A PAN, which is a commonly used name for the permanent account number, is a code or an electronic system that acts as identification for all the taxpayers of the country, including individuals, families, corporations, etc. The PAN Card consists this 10-digit PAN number, card holder full answer

A In India, PAN card has become an essential document to have for most of the financial activities taken by an individual or companies. It also serves as a recognized proof of identity for Indian citizens. PAN card is also the most important document for filing income tax returns and to receive tax refunds full answer

A Some of the mandatory uses of PAN card are: While paying direct taxes. While paying income tax To register a new business To deposit an amount more than Rs. 50,000 To acquire a bond by paying an amount of equal or more than Rs. 50,000. To sell or purchase an immovable property valuing Rs. 5 lakhs or more. To purchase or sell a vehicle except a two-wheeler Payments towards travel requirements outside India valuing more than Rs. 25,000. To purchase jewelry valuing more than Rs. 5 lakhs. Purchase of mutual funds Purchase of shares valuing more than Rs. 50,000 To remit money outside India Purchasing insurance policies assessing more than Rs. 50,000 full answer

A The PAN card issued by the Income Tax Department has few specifications which are of three types. PAN card for Individual Indian Citizens- it is used to track of every taxable income and financial transactions. The IT department is responsible for calculating the taxes of individuals based on it. PAN card for Indian companies- the functionality of this type is similar to that of the individual one. The total income is kept track of. The difference in PAN card includes the absence of any picture and the date of registration of the company at the area of the date of birth. PAN card for foreign Citizens- it is an important document for foreigners who wish to run their business venture in India along with investments. There is a difference in an application form, which is of 49AA type. full answer

A The PAN card number is effective because of the arrangement of the numbers and alphabets which makes it unique for every person residing in the country. This structure of PAN card is automatically generated by following a specific pattern which is mentioned below. The PAN card number is arranged in the form of AAAPL1234C. The five characters in the first are basically letters which are followed by four numerals along with a letter as the last character. The three characters with which the PAN card number will begin will be having the sequence of alphabets ranging from AAA-ZZZ. The character which is in IV position will be signifying the taxpayer's status. So if you are obtaining the PAN card where the fourth letter is P, then it will stand for the individual taxpayer. The character in the fifth position will be representing the first character of the surname of the account holder. The four numbers will be ranging from 0001-9999. The 10th character will be signifying the check digit. full answer

A Old PAN Card: In order to address all the shortcomings of GIR that is General Index Register Number, the first PAN card was launched in 1972. It had a lot of issues which are: The central database was deprived of proper maintenance, and hence there was no feasible way that one can utilize for verifying the allocation of multiple PAN cards to the taxpayers. All the data of the PAN card holders were not properly structured, and the details were not captured properly except the primary ones like address, name, etc. Previously the PAN card was not indicated to be the permanent number as it had a lot of dependency on the jurisdiction and hence it kept on changing whenever the assessee was changing their location. New PAN Card: All the taxpayers who were taking the advantages of paying the taxes or having that monetary transactions were all assigned with the unique number in order to link the processing documents and transaction of a particular taxpayer. That is why the new PAN card came into the system which is having a lot of limitations. Places like Delhi, Chennai and in Mumbai holding of PAN card is considered to be mandatory. This pan card will be linked to all the information related to tax which one made recently or in the past, and they will be provided with the identification number as well. From the central database, it is very easy to retrieve the information in this new PAN card. A lot of efficiencies have been maintained in the data recording and segregation. All your financial information will be mapped against the single PAN card, and it will be holding a lot of investment details including debit, credit, and loan which will thereby help in tracing a single person and continuing the tax evasion. full answer

A PAN card stands for Permanent Account Number is a crucial identification of several taxpayers in a country. The 10-digit code is completely unique and is used for identifying every Indian who are paying taxes. This system is computerized, and if you are a PAN holder, then you will be provided with the PAN after you successfully submit the form and the mandated document. Irrespective of the changes that your address is going through, the PAN number will remain unaffected. So, every person who is residing in India is eligible for having PAN card. full answer

