PAN Card related FAQs

Does NRIs need a PAN number to buy public issue shares? What are the alternatives?

PAN Number must be provided regardless of your residential status. To open an NRI trading account, a broker will need your PAN. To invest in IPO's, NRI investors need a PAN card (or PAN number).


Can someone open multiple Demat account with one PAN number?

Multiple Demat Accounts can be opened by one person with the same Pan number. Multiple Demat Accounts can be opened without restriction.


What are the required documents to apply for IPO application?

A recent color passport size photo (size 3.5 cm x 2.5 cm). Any from the given below list can be used as proof of identity Certificate of graduation from school Matriculation certificate Recognized educational institution Statement from the Depository Account …


In how many days I can get my PAN card?

It takes usually 15 working days for PAN Card to be issued. Online tracking of the status of your PAN Card processing is possible at TIN website.


What is the cost of a new or updated PAN card, changing PAN card information, or receiving a second copy of a PAN card?

Indian rupees 60 plus applicable taxes are the current fees for changing information or renewing a PAN card. The fee for foreign addresses is Rs 717, plus service tax. Tax Information Network (TIN), website Income Tax Department, has the most …


How to apply for PAN Card?

An investor can apply online for a PAN Card through the Tax Information Network (TIN), website of Income Tax Department. You can also download and complete Form 49A: Application to Allotment Permanent Account Number (PAN) form. To apply PAN simply …


Is it necessary for PAN card holder to file taxes?

As long as your income does not exceed the basic exemption limit, it is possible. However, if you need to fill out income tax returns, it is mandatory that you provide your PAN card details.


Is a minor eligible for applying a PAN Card?

Yes. A minor can apply for a PAN Card. A representative may represent on behalf of minors.


Is PAN Card required for IPO application?

Yes. Market regulator SEBI made PAN cards mandatory for retail investors when filling out public offer forms. Retail investors must submit a copy of their PAN card number, Form 60 or Form 61 for every application.


What does PAN or PAN Card or Permanent Account Number mean?

The Permanent Account Number, or PAN, is a 10-digit number that an Income Tax Department of India assigns to an individual or company. Your PAN number does not change when you move to another place. A PAN card, which looks …