What is PAN Card and its benefits and how to apply online?
PAN Card kya hai aur iske fayde kya hain?
PAN Number ke liye kaise apply karte hain?
Is it necessary to have PAN card for everyone?
What is PAN Card and its benefits and how to apply online?
What is a PAN Card?
PAN (Permanent Account Number) There is an Indian Code Number which is an identification of people who give TAX in India. People who pay taxes to the government through this number, which shows how much and when a person has given tax to the government.
It is an alpha-numeric number of 10 character such as ABCDE00000. This PAN is written in the card of the person, it is called PAN Card. PAN Card to Income Tax Department
When and what is required for PAN Card?
PAN card is required when –
- PAN is required when you sell any real estate or item.
- When you buy a car you need a PAN.
- When you go for a large Transaction or Draft in Banks you need a PAN there.
- When you open your Demat Account i.e. an account to invest on the stock market, you need a PAN.
- If any person wants to deposit Rs 50000 or more in the bank, then it is mandatory to give his PAN.
- If you want to apply for a credit card, then you also need a PAN there.
- You can also present the PAN card as your ID Proof.
What are the advantages / benefits of PAN card? What are Advantages / Benefits of PAN Card?
- The PAN card contains your photo, signature, date of birth and name, so it is used as an ID Proof in its entirety.
- Without PAN, the government will charge you the highest percentage of TAX, but having a PAN number, you have to pay TDS (tax deducted at source), which is later returned on filing the TAX Return.
- If your PAN turns around, you can still get a copy of it.
How to apply for PAN card? How to apply for PAN details
The Income Tax Department provides the PAN Number or PAN Card. Now-a-days you can apply PAN online and fill the form by hand and can also apply through letter. But now from 2017, you can get your PAN in a few minutes with the help of your e-KYC i.e. your Aadhaar Card. Also online can correct mistakes made in their PAN card.
If you want to apply online then you have to upload a scanned copy of documents for Proof. If you want to apply offline, then you have to attach Xerox Copy of Proof Documents with PAN Application Form.
You can apply for PAN from the 2 Websites given below-
NSDL Site- https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html
UTIITSL Site- https://www.myutiitsl.com/PAN_ONLINE/PANApp
How to apply for PAN card online? How to apply for PAN online step by step guide
To apply PAN Online, follow the steps given below –
Step 1 – First of all it is necessary to know about the instructions for filling up the form. To know about this, click on the link given below –
>> https://tin.tin.nsdl.com/pan/Instructions49A.html#instruct_form49A
Step 2 – Then go to the link given below to complete the form on the site of NSDL >> https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html
Step 3 – After that if you are Indian then you have to pay 107 rupees + service tax for PAN application. If your nationality is of another country, then 994 rupees + service tax has to be paid.
You can pay this application Fees through many ways –
- Credit / debit card
- Net banking
- demand draft
After the payment is complete, you will receive an Acknowledgment Number which you can save and keep as it may be required later.
Step 4 – As per the rules for the application of PAN card, you have to upload a copy of the documents. With the help of the link given below, you can know what are the documents that you need to apply for PAN Card.
Complete list of Documents >>Â https://www.tin-nsdl.com/services/pan/documents-req.html
How to rectify mistakes made in PAN card? How to make Changes and Corrections in PAN Card?
It is very important that all the information in PAN is correct. Now the government has also provided online facilities for changing and improving PAN information. You can also apply for that by going to the link given below.
Link to apply >> https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html
Please read the instructions before applying for improvement >> https://www.tin-nsdl.com/services/pan/instructions-change.html
There are also options similar to making new PANs in this, but in this, you have to choose the Change and Correction of Existing PAN in the first step and follow the next step.