A If you don't own a PAN card, then your tax will be deducted at a high rate. A person will not be able to provide an application under the section of 197 or perform the file declaration under the section of 197A if they do not have a PAN card as both of these sections require PAN card. One will have to pay the penalty of Rs 10,000 for performing the non-quoting of the PAN card. Without having a PAN card, one will not be able to purchase or sell the motor vehicle apart from two-wheelers. One will not be able to request the bank to issue the credit or debit card if they do not have a PAN card. If you are paying at a restaurant or hotel and the amount is exceeding the limit of 50000 rupees, then you won't be able to make the payment without the PAN card. One will not be able to sale or make a purchase of any sort of services and goods which are not under the rule of 114 b. If the transaction amount is exceeding the limit of 2 lacs per transaction, then you won't be able to make it without PAN card. If you are trying to pay for any traveling expenses to the foreign country or you are trying to pay for the purchase of foreign currency which is exceeding the limit of 50000, then it will not be possible without having a PAN card. full answer

A PAN card is a unique code which is provided to every citizen of India. It consists of 10 digits. It is an identifier consist of alphanumeric series, and it is issued under the act of Indian Income Tax Act 1961. The department of Indian Income Tax issues this pan card under the guidance of the Central Board of Direct Taxes. PAN card is known to be a crucial proof when it comes to identification. Even the foreign nationals can obtain this pan card. Both the PAN card along with the linked cards have been issued under this section of 139A. full answer

A PAN card is basically important in order to track all the information related to the account transactions and income taxes of a person. It is not possible to replace the utility of PAN card but when it comes to proving your basic identities then you can use other crucial government ID is like aadhar card or voter ID. PAN card has its own significance, and that is why it is also very important to link the Aadhaar card with PAN card as well for finding the income tax returns. full answer

A Technically speaking, a PAN or a Personal Authentication Number is an alphanumeric code of 10 digits which is assigned to every individual with an income by the Income Tax Department of India. PAN card is required for the smallest and the simplest of transactions, financially, like for opening an account, applying for a credit card or even a debit card. This document is unique to every individual and may be assigned either to an individual or even a company. Application for a PAN Card these days can be by two modes these days. You can either fill out application forms specified by the Income Tax Department, most commonly the 49A type for residents, followed by submission in the appropriate sector along with visual proofs of residing permanent address, identity proof mainly in the form of an AADHAR card and a birth certificate. This falls under the offline mode of application. An online method is also applicable these days. You have to log in to the official website of National Securities Depositories and fill the necessary fields. The complete process is not online though. After completing all the mandatory entries, you have to compulsorily send a printed receipt of an acknowledgment to the NSDL or UTI Infrastructure Technology. These agencies are authorized by the Income Tax Department to facilitate the application process of PAN card. full answer

A The form for PAN card is generally called the 49A type. Log in to the official site of the Income Tax Department and download a setup file. Then extract this file on your computer system. When you double click on the extracted file, the utility software which is a fillable opener will automatically get installed. Once that is done, download the application form. When you click on this, the form will open in the fillable format, print it and fill it up. full answer

A In order to apply for the PAN card, one will have to download the form from the NSDL official website. After filling the form, they will have to make a payment of 93 rupees with 18% GST that will all together sum up to rupees 110. Until and unless the payment is being made the process will not start. If you live in the same country you will have to pay this price otherwise the pricing will be different. People living in different places and paying through different payment mode will have different fees. There is no price for filling the application form but to process it you will have to pay the price. full answer

A In order to get the PAN card, one needs to opt for the registration form from the official website of NSDL. Irrespective of whether they are filling the form online or offline they will have to provide all the details in the form only. After the successful completion of the form submission, one will have to send all the mandatory document through post or courier services. So for availing the PAN card, you will always have to opt for the form instead of plain paper when it comes to following the protocol. full answer

A The application forms are primarily of two types. The 49A type is for citizens of India, companies based in India or international companies that have their franchises in India. It is available for download from the official website of NSDL and can be filled online or offline. Another one is called 49AA type, which is applicable for citizens not belonging to India or entities that are not based in the country. This can only be applied through an offline route. full answer

A Certain documents are compulsorily needed to be submitted with the PAN card application. Identity proof- the proof of identity is very important, and it can be sufficed by submitting a copy of the voter's card, passport, driving license, photo-affixed ration card, a copy of AADHAR card, license for arms etcetera. For a minor, similar documents of parents or guardian will be valid. Address proof- there has to be an authentication of the place of residence. It can include a copy of anything that has the address printed like that of an electricity bill, broadband bill, landline bill, credit card or bank account statement etcetera. Proof of date of birth- this determined the age correctly. It can include a legitimate copy of the birth certificate by the local municipality, marriage certificate, order for pension payment etcetera. The documents are required for foreign citizens as well, with a special preference for the passport. full answer

