Do you must acquire a Permanent Account Number (PAN) card? A Permanent Account Number is a 10-digit alphanumeric quantity issued by the Income Tax Department. This quantity is exclusive for every revenue tax assessee. A PAN allows the Income Tax Department to establish all transactions made by a possible revenue tax assessee. These transactions embody tax funds, tax deducted at supply (TDS)/tax deducted at assortment (TCS) credit and revenue tax returns. Furnishing a PAN is required for finishing up a variety of duties, similar to opening a checking account or a demat account, or making giant transactions. A PAN card can be accepted as legitimate photograph identification at most organisations.
How To Get A PAN Card
Which Form To Use?
A PAN card could be obtained by filling up the shape 49A (49A for Indian residents and 49AA for international residents).
Where To Submit A PAN Application?
A PAN utility could be submitted on-line by the NSDL or UTIITSL web site. These are: www.tin-nsdl.com and utiitsl.com, respectively. (Also learn: Why having a PAN card is essential)
How Much Does A PAN Application Cost?
The expenses for making use of for a PAN vary from Rs 93 to Rs 864 (excluding GST or Goods and Services Tax). For a communication handle positioned throughout the nation, a cost of Rs 93 (plus GST) is relevant, and for a communication handle exterior the nation, a cost of Rs 864 (plus GST) applies, in accordance with the I-T division’s web site.
How To Make Payment?
The cost in direction of a PAN card utility could be made by a credit score/debit card, a requirement draft or internet banking, in accordance with the Income Tax Department.