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PAN APPLICATION
@ Rs. 999
HOW IT WORKS
WHY PAN IS REQUIRED?
Compulsory for opening Bank Accounts
Every individual or business entrepreneur requires to open a savings/current bank account, needs to submit some specified KYC documents among which PAN is the most essential document.
DOCUMENTS REQUIRED
For Indian citizens/Body corporates
- Copy of Aadhar Card or other address proof, in case of individual
- Two passport size photograph, in case of individual
- Copy of Birth Certificate, in case of Minor
- ID proof and Address proof of any of the parent
- COI in case of company and LLP
- Agreement in case of Partnership Firm
For foreign Individuals
- Passport & Visa copy (Self attested)
- Contact details (Mobile no & email id)
- FRRO Certificate (Self attested)
- 3 passport size photos
- Company appointment letter (If available)
- Address proof (Rent agreement etc.)
FAQs
Any Indian citizen, including a minor, can apply for allotment of Permanent Account Number by furnishing valid proof and documents. Foreign individual or entity can also apply for PAN allotment.
Yes, every business established in India must apply for PAN card online or offline within the 30 days of establishment. However, sole proprietorship firm does not need so as it does not have a separate identity from its owner.
Once the application for PAN Card is forwarded, generally it takes 5 – 7 working days for allotment of PAN. However, receipt of physical PAN card may take time.
The Permanent Account Number, once allotted, comes with lifetime validity for individuals and business entities. If the businesses entities are dissolved or closed, it must surrender the allotted PAN.
A Person cannot hold more than one PAN card. If a person holds more than one PAN, a penalty of Rs.10,000/- may be imposed under section 272B. Therefore, the person holding more than one PAN must surrender it immediately.
In 10 Digit PAN number first Five digits are alphabets, next four are numbers and last is an alphabet First three are random alphabet from AAA to ZZZ Fourth Alphabet is Status of PAN holder Fifth alphabet represent first Character of PAN holder Surname Next four Digit random number from0001 to 9999 The last alphabet is a Alphabetic digit check of entire PAN number.