A All the applicants who are applying for the PAN card and are residing in the same country will have to pay Rs 110 that will include the processing fee as well. The fee for processing will be Rs 93 along with the addition of the GST of 18%. Previously there were several discrepancies related to the fee of processing the PAN card, but now the government has issued a uniform charge for all the people who are opting for PAN card and are residing in the same country. So, one can easily get the opportunity of paying different charges if they are opting for different methods for payment. full answer

A If you are applying for the PAN card using the online mode, then you will have to visit the website of NSDL. You will have to provide all the details which are stated to be mandatory. After the completion of the form you will have to submit it by paying the processing fee which will be rupees 93 by excluding the GST, it is for the people who are residing in India and for foreigners they will have to pay an amount of rupees 864. You will be provided with the acknowledgment number. After the completion of the payment, you will have to send all the mandatory documents with the help of post or courier to the office of NSDL. After receiving the documents, the processing will start. full answer

A It is mandatory to mention your phone number or email id in the PAN Card application. If the applicant provides the email id, he/she will receive a copy of PAN card as soon as the PAN number and the card is allotted. The phone number is important to receive the updates, dispatch details and also an SMS with your new PAN number as soon as the card is allotted. Also, the phone number is important for communication in the event of any discrepancy. full answer

A Irrespective of whether you are submitting the form online or offline you will have to opt for the postal services for sending all the identification and verification documents for initiating the processing of PAN card. full answer

A One will have to download the form for PAN card application from the official website of NSDL. After providing all the details, one will have to submit it. Then you will have to pay the processing fee which will be near about 93 rupees, and it will also include the extra GST. After paying the summed up amount, the processing will start. Irrespective of whether you are filling the form online or offline you will have to provide all the mandatory document through courier/postal service, and once they receive it, they will start the process. During this entire time, you can check the status by using different methods. So basically the office of NSDL will be receiving all your documents for allocating you with the 10 digits alphanumeric unique PAN card number. When you are filling online form, you will be provided with an acknowledgment number. full answer

A 49A is basically the application form which is used for the allotment of the PAN number for the Indian citizens. One will have to pay the amount of Rs 110 to obtain the PAN card. If you are living in abroad, then you will have to pay rupees 1020 which will include the application fee of 93 rupees with dispatching charges of 771 rupees along with the 18% GST. Is it necessary to mention the father's name in the application form for a female who is married/widow/divorced? When you are filling the form of 49A to obtain the PAN card, you will have to provide the father's name. The name of your father must be provided irrespective of the marital status. full answer

A A PAN Card being a photo id proof of a citizen, it is imperative that it is clear and decipherable. Ideally, the size of the photograph for PAN card is 5.4cm X 5.4cm, and not less than 30KB. full answer

A Yes, you have to submit two photographs while applying for your PAN card. But, ensure not to staple them as that might cause damage to it which will distort the picture on your PAN Card. full answer

A Changing the photographs on your PAN card is a simple online procedure. full answer

A The process is the same for you, even if you are unable to sign. Instead of a signature, you only need to give your left thumb full answer

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A Yes, you will receive an acknowledgement that contains a unique 15-digit number. full answer

A After you submit the application, you will be provided with the acknowledgment number or the coupon number. For checking the status of the PAN card, you will have to visit the website of UTI. There you will have to provide the coupon number of the application which will be of 15-digit number. After providing the number, you will have to submit it for checking the current status of the PAN card. By using the website of NSDL, one can easily start tracking their status of PAN card after 24 hours of submitting the application. PAN card is a vital document for every Indian citizen for simplifying the financial transactions tracking system. full answer

A After the processing starts for the PAN card, you will have to wait for at least 15 to 20 working days to get the PAN card. One can easily check the status of the PAN card which makes it easy for the applicant to track it. Moreover, when you are applying through the online mode you will have to send the documents through a courier or post service, so once it is received, you can only start counting from that day after it has been received. full answer

A Yes, one can definitely apply for the PAN card through offline mode as well. All you have to do is visit the website of UTIITSL or NSDL and download the application form, or you can collect the same from the agents. After filling the form with the mandated information, you will have to attach the important documents that can prove your identity, residing address along with your photograph. Now you will have to visit the office of NSDL and provide them with your application along with the processing fee. So, one will have to wait for at least 15 days to receive the PAN card at the destined location mentioned in the form. full answer

