PAN card stands for Permanent Account Number, is a unique number that provides a taxpayer with identification status in India. It is an electronic system to help taxpayers get their tax information and keep records of a person related to tax through a unique PAN number. Two tax-paying persons and companies can not have the same PAN card. This PAN card is considered the primary key to store tax information all over India.
Who is eligible for a PAN Card?
Every company or individual who pays tax in India will be issued a PAN Card. There are several types of PAN cards including, Company, HUF, Individual, Trusts, Firms, Foreigners, and Society. To get your PAN card, you should have two documents, Proof of Address and Proof of Identity. You have to pay a small fee for a PAN card from RS.110 to RS.1020.
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How to enrol for a PAN Card?
There are two ways to enrol for the PAN card online and offline. Let’s discuss both of them.
Online Method:
- Go to NSDL or UTIITSl website
- To register, click on the form and fill out the form
- Pay the fee
- You will receive your PAN card at the address that you write on the submission form
Offline Method:
- Go to an authorized PAN centre
- Get the application form
- Fill that form, attach the documents that are required
- Submit the form and papers along with the fee
- Your PAN card will be sent to the address that you write on the submission form
With the new Permanent Account Number, Indian taxpayers can file their taxes more easily and stay up-to date with all of those pesky changes that happen throughout an accountant’s month. The PAN card is both a unique form of identification as well as serves to store information on tax payers in India from one year ago! Who isn’t eligible? Anyone who pays income or business rates here will be issued this valuable piece if plastic soon enough–but there are some exceptions: firstly only two people per company may share your same number; secondly even if you have been given another type certificate before getting yours (i e car dealer), then they’ll need proof too when applying for
PAN Card.
Start applying for your PAN card before the deadline. If you have a company, start collecting pertinent details from every contractor who needs to file their taxes–things like full name, date of birth, permanent address and so on.
PAN Card Applications are available in print form through any Stationer or office supply store–you’ll need originals of each person’s Duly filled Form with two passport size photographs attached also included at no extra charge. This is a 20 page document that can be purchased separately by non-residents who plan to work in India as well. There may be a nominal application fee depending on which stationery store you buy them from but they should only cost around Rs 50 apiece if you go this route! When all