PAN registration

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card as given below (commonly known as PAN card. PAN enables the department to identify/ link all transactions of the PAN holder with the department. These transactions include tax payments, TDS/TCS credits, returns of income, specified transactions, correspondence etc. and so on. It facilitates easy retrieval of information of PAN holder and matching of various investments, borrowings and other business activities of PAN holder

 

As per Section 139AA, every person who is eligible to obtain Aadhaar is required to quote his Aadhaar number in the PAN application form with effect from 1st day of July 2017. If any person does not possess the Aadhaar Number but he had applied for the Aadhaar card then he can quote Enrolment ID of Aadhaar application Form

 

However, the provisions of section 139AA shall not apply to an individual who does not possess the Aadhaar number or the Enrolment ID and is:-

 

  • Residing in any of these States-Assam, Jammu and Kashmir and Meghalaya
  • A non-resident as per the Income-tax Act, 1961
  • of the age of 80 years or more at any time during the previous year, i.e., super-senior citizen
  • Not a citizen of India.

 

Who is required to obtain PAN card?

 

  • Every person if his total income or the total income of any other person in respect of which he is assessable during the year exceeds the maximum amount which is not chargeable to tax.
  • A charitable trust who is required to furnish return under Section 139(4A)
  • Every person who is carrying on any business or profession whose total sale, turnover, or gross receipts are or is likely to exceed five lakh rupees in any year
  • Every importer/exporter who is required to obtain Import Export code
  • Every person who is entitled to receive any sum/income after deduction of tax at source
  • Any person who is liable to pay excise duty or a producer or manufacturer of excisable goods or a registered person of a private warehouse in which excisable goods are stored and an authorized agent of such person
  • Persons who issue invoices under Rule 57AE requiring registration under Central Excise Rules, 1944
  • A person who is liable to pay the service tax and his agent
  • Persons registered under the Central Sales Tax Act or the general sales tax law of the relevant state or union territory
  • Every person who intends to enter into specified financial transactions in which quoting of PAN is mandatory

 

Procedure to apply for PAN card: –

 

  • A person wishing to obtain PAN can apply for PAN by submitting the PAN application form (Form 49A/49AA as the case may be) along with the related documents and prescribed fees to our team. A resident person shall apply for PAN in form 49A and a non-resident person including a foreign company shall apply for allotment of PAN in form 49AA.
  • Our team shall process you PAN application and will share PAN acknowledgement
  • Hard copy of PAN card will be send to you through courier and you will also received soft copy of PAN card through mail.

 

Documents Required: –

 

  • Filled and signed PAN application form (Form 49A/ Form 49AA as the case may be)
  • Identity Proof of applicant

Copy of Aadhaar card/ Voter ID card in case of individual

Partnership deed in case of Partnership firm

  • Address proof

Copy of Aadhaar card/ Voter ID card in case of individual

Electricity/ Telephone bill in case of Partnership firm

 

Basic

PAN registration INR 1,000

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