A No, you cannot collect the PAN card from the Income Tax office personally. Once you apply for it online or offline, you will receive the PAN card at your address within 15 to 20 working days. So, ensure it that someone is available at the address that you have stated while submitting the form 49A. However, in case you are not available to collect it and the PAN card goes back to the Income Tax office, you will have to lodge a request for resending it. Follow the simple steps: full answer

A You can find the details of your PAN Card effortlessly by using various mandatory information of it. One of the conventional means to detect the PAN card details is by using the PAN number. So, if you want to find out your PAN card details using your PAN number, follow the simple steps mentioned below: full answer

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A Using your PAN Card number you can find your address conveniently without any hassle. full answer

A Each PAN card is linked to a PAN database and is assigned with a ten digit code of an Assessing Officer, which denotes the jurisdiction of the PAN holder full answer

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A You will need to change your PAN jurisdiction under the following two scenarios: 1. When you change your residence, and thus there is a change in your residential address. 2. When you have some problem with the behavior of your existing Assessing Officer. full answer

A Your address is important for filing your income tax returns, so you must change your address details if you shift to a new locality or a different house. It is also essential to keep the IT department updated with your current address so that all the communications sent by them reach to you on time. Following are the steps for changing your PAN jurisdiction full answer

A If you have any problem with the behavior of the Assessing Officer like he or she is not being professional, or performing his or her duties competently, you can raise a request for changing your Assessing Officer. Follow the given guidelines for changing your jurisdiction: full answer

A The jurisdictional AO code of your PAN card is required to recognize the jurisdiction under which you fall. Therefore, it is important to correct it in case you observe some error or if there is any change in your address. full answer

A Majorly there are four types of AO codes. Each code is meant to recognize and differentiates between an individual and a business along with appropriates tax bracket. It depends on the source of income: full answer

A An AO code consists of four elements. These four elements denote: full answer

A The process of transferring the PAN to a new Assessing Officer is known as the migration of PAN. A migration becomes necessary, as already as stated above due to two reasons, 1. Either when the pan cardholder changes his residence, and the address needs to be updated. 2. Or when he is not happy with the current Assessing Officers mode of conduct. In the first scenario, it is essential to migrate the PAN because: 1. It is vital for filing the income tax returns. The new Assessing Officer can process the Income tax returns filed by the PAN card holder according to the new address. 2. In case there is any communication that needs to be sent to the PAN Cardholder, it is imperative that the Income Tax Office has the most updated address. It is to make sure that you receive all important communication pertaining to your income on time. full answer

A Permanent Account Number or the PAN card number application must be filled in a proper way because it is mandatory for the taxpayers to have it. Since this is an important document and is having National value so one needs to avoid mistakes and take proper precautions in order to avoid errors that can lead to the cancellation of the application. The mistakes which can lead to your PAN card rejection are: Incorrect signature: The signature of the applicant is a prime thing when it comes to application related to any government-issued document. While filling up the form of PAN card, a person will have to sign across the photo and also in the other required places. So if you are signing anywhere which is outside these the places allotted for signature then an error can occur which can lead to cancellation of your PAN card or you will have to rectify it. Blue ink signature: Most of the places, where government application forms are issued, ask people to sign using black ink. You can also use the blue ink, but when it is about PAN card, the wise idea will be to opt for only black ink. Using initials: When you are filling the form for PAN card, it is very important to not provide your initials but the entire name as a part of the signature and also as your identity. According to the protocol issued by the department of Income Tax, a person is always advised to fill the form by using their full names. Photos: Whenever you are filling up the PAN card it is essential to paste to passport size images which will be fixed in the form. If you are attaching the scanned copies instead of original photos, then it is a huge mistake and can lead to cancellation of your PAN card. Whenever you are scanning the photos, the clarity will be lost, and it will cause difficulty when it comes to identifying the applicant. So if you don't want to make the small mistakes that lead to your PAN card rejection then try to fill up the form by following all the protocols. full answer

A To alter the details in your PAN card, use the following easy steps: full answer

A You can change your PAN details either online or offline. For online application, visit the NSDL website. And for offline application, download the PAN card correction form from the link. full answer

A To make any amendments in the PAN data follow the simple steps: full answer

A For correcting your PAN card details, you will need to submit the photocopy of the following documents: full answer

A For submitting the change request offline, you need to follow the given steps: full answer

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A You can apply for the correction of PAN card details under the following conditions: full answer

