ALL ABOUT PAN - PERMANENT ACCOUNT NUMBER
ALL ABOUT PAN - PERMANENT ACCOUNT NUMBER
PAN, as you probably know,
refers to the Permanent Account Number issued by the income tax department.
It is a must for everyone who files a tax return.
1. Get
the form
You could visit the official Web
sites of the Income
Tax department or UTI
Investor Services Ltd or National
Securities Depository Limited.
Download the PAN application (Form
49A) from any of these sites.
2. Don't
forget the photograph!
You will need a recent colour photograph
(stamp size: 3.5 cm x 2.5 cm) to attach on the form.
3. Some
additional information
You must mention the designation
and code of the concerned Assessing Officer of the Income Tax department in
Form 49A. You can get this from the IT PAN service centres mentioned in the Web
sites listed above.
4. Documents
for proof of identity and residence
Proof of identity (any
one)
- Passport
- Voter's ID
- Driving license
- School leaving certificate
- Matriculation certificate
- Degree from a recognised educational
institution
- Depository account
- Credit card
- Bank account
- Water bill
- Ration card
- Property tax assessment order
- Certificate of identity signed
by an MP/ MLA/ municipal councillor/ gazetted officer
Proof of residence (any
one):
- Passport
- Voter's ID
- Driving license
- Electricity bill
- Telephone bill
- Depository account
- Credit card
- Bank account
- Ration card
- Employer's certificate
- Property tax assessment order
- Rent receipt
- Certificate of address signed
by a MP/ MLA/ municipal councillor/ gazetted officer
5. Submit
the form
Fill in the application form and
submit it in at any of the IT PAN service centres or TIN facilitation centres
along with a fee of Rs 65. The location of such centres is listed at the above
mentioned Web sites.
Within a month, a flashy credit
card style PAN card will be couriered by UTIISL to the mailing address mentioned
in your application.
Do's and don'ts when completing
the PAN application
1. No PIN, no PAN
The address you mention in
your PAN application should carry the correct PIN code of the place. If you
forget this, your application will be rejected.
2. No initials please
You need to mention your full
name (that means your surname and the middle name). Using initials could get
your application rejected.
3. Married? Please use your
maiden name
Women are supposed to enter
their father's name in the application form, regardless of their marital status.
4. Proper documents
All the documents asked for
must be provided. Else, your application will be rejected.
On receipt of the
PAN
The moment you get your card, verify
it.
Check the name mentioned in the
card immediately. Is the spelling right?
Also, look at the number (your
PAN is alpha-numeric, which means it is composed of both alphabets and numbers).
The fifth character of your PAN must be the first alphabet of your last name
(for example, if your last name is Shah, the fifth character of your PAN must
be S).
Not yet received
the PAN? Lost it?
Wallet got stolen along with your
card? Misplaced the card? The tax department says they have dispatched it but you
haven't got it yet?
Don't fret. You can get a duplicate.
In every city, there is a central office in the Income
Tax Department in charge of allotting these numbers.
Approach that cell. You can start by contacting the public
relations officer of the Income Tax Department and asking for the address of
the PAN cell.
If you say you have not got it
and they claim they have dispatched it, you will need to sign an affidavit saying you
have not received it before they provide you with a duplicate PAN Card.
Has your PAN been lost or stolen?
You will need to make a police complaint. Get a copy of the First Information
Report. You will need it to process the request for a duplicate PAN card.
You can also request changes
in the PAN data or request a duplicate PAN card through the Internet.
For more details, please visit
the NSDL
site.
What if you shift cities?
Assume you made
the PAN application in one place, say New Delhi, and then got transferred on
business to another city, say Bangalore.
Since you applied for your card
while you were in New Delhi, the official letter saying you have been alloted
a PAN will be sent by the Income Tax Department to your New Delhi address.
But you will be filing your returns in Bangalore. So send a letter to the PAN
Cell, Bangalore, and let them know you have already applied for the PAN at New
Delhi but you will now be assessed at Bangalore.
Attach a photocopy of your application to your letter and request that you be
alloted the number in Bangalore.
You must inform your assessing
officer about any changes in the name, address or nature of the business on
the basis of which the PAN was allotted.
A word of caution before signing
off.
Be careful to use the PAN correctly.
Do not misspell it and make sure you write your number correctly. The penalty
that could be imposed on such defaults are pretty stiff and could cost you upto
Rs 10,000.
For more details & service
at your door step (Home Delivery) please call Kalpak
India on
9869065336.
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