Compsec offers PAN card registration obtaining service. Permanent Account Number (PAN) Card is a photo Identity Card that carries 10 digits alphanumeric Unique Number for every card holder. It is issued by Ministry of Finance (Government of India) and it can be used as Photo Identity for opening Bank Account, during travel in train with e-ticket and other purposes also. A PAN (Permanent Account Number) Card is used for many financial transactions. A ten-digit alphanumeric number, PAN Card is issued by the Income Tax Department in India. It is mandatory to quote PAN while filing our return of income. PAN is also used in transactions such as sale and purchase of immovable property or motor vehicle. It is also used for payments to hotels for bills or payments in cash, of amounts exceeding Rs. 25,000, in connection with travel to any foreign country. It is mandatory to mention PAN for obtaining a telephone or cellular telephone connection. Likewise, PAN has to be mentioned for making a time deposit exceeding Rs. 50,000 with a bank or post office.

Applying for PAN

Applying for a PAN is a simple and convenient procedure. All you need to do is submit Application Form No. 49A. The PAN application can also be downloaded from the government website, UTI Investor Services website (the authorized agency to manage IT PAN service Centres in various cities) or from the website of National Securities Depository Ltd (NSDL). The Form 49A is also available at IT PAN Service Centres and TIN Facilitation Centres. Individuals not being a citizen of India can use the Form No. 49AA for applying a new PAN Card.

 

Uses of PAN

PAN is mandatory for the following activities:

  • Filing of Income Tax (IT) return
  • Opening Demat Account to buy and sell Shares
  • Withdrawing or deposit or amount transfer of Rs 50,000 or more from one Bank account to another
  • For refund of income tax

Eligibility

  • Any individual, firm, joint venture can apply for PAN Card. For this, there is no minimum and maximum age limit.

Required documents to apply for PAN

  • Good quality passport size colour photo
  • Demand draft/ Cheque of amount Rs.107 (inclusive of service tax) as fee. The charges for applying for PAN is Rs. 994 (including service tax) for foreign communication address.
  • Aadhaar card is mandatory
  • Xerox copy of proof of identity
  • Xerox copy of proof of address

 

Attach any one document from each of following lists as proof of identity and for address proof.

For Proof of identity

  1. School leaving certificate
  2. Matriculation certificate
  3. Degree of a recognised educational institution
  4. Depository account statement
  5. Credit card statement
  6. Bank account statement/bank pass book
  7. Water bill
  8. Ration card
  9. Property tax assessment order
  10. Passport
  11. Voters Identity Card
  12. Driving License
  13. Certificate of identity signed by Member of Parliament or Member of Legislative Assembly or Municipal Councillor or Gazetted Officer

For Proof of Address

  1. Electricity bill
  2. Telephone bill
  3. Depository account statement
  4. Credit card statement
  5. Bank account statement/bank pass book
  6. Rent receipt
  7. Employer certificate
  8. Passport
  9. Voters Identity card
  10. Property tax assessment order
  11. Driving License
  12. Ration card
  13. Certificate of address signed by Member of Parliament or Member of Legislative Assembly or Municipal Councillor or Gazetted Officer.

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