A If you see the message full answer

A If you want to change your address written on the PAN card you can easily do it online. One will need to download the form of change request from the official website of NSDL. After filling all the required details, you will have to submit the form. It is essential to note that any sort of corrections or changes that are made to the pan card is only valid when you have the PAN card number. So the process of changing your address is stated below: full answer

A Form 60 is for those individual people who want to open their own account for making any sort of cash payment or will have to face the adheres linked with the clauses of the transaction which has been mentioned from A-H in the rule of 11B and is specified under the act of I-T. So, if the concerned person does not hold a PAN card, then they will have to provide the Form 60 as their necessary document along with identity proof and need to prove the relevant address as well. full answer

A Form 60 is basically the declaration which has to be filled by a person or an individual who does not hold any PAN card number or Permanent Account number and wants to enter into any type of transaction which has been specified under the rule of 114b. For availing the form 60, one needs to provide their identity proof with relevant address, and it will allow you to carry out the financial transactions. full answer

A When you are about to carry out any sort of financial transactions you will have to remember minute things that will help you to fill up the Form 60. full answer

A Whenever you are availing the Form 60, you will have to check out all the information that is related to it to understand whether you need this form for the transactions and then you will have to provide all the identification or address related proof which will help you with the documentation and verification. One can only submit Form 60 if they have already applied for the PAN card but the allotment is still pending, and they will have to provide the copy of the several documents mentioned below. full answer

A This Form 61 needs to be submitted by a person who is receiving their income only from the agricultural department or job and is not receiving any sort of income which can be stated as taxable when concluded from the transaction which is discussed in the clauses from a-h falling under the rule of 114b. full answer

A Whenever a person needs to enter into any sort of monetary transactions but does not hold any PAN card number, then they will have to opt for the form 61 to carry out the necessary actions. Form 61 can only be filled out by people who are only gathering income from agriculture sources but does not have any sort of income that will be registered as taxable. full answer

A One can easily submit the form 61 online and offline. They will have to provide the needed documents for proving their identity along with the residential proof and the details which are mentioned below: full answer

A Form 61 is not for everyone, and hence one needs to analyze the motive of filling this form. So whenever you are opting for Form 61, you will have to provide all the supporting documents to verify your basic information starting from address. The documents that one will have to provide are: full answer

A Every citizen of India must have the PAN card with them as it is a vital document. This document is used for keeping a steady track on the financial transaction made by the holder. So if you are someone who is not having their PAN card, then you will need to submit the Form 61 or Form 61 for availing it. Form 60: Form 60 is used as the declaration form that is specifically submitted by the individual who is not having a PAN card number but wants to carry out transactions which are registered under the rule of 114b. Any applicant who does not hold the number of General Index Register but still wishes to make the payment in cash by keeping in mind all the clauses that are mentioned from a-h of the rule 114b will need to submit the Form 60. Form 61: This Form should be submitted by an individual who is not having any sort of income which is registered as taxable and is getting money from agricultural income. Whenever they are having the wish of participating in the transactions which have been specified in the clauses from a-h of the rule 114b they can opt for this form. By looking into the requirement of an applicant, one will have to make the decision whether they would like to submit the Form of 60 or Form 61. full answer

A If you are an applicant who is currently holding more than a single PAN card, then you will have to surrender your additional PAN card because you will have to pay the penalty near about 10000 rupees if you don't surrender it. The reasons why people opt for cancellation process are stated below: If the Income Tax Department has already inadvertently issued the multiple PAN card, you will have to cancel or surrender the additional one. PAN card which you are using currently is containing some errors so you will have to cancel it. One can only hold multiple PAN card if NSDL has mistakenly allotted multiple numbers of PAN card to one applicant. For any particular firm, company or partnership one can easily apply for the cancellation of the PAN card if they are not currently holding any business. If there is a death of any PAN card holder, then their family members can definitely apply for the cancellation of the PAN card. If the applicant is now moving out of the country for a lifetime, then they can cancel their PAN card. full answer

A One can cancel the PAN card for several reasons, some being holding of multiple PAN cards or if they have errors in them. One can definitely opt for the Cancellation Application Form from the online platform by following the below-stated steps: After logging in into the official website of Income Tax Department, you will have to fill up all the details needed to file for the PAN card cancellation. Do read the entire instructions properly in order to complete the filling up of form without any errors and understand all the rules and regulations. After filling out the form for PAN Card Cancellation Request, one will have to provide their PAN which they are currently using, and they will have to mention it on the topmost portion of the form. You will have to provide the details of the additional PAN in the section of item number 11, and you will have to submit the PAN card with the form for cancellation. full answer

