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Friday, September 10, 2010

Pancard Forms|Permanent Account Number FORM

Permanent Account Number is abbreviated as PAN. It is a laminated card with ten-digit alphanumeric number issued by the income tax department of India. PAN card has become a mandatory since 1st January 2005. The PAN number has to e quoted for all correspondence with income tax department of India.

Pan Card India


Download PAN CARD FROM http://www.tin-nsdl.com/DownloadsPAN.asp


It is also compulsory to quote the PAN (Permanent Account Number) number for any financial transaction, buying old immobile property, mobile vehicles or even simply depositing amount exceeding 25,000 Indian Rupees and on income tax return. PAN card (Permanent Account Number) should be mandatory for all persons paying tax for themselves or on behalf of others. It is needed for NRI also; it serves as a proof of Indian ID for carrying out any kind of financial transaction in India. It is against the law to having more than one card.

What is a PAN Card? PAN stands for Permanent Account Number (PAN). It is a 10 alphanumeric number, issued in the form of a laminated card called the 'PAN Card', by the Income Tax Department of India. The government has made PAN mandatory to be quoted on the tax returns & all financial correspondence that happen in India. It is also compulsory to quote PAN Number in all documents pertaining to economic or financial transactions, even if you are a foreign company located outside India, you would still need a pan number to do business with any Indian company.

Do you pay taxes if you have a PAN? To begin, it is always advised to have an Income Tax PAN Card. Having an PAN doesn't mean that you have to pay taxes. One only pays taxes if he/she is generating income from or in India. However, it is always recommended that you still file taxes (though zero returns/tax) even if you don't qualify to pay tax. Doing so would help boost your credibility and would help you in future if you ever wish to raise loans or commence business, etc.


Why NRI, PIO & OCI need a PAN Card?
It can be considered as an Indian tax id & it's compulsory to mention your Income Tax PAN number if you intend to carry any kind of financial transaction in India, from buying real estate, to open a bank account, open Demat/trading account, to invest in India, and more... (serves as an Indian ID proof too).

we provide assistance to NRIs, by helping them apply for a PAN in India.


Our Intermediary Role for NRIs, PIOs & OCIs is to:

  • Guide our clients about how to apply for a PAN Number?

  • Assist them to download the PAN application & explain how to fill a PAN Card form.

  • Submit the PAN application & follow up with the Income Tax PAN Department on behalf of the Client.

  • Enable them to track & check the status of PANCard online & get it delivered to a foreign address.

PAN application fees within India is Rs 94, for processing PAN card from outside India is Rs 744. The payment can be made by Credit card, Demand draft or cheque. It takes around five working days to get the PAN card if applied online and payment made by credit card otherwise it may take 15 days or more.

  • Inquiries regarding PAN card can be addressed to The Vice President, IT PAN Processing center utiisl-gsd@mail.utiisl.co.in OR to The vice President Income tax pan services unit NSLD e-mail- tininfo@nsdl.co.in
    These are the websites for obtaining PAN card, Tracking service and related services

3 comments:

  1. I wanted to apply for pan card and was having difficulty, even for knowing the pan card number is difficult.know your pan card number

    ReplyDelete
  2. Have you tried InvestBak yet? I got my PAN Card in California from Investbak in just 30 days!InvestBak works absolutely fine for all NRI's to get thier PAN card in just a few simple steps.
    Contact them at: http://www.investbak.com

    ReplyDelete