1. What Is PAN?

The permanent account number (PAN) is a ten-digit alphanumeric number in the form of a laminated card, from income tax.

2. Why Is It Necessary to Have PAN?

As it is mandatory to quote PAN on return of income, all correspondence with any income tax

authority. It is also mandatory to quote PAN on challans for any payments due to Income Tax

department.

As it is mandatory to provide PAN on income tax refunds, all correspondence must be with an income tax authority. It is also mandatory to state PAN on challans for all payments to the income tax department.

3. In which type of financial transactions need PAN Card?

  • Sale Or Purchase Of Any Immovable Property Valued At Five Lakh Rupees Or More.
  • Sale Or Purchase Of A Motor Vehicle
  • A Time Deposit, Exceeding Fifty Thousand Rupees, With A Banking Company.
  • Opening A Bank Account.
  • Making An Application For Telephone Connection (Including A Cellular Connection).

4. Who must have a PAN?

  • All existing assessments or taxpayers or individuals who are required to provide an income refund, including on behalf of others, must receive PAN.
  • Any person who has a business or profession.
  • Any person who intends to enter into a financial transaction that requires the indication of PAN must also receive PAN.

5. How to apply for a PAN?

PAN requests should only be made on Form 49A. The application (Form 49A) can be downloaded from another source from Income Tax / Photo Copied /.

6. Can an application for PAN be made through Internet?

Yes, the PAN reallocation application can be made over the Internet.

7. Is there any TATKAL facility for allotment of PAN?

No.

8. What documents and information have to be submitted along with the application for

Form 49A?

  • affix one recent coloured photograph (Stamp Size: 3.5cms x 2.5 cms) on Form 49A
  • Any one document as proof of ‘Identity’ and ‘Address’

9. Which documents will serve as proof of ‘Identity’?

  • Copy of school leaving certificate or degree of a recognizededucational institution
  • Depository account
  • Credit card
  • Bank account
  • Water bill
  • Ration card
  • Passport
  • Voter identity card
  • Driving license
  • Aadhar Card

10. What documents will serve as proof of Identity and Address for other applicants?

  • Copy of Certificate of Registration issued by the Registrar of Companies
  • Copy of Certificate of Registration issued by the Registrar of Firms
  • Copy of Partnership Deed
  • Copy of Trust deed
  • Copy of Certificate of Registration Number issued by Charity Commissioner
  • Copy of Agreement or Copy of Certificate of Registration Number issued by CharityCommissioner