A One will have to log in to the website of the IT Department of India. After going through all the instruction which will be visible on the screen, one will have to fill up the complete form available for cancellation of PAN card. After providing all the needed details, they can apply for the cancellation. Another method: Here the PAN card holder will have to fill up the application form of PAN change request. After logging into the registered website of IT Department, they will have to click on the application form of PAN change request. After filling out of the form with proper information, they will have to provide all the details of the PAN that they are currently using on the application form on the top site. You will get a section of item number 11 where you will have to provide all the details which are related to the additional PAN card that you are holding. So after filling out the form of PAN Change Request, they will also have to provide the PAN card which is the additional one in order to complete the process properly. full answer

A One will have to visit the center of PAN card issuer where they will have to get the cancellation form of PAN card. So they will have to fill up the form of 49A which they can easily get from the facilitation center of NSDL. By using this form, one can easily incorporate the type of corrections that their PAN card needs to go through. After filling up the form, you will have to submit that form to NSDL facilitation center, and then you will have to request for the correction of the details of PAN card. One will also have to record the acknowledgment for any future references. You will have to write a letter referring to the concerned Accessing officer, who will be dealing with PAN card issues. Apart from mentioning the personal details, you will need to provide everything related to PAN card. So whenever you are submitting the letter, you will have to include the copy of the duplicate PAN which you want to surrender, with acknowledgment copy that you have obtained from the facilitation center of NSDL. full answer

A There are several reasons why an applicant wants to cancel their PAN. If you are applying for a new one, you will have to fill up the request form where you will have to provide the cheque or demand draft. If you are living in India, then you will have to pay a processing fee of 110. If you are living outside India, then you will have to pay a fee of 1020. One should also mention the name of the applicant along with acknowledging number on reverse part of demand draft and in Mumbai, it will be payable. full answer

A If you are living in India, then you will need a PAN card, and you will have to surrender your pan card if you are leaving India permanently. This is only for the residents who are the citizens of India and depending on your stay in the foreign land you will have to cancel the PAN card. If you are not planning to come back to India, then you can definitely cancel it. full answer

A When you are holding more than a single PAN card, you are under the risk of getting penalized for inadvertently or intentionally acquiring it. So in such cases, you must apply for the surrender of PAN card. You will have to surrender the additional one here. According to the act of 139 of the Income-Tax, one person can only hold a single PAN. So if you have more than one PAN card, then you will have to pay the amount of 10000 as a part of a penalty or fine. To avoid such mishaps, one needs to surrender their PAN card. full answer

A You will have to visit the official website of NSDL and then you will have to select the type of application form correction, changes from the option of PAN reprint option. In this form, you will have to provide all the details related to the date of birth along with the duplicate number of PAN. After uploading the mandated documents, you will have to submit this form and make the necessary payment. Print the acknowledgment receipt. You will have to copy the PAN card which you want to surrender along with acknowledgment receipt with covering letter to the NSDL e-Gov. full answer

A After filling out the form of PAN card, you will have to select the option of correction/change form. You will then have to submit this form to the collection center of NSDL with the needed copies of necessary documents. You will then have to post this acknowledgment slip to the office of NSDL after you have filed the request. You will then have to post the covering letter along with the details of the PAN card where you can request for the cancellation. full answer

A If the person is dead, then you will have to visit the tax office where you will have to fill up the form of cancellation of PAN card. You will have to provide the letter along with the details related to the person deceased like date of birth, name, PAN card with the copy of death certificate. Now, this letter needs to be attached with the form, and then you will have to hand it over to the Assessing Officer of income tax. If the deceased person was the taxpayer, then you will have to provide the income tax return for canceling the PAN card. Any sort of liability related to Income tax will be paid from the assets of the deceased person. full answer

