Permanent Account Number (PAN)
PAN Stands for “Permanent Account Number”.
PAN Card is a nationalised identity card. Without a PAN, you will not be able to carry out any financial transaction. A PAN card is issued under the Income Tax Act, 1961 and it contains a unique 10-digit alphanumeric code. This code is computer-generated and is unique to the holder of the card and is valid for the lifetime.
Modes of Application :
One can apply for a PAN card in two ways – online application process and, the offline mode of PAN card application. In the following sections, we will discuss the methods you can use to apply for and get a PAN card.
How To Apply for PAN Card Online?
Online PAN card applications can be made on the Income tax portal using Aadhaar, the NSDL website or the UTIITSL website. Both have been authorized by the Government of India to issue the PAN or to make changes/corrections in the PAN on behalf of the Income Tax Department.
Documents Required For PAN Card
Below are the documents required to be submitted along with the PAN card application:
- Identity proof
- Address proof
- Date of birth proof
- Registration certificate in case of companies, firms, HUF and association of persons. For More Documents
AUTOMATIC PAN ALLOTMENT FOR CORPORATES
The Ministry of Corporate
Affairs has integrated the PAN allotment at the time of company incorporation itself. Thus for Private Limited Companies, Public Limited Companies and Limited Liability Partnership firms, there is no requirement for making separate PAN applications. PAN is allotted automatically at the time of incorporation and will be reflected in such incorporation certificate.
How To Make Corrections/Updates In PAN?
If you want to make changes in the existing PAN such as change in name, date of birth etc, you can apply for it online. The procedure is almost the same as you apply for new PAN except in case of corrections in PAN, you also need to submit the documents to support the change required in PAN.
Frequently Asked Questions
