Wherever you go, your identity follows. Starting from the opening of a bank account to making any kind of investments, an identity proof is a mandatory document asked by the service providers. The most frequent question on identity proof is – Do you have a Permanent Account Number (PAN) card?
Also Read: How to Open a Bank Account
Assuming that we all are aware of what is a PAN and who all require it, the underlying confusion is the procedure for applying for a PAN card.
In this article, we have explained the simple procedure of applying for a PAN card. So that in case you don’t have a PAN Card, you may apply for one, and ease the process of your future transactions which require your identity proof.
To manage your personal finances, download Kredent Money App,
You can either apply for the PAN Card online or through one of the facilitation centers registered with National Securities Depository Limited (NSDL).
For online application, click on the following block and proceed with the instructions given therein:
For applying through the facilitation centers:
Here are the 5 steps to apply for a PAN Card:
Step 1: For making an application for a PAN Card, you need to first download a form from here.
In case you are a resident of India, download Form 49A.
In case of individuals not being citizens of India, are required to download Form 49AA.
Step 2: After downloading the form, go through it thoroughly. You will require a recent passport size colored photograph and any of the following documents as an identity proof:
POI means Proof of Identity and POA means Proof of Address.
Step 3: Once you have filled the application form, submit it to nearest PAN facilitation center along with the required fee.
Step 4: When you submit the filled application form, you must mention the designation and code of the concerned Assessing Officer of the Income Tax department in the form downloaded by you. In case of any confusion, consult the facilitation center which will help you with the details required.
Step 5: The application fee required for filing the application form will be as follows:
Step 6: After completing all the above steps and having applied to the facilitation center, you can also check the status of the PAN Card application by clicking on the link below:
The government of India has provided a very descriptive and user-friendly procedure to apply for a PAN Card. It is our duty to carry a right set of documents with us so as to avoid any kind of interruption in our transactions.
Today we are required to quote PAN in most of the financial transaction that we wish to enter into. PAN Card is not just an identity proof but is also one of the essential ten-digit numbers that help the income tax authorities to track all your financial data in one go.
We hope that this article has cleared all your confusion with respect to applying for the PAN Card. In case you do not possess one, go ahead and apply for one by following the simple procedure mentioned above