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PAN Card

Your key to financial identity: Apply for PAN Card today.

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What is PAN Card?

PAN (Permanent Account Number) Card is a unique identification number issued by the Income Tax Department of India. It is a 10-character alphanumeric code that serves as a universal identification key for all financial transactions of an individual or a company. The PAN Card contains personal details such as the name, date of birth, photograph, and signature of the cardholder, along with the PAN number. It is mandatory for individuals and businesses to obtain a PAN Card to file income tax returns, conduct financial transactions, and comply with other financial laws and regulations in India.

Who Can apply for PAN Card?

Any individual, whether a resident or non-resident of India, can apply for a PAN Card. Additionally, companies, partnership firms, trusts, and other entities operating in India can also apply for a PAN Card.

Documents Required for PAN Card

The following documents are required for applying for a PAN Card in India:

  1. Identity proof - Any one of the following:

    • Aadhaar Card issued by UIDAI
    • Voter ID Card
    • Driving License
    • Passport
    • Ration Card with photograph of the applicant

  2. Address proof - Any one of the following:

    • Aadhaar Card issued by UIDAI
    • Voter ID Card
    • Driving License
    • Passport
    • Electricity Bill (not older than 3 months)
    • Telephone Bill (not older than 3 months)
    • Bank Account Statement (not older than 3 months)

  3. Date of birth proof - Any one of the following:

    • Birth Certificate issued by Municipal Authority
    • Aadhaar Card issued by UIDAI
    • Passport
    • Driving License
    • Matriculation Certificate
    • Pension Payment Order
    • Marriage Certificate (if applicable)

In addition to the above documents, a recent passport-size photograph of the applicant is also required.

Benefits of PAN Card

PAN Card has the following benefits:

  1. Identification: PAN Card serves as a valid identification proof and is widely accepted as a primary ID proof in India.

  2. Income Tax: It is mandatory to have a PAN Card to file income tax returns in India. The card helps the Income Tax Department to track and monitor all financial transactions of an individual or a company.

  3. Financial transactions: PAN Card is necessary for making financial transactions such as opening a bank account, investing in stocks or mutual funds, buying or selling property, etc.

  4. Credit card application: PAN Card is mandatory to apply for a credit card in India.

  5. Government schemes: PAN Card is required to avail of various government schemes and benefits such as subsidies, grants, etc.

  6. Business requirements: PAN Card is essential for businesses to carry out various transactions, such as paying taxes, filing returns, etc.

  7. International transactions: PAN Card is required for any international financial transactions, such as making foreign investments or receiving foreign funds.

Faq

Q1. Is it mandatory to have a PAN Card?
No, it is not mandatory to have a PAN Card, but having one is highly recommended for financial and identification purposes.
The fee for applying for a PAN Card varies depending on whether it is being applied for by an individual or a company and whether it is a new application or a duplicate card.
After submitting the application and required documents, it typically takes 15-20 working days to receive the PAN Card.
You can apply for a duplicate PAN Card by submitting a request through the NSDL or UTIITSL websites or through authorized PAN service centers.