First Thing First - Apply for Permanent Account Number (PAN)

Apply for PAN

10-digit alphanumeric

PAN, or permanent account number, is a unique 10-digit alphanumeric identity allotted to each taxpayer in India by The Income Tax Department.

Quoting of PAN is a pre-requisite in majority of financial transactions undertaken in India including registration with various Government agencies.

It is mandatory to quote PAN:

  • For paying taxes and filing of return.
  • Opening a Bank Account in India whether resident or non-resident.
  • Sale of any property in India.
  • Purchase of Mutual Funds, gold bullion, bonds etc

There can be higher tax incidence for residents and also non residents if they do not hold and quote valid PAN.

The PAN application can be done online as well as offline. Income tax department has appointed agents where applications can be submitted.

There are separate forms for resident s and non residents for application of PAN. The applications should be accompanied with specified documents, which are different in case of residents and non residents. Also the type of documents differs based on status of entity ie trusts / partnership firms / limited liability company / individual etc.

If the application is correctly filled and is accompanied by prescribed documents it normally takes 15 days to receive a valid PAN number.

For any further Questions that you may have, please feel free to write to us on [email protected]

Disclaimer:

All the contents of article are only for general information or use. They do not constitute advice and should not be relied upon in making (or refraining from making) any decision. Kamdar Desai & Patel hereby excludes any warranty, express or implied, as to the quality, accuracy, timeliness, completeness, performance, fitness for a particular purpose of the Site or any of its contents, including (but not limited) to any financial tools contained within the article. Kamdar Desai & Patel will not be liable for any damages (including, without limitation, damages for loss of business projects, or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this article, or any of its contents, or from any action taken (or refrained from being taken) as a result of using this article or any such contents. Kamdar Desai & Patel makes no warranty that the contents of the article are free from infection by viruses or anything else which has contaminating or destructive properties.

Our Monthly Mailers of