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.
|Sr. No||Type of Applicant||Documents|
|1.||Partnership firm||Copy 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.||Company||Copy 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|
|5||AOP, BOI, Local Authority or Artificial Juridical Person||Agreement|
Certificate of Registration Number
Document originating from any Central/State
Government establishing Identity and address of
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".
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.
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.
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.