PAN is a unique identity allotted by Income Tax Department of India to ensure tracability of financial information and acts a proof of existence of monetary dealings in the country.
Obtaining a PAN is a simple and easy 4 staged process:
Purchase of plan
Providing documents as required by Teller for furnishing applicaiton
Acknowledgement provided by Teller on filing applicaition
Receipt of PAN card at your address
Documents To Be Submitted
Documents to be submitted:
Types of documents required for obtaining PAN depend on type of person for whom application is being made. Accoridngly, post purchase of plan your Teller will communicate the documents required for obtning PAN. Generally, 3 types of documents are required: Proof of identity, Proof of Address & Proof of date of birth (Refer FAQ 1)
FAQs
1. What are the documents required for obtaining PAN for an individual?
Proof of identity: Copy of Aadhaar Card/ Elector’s photo identity card/ Driving License/ Passport/ Ration card having photograph of the applicant/ Arm’s license. In case a person does not possess any of these documents he/ she may provide either a Certificate of identity in Original signed by a MP/ MLA/ Municipal Councilor/ Gazetted officer or a Bank certificate in Original on letter head from the branch(alongwith name and stamp of the issuing officer) containing duly attested photograph and bank account number of the applicant.
Proof of Address: Copy of Aadhaar Card/ Elector’s photo identity card/ Driving License/ Passport. However, in case a person does not have these documents, following documents may work:
Passport of the spouse/ Post office passbook having address/ Latest property tax assessment order/ Domicile certificate issued by the Government/ any landline,electriity,water bill, bank statement not older than 3 months.
Proof of date of birth: Copy of Aadhaar Card/ Elector’s photo identity card/ Driving License/ Passport/ Matriculation certificate/ Birth certificate issued by the municipal authority/ Marriage certificate issued by the Registrar of Marriages
2. Is it compulsory to quote PAN on return of income?
Yes, it is mandatory.
3. Do I need to apply for a new PAN when I move from one city to another?
No, a PAN card once issued is valid for lifetime unless surrendered and does not change if you move anywhere in India.
4. What should I do if I have more than one PAN?
Holding more than 1 PAN is not permitted and may be liable to a penalty Rs. 10,000. You may fill and submit PAN Change Request application form by mentioning the PAN which you are using currently on top of the form. All other PAN/s inadvertently allotted to you should be mentioned at item no. 11 of the form and the corresponding PAN card copy/s should be submitted for cancellation along with the form.
5. Is it mandatory to link PAN card with your Aadhaar Card?
Yes, linkiing PAN card with PAN is mandatory for furnishing of return of income. However, in other cases, due date for linking PAN with Aadhaar Card has been extended to 30th September 2019.