PAN Card related FAQs

In India, do all citizens need PAN Card?

A person with yearly income exceeds the basic exemption limit (Rs 2 lakh at present) or any business or institution exceed turnover of Rs 5 lakh is required to obtain a PAN Card number by the Income tax Act in …


Is PAN card required for opening a demat or trading account?

An Indian Income Tax Act (IPA) requires that a person with more than Rs 2 lakh per year or a business or institution with a turnover exceeding Rs 5 lakh be eligible for obtaining PAN card numbers.


How much time it will take if we want to correct the name in the PAN?

The Authority does not specify a time frame. It takes about 15-30 days to rectify PAN data. You can check the status of your request for rectification online by using the acknowledgement number you have received. For corrections/changes in your …


If I'm applying to a PAN Card, and I would like the card to arrive at an address other than the one shown on my passport. Can this be done?

Your PAN Card will reach you at the address you provide on the PAN Card Formula. There is no way to choose a separate mailing address.


Is it possible to make changes in the PAN Card such as Date of birth?

Yes. However, you will need to show proof of any change in your PAN Card along with all documents. You can submit the PAN Card Change Request form online at NSDL or visit NSDL Centers in your area.


Do I need a PAN card if I have to open a salary account in bank?

You will need to have either a PAN Number or Form 60/61 in order to open an account at any Indian bank. Notice that Form 60 must be filled out by anyone who doesn't have a permanent account number or …


Somehow I have received two PAN cards. How to return or close the duplicate one?

Detail: I applied for a Pan Card many days ago. However, I did not receive the card. So I contacted NSDlcenter to apply for a new card. It was delivered in just 8 days. Within a few days, I received …


If I want to open new Paypal account, do I need to apply for new PAN card?

Can I get a new PAN card number? Problem is that I used my HDFC bank to make Paypal transactions. My Paypal account was banned due to the contraction of policies between HDFCBankand Paypal. To open a new Paypal account, …


Is there any minimum age criteria to apply for PAN card?

PAN Card can be obtained by anyone with the required documentation. PAN Card can be used to file taxes in India. If your child is less than one month old and has a source of income that is tax-deductible, you …


To obtain the PAN card for proprietorship concern and partnership concern, what are the required documents?

Proprietorship A PAN Card is required for Proprietorship. Partnership Firm/ LLP (Limited Liability Partnership). Partnership firms and LLPs (Limited Liability Partnerships) can apply for a Permanent Account Number or PAN Card. For Individuals, the Application Form (Form 49A), for Permanent …


To apply for a PAn card, Is there any format for certificate of identity from gazetted officer ?

Annexure-A (Certificate that can be used by a Member or Member of Legislative Assembly/Municipal Councillor/Gazetted Officer under subrule (4), rule 114 of Income-tax Rules 1962) The format can be downloaded from the NSDL website by clicking on the link below. …


For identity can I use my marriage certificate and For address proof can the electricity bill be taken as proof?

After marriage, I would like to obtain a new PAN card for my wife. My marriage certificate can I use as proof of my identity, and my electricity bill to prove that I am a resident. This case will require …


Will I be able get a salary from both a network marketing company as well as the company where I will be working after college using the same PAN Card?

One PAN Card Number is issued to a single person.So your sources for earning won't be any problem. The main use of the PAN Number is to track your earnings from all sources which allows you to pay taxes on …


For how many years a PAN card is valid?

PAN Card Numbers of companies are valid until the company ceases to exist. The validity of the PAN Number is not subject to time limitations. Even if the company is closed, the number issued one cannot be issued to any …


I am trying to register with Paypal.com with my PAN Card. But its showing Invalid PAN. How to solve this issue?

Paypal.com must validate your PAN number in accordance with the RBI rule. You can verify your PAN immediately on your PayPal account by following these steps: You will need to provide a valid PAN number and your name exactly as …


A tourist who visits India on a regular basis is eligible to apply for PAN card?

A tourist who is regularly in India cannot apply to for a PAN card. You must have a PAN card for tax purposes if you are involved in any business activity in India.


Is the PAN card number is sufficient for tax assessment or do I need to avail a copy of PAN card?

Generally, the PAn card number is enough to be provided for tax assessment.


My application for PAN card has been accepted and I got the PAN number through SMS. How many days it will take to get the physical PAN card?

Once confirmed, it usually takes 5 business days to get the PAN Card.


Are UID card and School Id card valid for adress proof and birth certificate proof?

I would like to make a PAN card for my minor daughter. Is the UID card valid for proof or address? The Form 49A online/offline form is required to apply for a PAN Card for a minor. It can be …


Do a company requires a PAN card? If yes, what are the rules and regulation for applying a PAN card for the company ?

Yes, companies can also get a PAN Card. It is mandatory that corporate entities have a PAN Card. A PAN Card is mandatory for any corporate body that does business in India, regardless of whether it is registered elsewhere or …