PAN,formally generally known as Permanent Account Number is usually a Ten digit Alphanumeric number which can be issued by the Income Tax department. The PAN is brought to the applicant from the Form of laminated Card. Every PAN card holder includes a unique PAN which may never match any. An example of Permanent Account number(PAN) is “ABRPP467oD”. As you are able to see PAN is usually a combination of numbers and letters(alphanumeric).
Get your PAN card online
The PAN is not a Random one, it really is created by after a pattern :
First three characters within the PAN(“ABR” in such cases) are always alphabetical numbers
Fourth Character on the PAN, represents the Type of PAN
P – Individual,
C – Company
H- HUF (Hindu Undivided Family)
A – AOP (Association of Persons)
T – Trust
Fifth Character from the PAN represents the First letter of PAN holder’s Surname.
Next Four Characters would be the sequential numbers(from 0001 to 9999)
Last Character is undoubtedly an alphabetic Check Digit
How PAN Card is Beneficial for Income Tax Department :
According to Income Tax department – “It is required to quote PAN on return of revenue, all correspondence with any tax authority. From 1 January 2005 it will likely be mandatory to quote PAN on challans for just about any payments as a result of Income Tax Department.”
All transactions of person are connected with the department via PAN. The transactions usually are Tax payments, TDS/TCS Credits, returns of greenbacks, correspondence and so forth. PAN is surely an identifier of a typical individual while using Income Tax department.
Who Should Have PAN ? :
All existing taxpayers(or individuals) that are required Apply for pan card correction or changes to Furnish return of greenbacks(even regarding others)
Any BusinessMan or Individual whose turnover will probably exceed Five Lakh Rupees
Any Person who gets the intention of access financial transaction where quoting PAN is usually recommended
Any employee or personnel(with early income Rs. 5 lakh) need to have the PAN card. Those whorrrre expecting their yearly income for being more than this amount must obtain their PAN immediately.
Note : It must be noted that you can have lone one PAN. Usage of two PAN(of same category) by any person is resistant to the laws.
Why if you ever Get PAN Card :
As mentioned previously, PAN card is for the taxes department. Being a responsible and honest citizens of the country it really is mandatory for everyone people to manage to get thier PAN. If you’ve got the PAN , you won’t ever face any issue from the Tax payment. PAN card also function as important ID proof while trying to get services like, New Telephone connection, Credit Card etc. We have covered an independent Post concerning the Benefits of PAN Card.
Price of PAN Card :
If the communication address is at India only, the PAN card will Cost you Rs. 105
If the communication address is outside India, the Price of PAN card is Rs 971 in such a case
PAN card NSDL UIITSL
Note : This would be the actual amount you need to pay for Download duplicate pan card, while applying through online. If you have requested for New PAN through any agent or Third party, the cost may vary.
You may also be advised to Read the post on Cost of PAN
Applying For New PAN Card :
To sign up for New PAN, you are able to apply through PAN application centres.The documents in favor in the proof of identity(POI), evidence of address(POA) and proof Date of Birth(POD). For complete details like Details of Documents instructed to Apply for PAN, Filling the Form number 49a and Paying the PAN card Fee, look at this Post – Apply Online for New PAN.
Check PAN Card Status :
You can track the Status of PAN Card, that you tried for. Though, it has to be noted that in order to the PAN Card Status, you need to enter the acknowledgment number or Coupon number(provided throughout the registration). For complete details, read our post on checking PAN Card Status.
Lost/Damaged PAN Card :
In case you might have lost your PAN Card(or it’s damaged), you can submit an application for Duplicate PAN card. It must be noted that this Duplicate PAN card is not going to change your PAN. The PAN allotted to anybody remains same through the lifetime. Other thing worth mentioning is the fact that, if you’ve got the photocopy or image of your Lost or damaged PAN card, it must be attached while using application.
Making Changes in Your Existing PAN Card :
While trying to get New PAN, if you could have mistakenly entered any value correctly, you’ll get the PAN with those details only. To make corrections, you might have to make Changes within the PAN Online.
What are NSDL and UTIITSL :
NSDL and UTIITSL will be the official partners of Income Tax departments for accepting PAN card applications Online. Applicants can put online with the PAN car over the NSDL and UTIITSL portals. Online filling of PAN also contains Form number 49a. Before applying applicants must browse the instructions.
What are NSDL and UTIITSL : NSDL and UTIITSL would be the official partners of Income Tax departments for accepting PAN card applications Online. Applicants can use online for your PAN car throughout the NSDL and UTIITSL portals. Online filling of PAN also is made of Form number 49a. Before applying applicants must look at the instructions.
Contacting the PAN Card Customer Care :
There are times when you might have certain questions associated with your PAN card, and you don’t know whom in the event you contact. If you applied with the UID card status or NDSL website, you are able to contact the client support. They can be contacted via email or over the helpline numbers too. You can even fill the internet form, specifying your query. The executives can provide resolution in your queries. Not sure in what is the email id or number, where you need to contact? Read the information PAN Customer Care.
Permanent Account number(PAN) can be a must have asset for that Indian Citizens. In fact, The foreigner Citizen will also have a PAN card in India. Due to increasing amount of Frauds in Tax, the PAN was introduced. Being a loyal and good citizen, You must get the PAN card. Having a PAN card helps you being tension free of all tax related issues. It also serves as a Identity proof and even, a good PAN becomes mandatory. We at epancard.com specialize in help people in getting New PAN cards, Applying for Duplicate PAN, Making corrections in PAN information and so forth.