Friday 19 October 2018

What is PAN


Permanent Account N​umber (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to ​any "person" who applies for it or to whom the department allots the number.

How to apply for PAN?

  • 1) Online Application - An online application can be made from the website of UTIITSL or NSDL
  • 2) Through PAN Application Center - Application for PAN can be submitted at the PAN Application center
                               (a)NSDL
 Forms

Document Required for PAN Application - seemore


Status of PAN


Online PAN Verif​ication

By using the Online PAN Verification facility, one can know/verify the Permanent Account ​Number (PAN). This facility is referred to as "PAN Verification" or "Know Your PAN".. seemore

PAN Grievances

Income-tax department has an electronic portal for lodging PAN Grievances through Aayakar Sampark Kendra.. seemore

Know Your Assessing Officer - seemore


Your Queries on PAN

  • What is the validity of PAN
  • Ans: ​​PAN obtained once is valid for life-time of the PAN-holder throughout India. It is not affected by change of address or change of Assessing Officer etc. However, any change in the PAN database (i.e. details provided at the time of obtaining PAN) should be intimated to the Income Tax Department by furnishing the details in the form for “Request For New PAN Card Or/ And Changes or Correction in PAN Data”.​
  • ​​Can a person hold more than one PAN?
  • Ans: A person cannot hold more than one PAN. If a PAN is allotted to a person, then he cannot apply for obtaining another PAN. A penalty of Rs. 10,000/- is liable to be imposed under Section 272B of the Income-tax Act, 1961 for having more than one PAN.
    If a person has been allotted more than one PAN then he should immediately surrender the additional PAN card(s). 
  • ​Should I intimate my PAN to deductor ? 
  • Ans:Yes, you should intimate your PAN to the deductor i.e. person deducting tax. From 1st April, 2010, non-furnishing of PAN to deductors results in TDS at much higher rate of 20% or even more.
  • ​​Is it mandatory to file return of income after getting PAN?
  • Ans:Return is to be filed only if you are liable to file return of income under section 139.
    It is not mandatory to file return of income after getting PAN.

View Information specific to:

 Source: https://www.incometaxindia.gov.in/Pages/pan.aspx

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Important: Pending for PAN-Aadhaar Linking