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Need To Get A PAN Card? Here’s All You Need To Know

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Need To Get A PAN Card? Here's All You Need To Know

A Permanent Account Number allows the Income Tax Department establish a possible taxpayer.

Do you could get hold of a Permanent Account Number (PAN) card? A Permanent Account Number is a 10-digit alphanumeric quantity issued by the Income Tax Department. This quantity is exclusive for every revenue tax assessee. A ​PAN allows the Income Tax Department to establish all transactions made by a possible revenue tax assessee. These transactions embrace tax funds, tax deducted at supply (TDS)/tax deducted at assortment (TCS) credit and revenue tax returns. Furnishing a PAN is required for finishing up a spread of duties, similar to opening a checking account or a demat account, or making massive transactions. A PAN card can be accepted as legitimate photograph identification at most organisations.​

How To Get A PAN Card

Which Form To Use?

A ​​​PAN card could be obtained by filling up the shape 49A (49A for Indian residents and 49AA for international residents). 

Where To Submit A PAN Application?

A PAN software could be submitted on-line by the NSDL or UTIITSL ​web site. These are: www.tin-nsdl.com and utiitsl.com, respectively. (Also learn: Why having a PAN card is important)

How Much Does A PAN Application Cost?

The expenses for making use of for a PAN vary from Rs 93 to Rs 864 (excluding GST or Goods and Services Tax). For a communication tackle positioned throughout the nation, a cost of Rs 93 (plus GST) is relevant, and for a communication tackle exterior the nation, a cost of Rs 864 (plus GST) applies, in accordance with the I-T division’s web site.

How To Make Payment?

The cost in the direction of a PAN card software could be made by a credit score/debit card, a requirement draft or internet banking, in accordance with the Income Tax Department.

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