Post by courtneywalsh on Mar 28, 2011 9:25:34 GMT -5
1. What Is a PAN Card?
PAN or Permanent Account Number (PAN) is card issued by the Income Tax Department. You are usually assigned a 10 digit Alpha numeric number.
2. Why do you need a PAN Card.
It has become mandatory to quote PAN number on return of income, in bank challans if your transaction is over Rs. 40,000. PAN card has almost become a must have document.
It’s needed for opening Bank Accounts, getting new telephone connections or purchasing immovable property. Of course it’s needed for filing your Income tax returns too.
Further information can be found here
incometaxindia.gov.in/PAN/Overview.asp
www.tin-nsdl.com/faqPANreqfornewpan.asp
3. How to apply for PAN in India
tin.tin.nsdl.com/pan/index.html
It can also be done through some firms processing PAN cards. They usually charge Rs. 94.
You would need Proof Identity (Passport, Driving License, Voter Id) and Proof of Address (Ration Card, Property Tax, Electricity Bill etc) along with Passport pictures.
If you are abroad, you could use the services of
www.nriinvestindia.com/nri-apply-pan-card-online.html
I had applied through them and was happy with their services
The documents needed:
Passport Copy (proof of identity)
Original Colored Bank Statement (for proof of address).
Couple of Passport Pictures.
Once you apply for the PAN card, the next step would be to be KYC (Know Your Customer).
PAN or Permanent Account Number (PAN) is card issued by the Income Tax Department. You are usually assigned a 10 digit Alpha numeric number.
2. Why do you need a PAN Card.
It has become mandatory to quote PAN number on return of income, in bank challans if your transaction is over Rs. 40,000. PAN card has almost become a must have document.
It’s needed for opening Bank Accounts, getting new telephone connections or purchasing immovable property. Of course it’s needed for filing your Income tax returns too.
Further information can be found here
incometaxindia.gov.in/PAN/Overview.asp
www.tin-nsdl.com/faqPANreqfornewpan.asp
3. How to apply for PAN in India
tin.tin.nsdl.com/pan/index.html
It can also be done through some firms processing PAN cards. They usually charge Rs. 94.
You would need Proof Identity (Passport, Driving License, Voter Id) and Proof of Address (Ration Card, Property Tax, Electricity Bill etc) along with Passport pictures.
If you are abroad, you could use the services of
www.nriinvestindia.com/nri-apply-pan-card-online.html
I had applied through them and was happy with their services
The documents needed:
Passport Copy (proof of identity)
Original Colored Bank Statement (for proof of address).
Couple of Passport Pictures.
Once you apply for the PAN card, the next step would be to be KYC (Know Your Customer).