How to Apply for A Pan Card in India

PAN or the Permanent Account Number refers to a ten digit number, which is issued by the Income Tax Department in India, in the form of a laminated card. A PAN card is mandatory for those who file income tax returns. This article will discuss  easy steps on how to apply for a PAN card in India and the importance of quoting it on return of income and all the documents pertaining to income tax.

It is also mandatory to mention the PAN in all credentials pertaining to any financial transactions, such as on purchase and sale of immovable property of value Rs.500,000 or above or motor vehicle excluding two wheelers, making cash deposit of Rs.50,000 or above in a bank.

Simple Steps on How to Get a New Pan Card

To get a PAN card, you have to follow a few simple and easy steps:

• The first step is to submit the Application Form No. 49A. The application can be downloaded from the website of UTI Investor Services Ltd or National Securities Depository Ltd (NSDL). The form can also be obtained from IT PAN Service Centres and TIN Facilitation Centres.
• Along with the form, a color passport size photograph is required.
• It also mandatory to mention the designation and code of the concerned reviewing Officer of the Income Tax department on the application.
• The form should be submitted along with an identity proof and a residential proof.
• Once you have completed all the required formalities submit the application form, other requisite documents, along with the fee at a closest IT PAN Service Centre or TIN Facilitation Centre.