A Online mode: You will have to visit the website of NSDL. Then you will have to fill the form and provide the mandated details. You will have to provide the number of PAN card that you want to cancel in the section of the item 11 present in the form. You will have to carefully review your form and then proceed for making the payment by using net banking, debit or credit card. After submitting it, you will have to collect the printout and acknowledgment receipt. You will have to enclose this receipt of acknowledgment along with dissolution deed. With it, you will have to provide the PAN card copy which you want to surrender along with cover letter where you will have to mention your wish related to surrendering of the PAN card. You will have to send the needed documents then. After the request is completely processed, you will be receiving the notification. Offline mode: For surrendering of PAN card, you will have to write a letter to the officer of Income Tax who is currently under the jurisdiction where the company has been filing the taxes. You will need to inform them regarding the dissolved company and how you want to surrender the PAN card. With this letter, you will have to provide the PAN card that you want to surrender along with acknowledgment. All the documents with letter need to be submitted to the officer of income tax, and one must keep back the acknowledgment which they will be receiving in return. full answer

A KYC is Know Your Customer and is commonly a process mostly used by banks and other financial institutes to verify the individuality of a customer. It was introduced in 2002, by the Reserve Bank Of India, known as RBI. In 2004 it was made compulsory for all banks to have the KYC documents of each customer and by the end of 2005, it has been entirely incorporated by all banks. The verification of customers using their KYC is a full-proof measure which helps financial institutes to fight against corruptions like money legalizing, evading taxes, severe corruption like financing of terrorist activities, etc. As per the rule of Government of India, an income earner has to possess a PAN card, and it is a required document that has to be submitted before initiating any financial transaction with a bank. This validates the identity of an individual or other business entity before he gets into a financial dealing, and it makes sure that there is no scope of fraud or illegal activity from the account. Using PAN for update KYC is of utmost importance to verify the identity of the holder and to avoid any mishaps. Since the income of a person or entity is tagged to the PAN number, it is an useful KYC document. It can echo the essential monetary dealings like salary received in the bank accounts, purchase of any assets or land beyond the income earned in the individual full answer

A If you as a customer have submitted the KYC forms to a bank, you can quickly check the status of the KYC with PAN card. Just follow the steps given below: 1. Go to the official webpage of Central Depository Services Limited by clicking the link 2. Enter the PAN number in the labeled box (Your PAN number is a ten digit number on your PAN Card). 3. Your status will be on the screen. 1. full answer

A A PAN is a Permanent Account Number consisting of 10 unique characters that are allocated to individual or entity who is an income earner in India. The card connects all the financial dealings that are taxable and thus making it suitable for the Government to track the income expense statement along with the tax liability. Whereas, an Aadhaar card contains 12 numeric values and is allotted to all individuals by the Unique Identification Authority of India. It suffices as an address proof along with ID proof. Since it is linked to a person full answer

A It is essential to link the Pan and Aadhaar for the following reasons: Prevent tax avoidance. If you link the Aadhaar and PAN cards, it will easy for the Government to keep track of the financial dealings of an individual or business entity, whose identity along with the address can be verified by his Aadhaar number. This will confirm that every taxable transaction comes to the notice of the Government, thus enabling to protect any tax avoidance. Unique PAN Card. Earlier it has happened that one entity had more than one PAN card and each PAN number was used for performing a certain amount of financial transactions thus creating a loophole in the taxation system. Now, that the PAN card is linked to a unique Aadhaar number, an entity or an individual cannot have more than one PAN number. Thus, ensuring a unique PAN card for a body or individual. full answer

A Yes, will need to link PAN and Aadhaar even if you are not even in a taxable bracket. An Aadhar card is compulsory for availing the Government exemptions. So, it is imperative that you apply for it and also link it to your PAN card to confirm the validity of PAN card. full answer

A No, NRIs do not need to link their PAN and Aadhaar. From 01st July 2017, an exemption has been made for Non-Residential Indians, and they will not have to mention their Aadhaar number while applying for a PAN card or while filing for their income tax returns. full answer

A For online linking of the PAN Card with the bank account, you will need to have a registered login user id and password with your bank. Once you have the same, follow the given steps: full answer

A There are two offline methods of connecting the PAN card with the bank. Over the phone For linking PAN Card with bank account over the phone, follow the simple steps: full answer

A A PAN Card is an alphanumeric number that is unique to almost every citizen of the country residing in India or abroad and who fall in the income bracket. This 10-digit number can be used as a valid government-issued photo identification card anywhere in the world. However, due to some unforeseen situation or indescribable circumstances, you may lose or even damage your PAN card. Though, it may seem like an inconvenience at first, renewing and reprinting your PAN Card is a pretty simple process. You have to apply in the appropriate forum and pay a fee of 110 rupees which includes a processing fee of 93 rupees and 18% GST. This is applicable for people staying in India. If your address is somewhere outside India, the fees go up to 1020 rupees which again includes 93 rupees for processing plus 18% GST but also has additional discharge fees of 771 rupees. full answer

