Having a PAN card number is essential to pay taxes. The number helps the income tax department identify you, authenticate your tax filing details and eliminate the possibility of tax evasion.
A PAN card is a card issued by the Income Tax Department. It contains a 10-digit alphanumeric value which is unique to you. This 10-digit alphanumeric value is called the PAN card number and is unique for every individual.
The PAN card contains your name, date of birth, photograph, father’s name and signature, along with the PAN number. Given the information contained in the card, it serves as an identity and date of birth proof for financial transactions.
Applying for a PAN Card is pretty easy. You can apply for the same in two ways - online and offline.
For applying it the online way, you will have to do it through NSDL/UTITSL. On the other hand, if you go for offline process, you will have to do it through any district-level PAN agency.
Going ahead, we have mentioned the online and offline steps for pan card apply process you could follow.
You can apply for PAN online through NSDL or UTITSL. Both these portals have been authorized by the income tax department to issue and make corrections to the PAN Card.
The process of applying through both these portals is given below –
You can apply for a PAN Card offline through any district-level PAN agency-
If you have an existing PAN card and you want to make changes therein, you can do so through the NSDL or UTITSL websites.
Instead of applying for a new PAN card, you just have to select the correction tab or option. After that, specify the correction that you want to make. A fee would be payable for updating your PAN card. The fee would be similar to the fee payable for applying for a new card excluding GST for an Indian address and a certain fee excluding GST for an international address.
In the case of e-PAN, you can also do a PAN card download and use the soft copy for your financial transactions or tax filing.
Besides submitting the form, you would have to submit supporting documents for recording the change.
For instance, if you get married and want to change your name, submit your marriage registration certificate. Others undergoing a name change would have to submit a public notification for the change of name and a certificate issued by a gazetted officer stating the name change.
Similarly, for any other change, the supporting documents should be submitted so that the PAN card details can be changed and the card can be updated.
If you lose your PAN card, you can reapply for the same through NSDL or UTITSL website. Just visit the website and, in the application type, select the option for reprinting. You would have to fill in the details and pay the application fee.
After you apply for a new or a duplicate PAN card, it might take some time for NSDL or UTITSL to print and dispatch the physical card. In the meantime, you can check your PAN card status online by filling in the application number.
Below-mentioned are the fees applicable for PAN Card application-
Applicants who are residing in India will be charged a fee of Rs 110. It will include a processing fee of Rs 93 + GST of 18.00%.
The government charges a fee of Rs1020.00 (Application fee Rs 93 + Dispatch Charges Rs 771) + 18% GST for citizens outside the country who want to avail of a PAN card.
Under most financial transactions, like opening a bank account, investing, using mobile wallets, etc., your PAN card details become important.
The PAN card forms a part of the KYC compliance norms and, thus, becomes necessary.
Hence, you can take the help of the above-listed steps to apply for a PAN card. Apply for it soon if you haven't already.
You May Also Be Interested to Know |
|
1. |
|
2. |
|
3. |
|
4. |
How to Link Your Aadhaar with PAN to File Income Tax Returns |
Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.