Permanent Account Number (PAN) is unique to each individual and acts as a code of identification of Indians, especially those who pay income tax. It is a 10-characters alpha-numeric identifier issued to all judicial entities identifiable under the Indian Income Tax Act of 1961. It also serves as an important proof of identification and is issued by the Indian Income Tax Department. The PAN is a must for a majority of financial transactions such as opening a bank account, receiving taxable salary or professional fees, sale or purchase of goods above specified limits etc.
It is also issued to foreign nationals unlike Aadhaar Card and Driving License and hence, it is not an acceptable proof of Indian citizenship. Due to its significance more and more people are getting PAN Card made and it is mandatory of tax payers and to get income tax returns. It is valid for the life time but it is issued only once. However, duplicate PAN card can be procured in the case of loss and damage.
Benefits of PAN Card:
Helps you deal with the problems related to Tax.
Works as an ID Proof in both governmental and private institutes.
TDS can be claimed at the end of the financial year using PAN Card.
It is required while applying for credit card.
It is mandatory when cash payment exceeds 50k.
How to apply for PAN Card?
Applying for PAN Card is quite easy and hassle-free and can be done online. One has to pay Rs. 105 if the communication address is in India and Rs. 971 if the communication address is outside India. Payment can be done via both online and offline modes. Documents of proof of address, proof of identity and date of birth are necessary while applying for PAN Card. One can apply at both NSDL and UTI online portals for PAN Card.
1. Proof of Identity documents
Aadhaar Card
Voter Identity Card
Passport
Ration Card with photograph
Arms’ License
Pensioner Card with photograph
Central Government Health Scheme Card or ECHS Card
Driving License
Matriculation Certificate
12th class passing certificate
Degree from a recognized college or institution
Depository account statement
Credit card statement
Bank pass book
2. Proof of Address documents
Aadhaar Card
Voter Identity Card
Driving License
Passport
Post Office Passbook with Address
Domicile Certificate issued by government
Property Registration Document
Electricity/Telephone/Water bill (not older than 3 months)
Gas connection card
Credit card statement
3. Proof of date of birth
Birth Certificate issued by any authorized office to issue birth and death certificates
Marriage certificate issued by registrar of marriages
Matriculation Certificate
Passport
Driving License
Affidavit sworn before a magistrate stating the date of birth
How to apply for PAN Card at UTI?
Follow the steps mentioned below to apply for PAN Card at UTI online portal.
Click on the link given to reach the UTI portal http://www.myutiitsl.com/PAN_ONLINE/PANApp
A page will be displayed where you will see the Form 49A.
In the field of “status of the applicant” select the appropriate option from the drop-down menu.
Now start filling up the form. Make sure you fill the form correctly otherwise corrections would have to be made later.
After completing the form click on “Validation” to check the form. If the form is filled correctly move further to make the payment by clicking on “make payment”.
Once you get the success message after submitting the form, take out the print of the form.
Paste two passport size photos on the form. Make sure the photographs are signed across.
Also, sign on the allotted spaces on both the pages of the form.
Now send the form along with proof of identity, address, and date of birth to the nearest UTI office.
UTI Office addresses:
Incharge – Mumbai
UTI Infrastructure Technology & Services Ltd
Plot No. 3, Sector 11, CBD Belapur
NAVI MUMBAI – 400614
Tel No – 022 -67931300
PAN PDC Incharge
UTI Infrastructure Technology & Services Ltd
29, N. S. Road, Ground Floor,
Gilander House & Standard Chartered Bank,
KOLKATA – 700001Tel No: – 033 22108959 / 22424774
Incharge – Chennai
UTI Infrastructure Technology & Services Ltd
STC Trade Centre, 1stFloor, A-29,
Thiru- Vi- Ka Industrial Estate, Guindy
CHENNAI – 600032
Tel No: 044 – 22500426
PAN PDC Incharge – New Delhi region
UTI Infrastructure Technology & Services Ltd
Ground Floor, Jeevan Tara Building,
Patel Chowk Metro Station, 5 Parliament Street
NEW DELHI – 110001
Tel No: 011 – 23741282-86
Once you are done you can track UTI PAN Card status online from their portal.
How to apply for PAN Card at NSDL?
Follow the steps mentioned below to apply for PAN Card at NSDL online portal.
Click on the link given to reach the NSDL portal https://tin.tin.nsdl.com/pan/form49A.html
A page will open with form 49A on it.
Read the instructions given carefully before you start filling the form.
At the bottom of the page select the category of the applicant.
Now start filling in the form. Make sure you fill the form correctly otherwise corrections would have to be made later.
After filling the form click on “Confirm”.
After this, a page will be displayed with payment terms and conditions. Click on “Agree” and proceed with the payment.
After the payment has been completed successfully, you will get acknowledgment form with a 15-digit number.
Take a print out of this page and sign it.
You can complete the payment by sending a DD or enclosing a cheque with the form.
Send the form with documents of proof identity, address, and date of birth.
Envelop should mention ‘APPLICATION FOR PAN – ______________’. Fill in your 15 digit acknowledgment number in the blank.
Send it to Income Tax PAN Services Unit, NSDL e-Governance Infrastructure Ltd., 5thFloor, Mantri Sterling, Plot no. 341, Survey no. is 997/8, Model Colony, Near Deep Bangalow Chowk, Pune – 411016.
Once you are done you can track NSDL PAN Card status online from their portal.