PAN Application

PAN Card Application

What is a Permanent Account Number (PAN) Card?

A PAN card is a unique identification mark allotted by the IT department to all taxpayers in India. A PAN card displays the PAN number, a ten-digit alphanumeric code that helps the authorities keep a record of the financial activities of an individual across all platforms. In India, PAN is an important identity proof. An individual must have to be obtain PAN before engaging in certain transactions like a financial transaction exceeding a specified (may changed in time to time) amount, must have to quote pan card in the transaction slip is necessary, even though PAN card application is voluntary. Every business entities other than Proprietorship Firms must have to apply for PAN Card within 30 days of its formation or incorporation. PAN card of the proprietor is enough to run a Proprietorship Business.

Apply for PAN Card Online

Uses of Permanent Account Number (PAN)

Compulsory for Opening Bank Accounts

PAN Card is necessary to submit KYC documents, which is most essential part of any bank account irrespective of a personal savings bank account to business current account. Even though Basic Savings Bank Deposit Accounts (BSBDA), which includes zero balance savings accounts like Jan Dhan doesn’t require a PAN Card.

Necessary for Income Tax Return (ITR) Filing

PAN is a must to file ITR of an Individual or Business, as all the information filed is associated to Permanent Account Number for faster assessment and processing.

Nationalized Identity Card

Permanent Account Number (PAN) Card is accepted all over the country as a valid Identity proof for every individuals and businesses. From opening a bank account to Government Registration, PAN card of individual or business is a primary requirement.

Mandatory for TDS and TCS Transactions

For Every person Tax Deducted at Source or Tax Collected at Source must mention their PAN and also of the deducted person, to avail him the benefit of tax credit.

Documents Requirement for PAN Application

Address Proof

Copy of Aadhaar/ Passport/ Driving License/ Voters Id or any other valid ID cards

Photograph

Latest Passport Size Photograph

Birth Certificate

In case of minor individual

ID Proof of Parent

Any id proof of parent (in case of minor applicant)

Certificate of Incorporation

In case of Company/LLP

Agreement

In case of LLP/Partnership

Entity Stamp

Entity stamp in case of Partnership, LLP, Company

Structure of PAN

For unique identification, a specified structure of 10 digit code is provided

First three characters: Alphabetical series from AAA to ZZZ
Fourth Character: Informs about status of assessee
Fifth Character: Fifth character of assessee’s last name
Sixth to Ninth Characters: Sequential numbers from 0001 to 9999
Tenth Character: Numeric check digit generated automatically

Apply for PAN in 3 Easy Steps

Step 01

Register & Pay

Select any package suits your requirement
Fill up the form which will take less than 10 minutes
Provide details & upload documents required for PAN Application
Make payment through secure payment gateway.

Step 02

We Will Help

Your queries will be answered quickly and effectively
Review of Application and information provided
Preparation and Submission of Application

Step 03

PAN Allotted

Your PAN Application is filed and you will get your soft copy of PAN in 3days. Physical Copy of PAN will be delivered to your given Address

All this takes 3 – 5 Working Days*.
*Subjected to Government Processing Time.

The Process of PAN Application

Day 1

Collection of Information
Collection of required documents (Scanned copies)

Day 2 - 3

Review of documents and information provided
Preparation and filing of PAN Application

Day 4 - 5

Your PAN Number Generated
*Subjected to Government Processing Time

Frequently Asked Questions

Who can apply for PAN card?

Any Indian citizen, including a minor and business entities like partnership firms, LLP, Companies can apply for allotment of Permanent Account Number by furnishing valid proof and documents. Foreign individual or entity can also apply for PAN allotment.

Whether new business requires PAN card?

Yes, all the business entities other than Proprietorship firms should have to apply for a Pan card online or offline within 30 days of establishment in India. A sole proprietorship firm does not needed to have a separate PAN as the same having any separate identity than of the proprietor.

What is the validity of PAN card?

An allotted PAN (Permanent Account Number) comes with life time validity for either individuals or business entities, but in the case of any dissolved or closed companies must surrender the allotted PAN to the Income Tax Department.

In how much time is the Permanent Account Number (PAN) allotted?

In normal cases, it won’t take more than 5 to 7 working days from the date of filing PAN application to allot a PAN, the registered user will get a soft copy of the PAN card by the time and the receipt of physical PAN Card may take a few more days.

Can I hold more than one PAN card?

No. An individual is only allowed to hold one PAN card and if anybody holds more than one pan card may attract a penalty of Rs. 1000/- under section 272B.