized signatory of employer on employer’s letter head mentioning the PAN of the employer + •Copy of PAN card for the PAN mentioned in the employer’s certificate.

Category of Applicant Proof of Identity Proof of Address

Foreign Citizen located outside India at the time of application for PAN

•Copy of Passport or •Other National ID attested by Indian Embassy/Consulate/High Commission/Apostille or •Person of Indian Origin (PIO) card issued by Government of India or •Copy of Overseas Citizen of India (OCI) card issued by Government of India

•Copy of Passport or •Other National ID attested* by Indian Embassy/Consulate/High Commission or •Bank account statement in country of residence, duly attested by Indian Embassy/High Commission / Consulate / Apostle in the country where applicant is located or •Person of Indian Origin (PIO) card issued by Government of India or •NRE bank account statement** •Overseas Citizen of India (OCI) card issued by Government of India

Category of Applicant Proof of Identity

Other than Individual having no office of their own in India

•Copy of registration in India or of approval granted to set up office in India by Indian Authorities or •Copy of registration certificate of their country duly attested * by Indian Embassy/ High Commission or Consulate in the country where applicant is located In case the applicant mentions address of ‘Indian tax consultant’ as “care of” address then the original power of attorney notarized / attested* by Indian Embassy/ High Commission or Consulate located in the country where applicant is located, which specifically mentions that ‘Indian tax consultant’ is authorized to accept notices from Income tax Department on behalf of the applicant should also be provided..