A Your PAN Card is an essential piece of documentation you possess, therefore, if your card gets lost, damaged or there are changes in the information displayed in the card that you want to get changed, you could simply apply for a duplicate PAN Card. Firstly, you need to log into the website, and then scroll to the bottom where there is an option to apply for changes to reissuing the PAN Card. When you select the Apply For Changes Tab, a new Tab opens asking you to fill in the necessary details like your PAN Card number, address proof, birth date etcetera. Do not click on any boxes on the left side of the panel. Once all the compulsory fields are filled, you need to make a payment of a requisite amount and then submit the form online along with the other documents asked for verification. Once all that is done, you will receive an acknowledgment number in a slip which you need to download and attach a photograph and sign it. Mail it to the address of the NSDL office, along with a demand draft if you have not paid online and other necessary documents as well. The unique identification number can be used to track your PAN Card at a given point. You will receive your PAN Card in your correspondence address shortly after everything is verified duly. full answer

A In case you have misplaced your PAN Card or have damaged it permanently, or you have made certain changes like your address, your phone number etcetera, and you want that to be reflected in your PAN Card, there is no way that you could do it for your old one. You have o the official website of NSDL and apply for a new one through necessary forms and documentation online along with paying a token amount of money. Once all these procedures are completed, you can also simply print your Duplicate PAN Card without any trouble whatsoever. All you have to do is go to the website that provides NSDL PAN Card services, then enter the number of your existing PAN Card whose duplicate you want to reissue. Once that is done, a captcha appears to check whether you are a human. Click on submit, and you will be shown the status of your PAN Verification. Check if everything is in place and if it is, the PAN Card will be displayed which you can then download and print. full answer

A Since the Indian Government issues a PAN Card, it surely holds a lot of value, making it among one of the most important documents that an Indian should possess. The main part of a PAN Card is the unique PAN Number mentioned in the card. Therefore if anything happens to the card, the number is also compromised. A duplicate PAN Card should be issued immediately. Some circumstances when duplicate PAN Card is needed are- Theft- the most common reason is theft or thievery. Your PAN Card might be in your purse or wallet when it gets snatched by any miscreant or any such other related incident. An FIR report and filing for a new card is absolutely necessary. Misplacement- it is human nature to be a little forgetful which can lead to you misplacing your PAN Card and not being able to recall where. Damage- a PAN Card that is used over the years for various purposes might get damaged or bent and not be an eligible document anymore. Change of content- the PAN Card contains vital information and if you want any of that to be changed because of it happening with you like your address or your phone number, applying for a duplicate PAN Card is your only option. full answer

A Sometimes, you may have no other option but to apply or a duplicate PAN Card because of multiple reasons. It can be due to loss of possession, theft, some physical damage rendering it useless or some changes that you want to update on it. You may have the misconception that getting a duplicate PAN Card is a pretty cumbersome process. However, with the advent of the internet, it is just a few clicks away. Moreover, the fees are pretty nominal as well. For a citizen residing in India, the total amount is 110 rupees which can be divided into 93 rupees processing fees and 18% GST on that amount. If you are residing outside the country though, the fees are slightly higher but nothing alarming. It amounts to a total of 1020 rupees which includes the initial mentioned charges of 93 rupees and 18% GST along with 771 rupees which are needed for dispatch to your specified foreign address. You can pay the amount either online or through a demand draft, whatever you deem fit. full answer

A Yes, you can get a new PAN card in case you lose it. Besides being as legal ID proof, PAN Card is a mandatory document for all income earners and is required while making any financial dealings, like the return of income tax, sale, and purchase of assets, Visa application, etc. Thus, it is essential to apply for a duplicate PAN card, the moment you realize that you have lost it. It takes fourteen to twenty-one days to get a new copy of PAN Card. full answer

A Applying for the lost PAN card is simple: full answer

A Follow the steps to apply for duplicate PAN card full answer

A If you have lost your PAN and cannot remember your PAN number, stay calm. There are options to retrieve it. o Go to the website of the IT Department at this link www.incometaxindiaefiling.gov.in/home o Click on full answer

A No, no one else can use your PAN. However, it is advisable to lodge a complaint against your lost PAN card at the nearest police station and take a copy of the complaint. This will keep you in a safe position in case someone tries to use it or for any contingency situation. full answer