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Steps to apply for PAN Card in India

Steps to apply for PAN Card in India
Stock Market1 min read
PAN card, expanded as Permanent Account Number can be described as a nationalized identity card. PAN card is necessary to carry out any financial transaction in India. PAN number is a unique 10-digit alphanumeric and identity number allotted to the tax-paying person, company or HUF. The Indian Income Tax Department is the authority issuing the PAN card. The validity of a PAN card for individuals and enterprises is for a lifetime.

Before applying for PAN card, you must ensure that you do not have a PAN card already. As per the Section 272B of the Income Tax Act 1961, possessing more than one PAN card is punishable with a penalty of Rs.10,000. If you have your PAN number but have lost the PAN card, you can apply for lost PAN card. For making any changes in the PAN card details, you need to apply for changes in PAN card. Applying for a new PAN card, making changes and applying for a lost card can all be done online.

Steps to apply for PAN Card

  • You must first submit the PAN card application Form 49A you can find on NSDL.
  • The Website for this is https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html
  • Input all the details asked in the form https://tin.tin.nsdl.com/pan/Instructions49A.html#instruct_form49A
  • Make the payment online via credit or debit card, net banking or demand draft. Successful payment will be acknowledged. You must save this acknowledgement number.
  • Once the online application is accepted along with the payment, you must send the supporting documents via post or courier to the NSDL. The documents asked for verification include identity proof, address proof and date of birth proof.
  • Once the PAN is sanctioned for you, you will receive the card in your address.

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