Permanent Account Number (PAN)
WHAT IS PAN?
WHY IS IT NECESSARY TO HAVE PAN?
Documents to be submitted as Proof of Identity and Address by Individual who is Citizen of India located in India at the time of application for PAN
Proof of Identity:
Copy of any of the following:
1 School leaving certificate
2 Matriculation certificate
3 Degree of a recognized educational institution
4 Depository account statement
5 Credit card statement
6 Bank account statement/ bank pass book
7 Water bill
8 Ration card
9 Property tax assessment order
10 Passport
11 Voters Identity Card
12 Driving License
13 Certificate of identity signed by Member of Parliament or Member of Legislative Assembly or Municipal Councilor or Gazetted Officer in the prescribed format.
Proof of Address:
Copy of any of the following:
1 Electricity bill *
2 Telephone bill *
3 Depository account statement *
4 Credit card statement *
5 Bank account statement/bank pass book *
6 Rent receipt *
7 Employer certificate *
8 Passport
9 Voters Identity card
10 Property tax assessment order
11 Driving License
12 Ration card
13 Certificate of address signed by Member of Parliament or Member of Legislative Assembly or Municipal Councilor or Gazetted Officer in the prescribed format
Documents to be submitted as Proof of Identity and Address by Citizen of
India located outside India at the time of application for PAN
• Proof of Identity : Copy of passport
• Proof of Address :
Copy of any of the following :
Application Form for PAN:
http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/Form49aE.PDF
Application form for Changes in PAN:
http://www.incometaxindia.gov.in/Archive/ChangeForm.pdf
Permanent Account Number (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 without an application.
PAN enables the department to link all transactions of the “person” with the
department. These transactions include tax payments, TDS/TCS credits, returns of
income/wealth/gift/FBT, specified transactions, correspondence, and so on. PAN,
thus, acts as an identifier for the “person” with the tax department.
PAN was introduced to facilitates linking of various documents, including payment of
taxes, assessment, tax demand, tax arrears etc. relating to an assessee, to facilitate
easy retrieval of information and to facilitate matching of information relating to
investment, raising of loans and
other business activities of taxpayers collected through various sources, both internal as well as external, for detecting and combating tax evasion and widening of tax base.
other business activities of taxpayers collected through various sources, both internal as well as external, for detecting and combating tax evasion and widening of tax base.
WHY IS IT NECESSARY TO HAVE PAN?
It is mandatory to quote PAN on return of income, all correspondence with any
income tax authority. From 1 January 2005 it will be mandatory to quote PAN on
challans for any payments due to Income Tax Department.
It is also compulsory to quote PAN in all documents pertaining to the following
financial transactions :-
(a) sale or purchase of any immovable property
valued at five lakh rupees or more;
(b) sale or purchase of a motor vehicle or vehicle,
[the sale or purchase of a motor
vehicle or vehicle does not include two wheeled
vehicles, inclusive of any detachable
side-car having an extra wheel, attached to the
motor vehicle;]
(c) a time deposit, exceeding fifty thousand rupees,
with a banking company ;
(d) a deposit, exceeding fifty thousand rupees, in
any account with Post Office
Savings Bank;
(e) a contract of a value exceeding one lakh rupees
for sale or purchase of securities; (f) opening a bank account;
(g) making an application for installation of a
telephone connection (including a
cellular telephone connection);
(h) payment to hotels and restaurants against their
bills for an amount exceeding
twenty-five thousand rupees at any one time ;
(i) payment in cash for purchase of bank drafts or
pay orders or banker’s cheques for
an amount aggregating fifty thousand rupees or more
during any one day;
(j) deposit in cash aggregating fifty thousand
rupees or more with a bank during any
one day;
(k) payment in cash in connection with travel to any
foreign country of an amount
exceeding twenty-five thousand rupees at any one
time.
Documents to be submitted as Proof of Identity and Address by Individual who is Citizen of India located in India at the time of application for PAN
Proof of Identity:
Copy of any of the following:
1 School leaving certificate
2 Matriculation certificate
3 Degree of a recognized educational institution
4 Depository account statement
5 Credit card statement
6 Bank account statement/ bank pass book
7 Water bill
8 Ration card
9 Property tax assessment order
10 Passport
11 Voters Identity Card
12 Driving License
13 Certificate of identity signed by Member of Parliament or Member of Legislative Assembly or Municipal Councilor or Gazetted Officer in the prescribed format.
Proof of Address:
Copy of any of the following:
1 Electricity bill *
2 Telephone bill *
3 Depository account statement *
4 Credit card statement *
5 Bank account statement/bank pass book *
6 Rent receipt *
7 Employer certificate *
8 Passport
9 Voters Identity card
10 Property tax assessment order
11 Driving License
12 Ration card
13 Certificate of address signed by Member of Parliament or Member of Legislative Assembly or Municipal Councilor or Gazetted Officer in the prescribed format
* documents submitted as proof of address for serial numbers 1 to 7 and 13 should not be more than six months
old from the date of application.
If the applicant is a minor (i.e. below 18 years of age at the time of application), any of the documents as per the lists specified below of any of the parents / guardian of such minor shall be deemed to be the proof of identity and address of the applicant.
• Proof of Identity : Copy of passport
• Proof of Address :
Copy of any of the following :
1 Copy of passport
2 Copy of bank account statement in country of residence
3 Copy of NRE bank account statement (showing at least two customer induced
transactions in last six months period and duly attested by Indian Embassy /
Consular office / High Commission or Apostille or the manager of the bank in
which the account is held. The applicant may be a joint holder.
http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/Form49aE.PDF
Application form for Changes in PAN:
http://www.incometaxindia.gov.in/Archive/ChangeForm.pdf
