PAN Application

Permanent Account Number also known as PAN is a ten-digit number in alphabetical and numerical terms, or in alphanumeric; terms, that is allocated by the income tax department to all taxpayers and is unique with each individual. A PAN helps the authorities keep track of the financial activities, as PAN is integral to all forms of payments.
Although the PAN application is voluntary, quoting PAN is mandatory while entering into any financial transaction exceeding the specified limits set by the Income Tax Department.

TAN application

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Table Of Contents

Necessity & benefit of PAN

Documents

Documents required for Individual and Hindu Undivided Family (HUF)
Proof of Identity (Anyone)
Proof of Address (Anyone)
Proof of Date of Birth (Anyone)
Documents required in case other than Individual and HUF (i.e. Firms, Companies, BOI, AOP, Trust, Limited liability Partnership, etc.)
Sr. NoType of ApplicantDocuments
1.Partnership firmCopy of Partnership deed or certificate of registration issued by Registrar of firms
2.Limited Liability Partnership(LLP)Registration Certificate copy issued by Registrar of LLPs
3.CompanyCopy of certificate of registration as issued by Registrar of Companies
4.Association of Persons (Trust)Deed of Trust and Certificate of Registration Number issued by Charity Commissioner
5AOP, BOI, Local Authority or Artificial Juridical PersonAgreement
Certificate of Registration Number
Document originating from any Central/State
Government establishing Identity and address of
such person

How we can help you?

The application for PAN can also be made online for which our team will complete the procedure for you:

FAQs

a. What is the validity of PAN?

A valid PAN has validity for life-time throughout India. It is not affected by change/modification in address or change of Assessing Officer etc. However, any change/modification in the PAN database should be intimated to the Tax Department by furnishing the data in the form for "Request for New PAN Card or/ and Changes or Correction in PAN Data".

b. Can a person have more than a single PAN (i.e. more than one PAN)?

No, if a PAN is allotted to a person, then he cannot apply another PAN. A penalty of Rs. 10,000/- is liable to be imposed under Section 272B​ of the Income-tax Act, 1961 for holding more than one PAN at a time.

c. Is it mandatory to file Income tax returns after obtaining PAN?

No, it is not mandatory for an individual to file an Income tax return till the time you become liable to file the return under Section 139 of Income Tax Act, 1961.

d. Do I need to submit my original documents?

No, you may not be required to submit your original documents. However, if you are applying for a PAN offline, you will need to carry your original documents as they may require to verify the copies.

e. Still have doubts?

Speak to our experts who shall solve all your doubts.
Call us at  +91 7738 066 334  or Mail us at info@indiacompanyincorporation.com

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