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Who needs a PAN card in India?
All Indian citizens having the source of income and valid proofs (as prescribed by the Income Tax Department) are eligible to apply for PAN card. Obtaining a PAN card or Permanent Account Number is mandatory for every tax payer or the person who needs to file an income tax return on behalf of self or others.
What is PAN Why is it required?
Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued by the Income Tax Department. It is required because it enables the department to link all transactions of the enterprise with the department. These transactions include tax payments, TDS/ TCS credits, returns of income/wealth/ gift/FBT, etc.
Can I work without PAN card?
Those who do not have a PAN card can fill Form 60 under the Income Tax Rules, 1962. Form 60 is nothing but a signed declaration stating that you do not have a PAN card and your income is below taxable limits. It also seeks details of your income.
What information can we get from PAN card?
Last character, i.e., the tenth character is an alphabetic check digit. PAN enables the department to identify/ link all transactions of the PAN holder with the department. These transactions include tax payments, TDS/TCS credits, returns of income, specified transactions, correspondence etc, and so on.
At what age we can get PAN card?
18 years
Minors: The minimum age to apply for a PAN card is 18 years. However, parents or guardians of individuals below 18 can also apply for PAN on their behalf.
What is PAN card Fees?
The charges for applying for PAN is Rs. 93 (Excluding Goods and Services tax) for Indian communication address and Rs. 864 (Excluding Goods and Services tax) for foreign communication address. Payment of application fee can be made through credit/debit card, demand draft or net-banking.
Does PAN card expire?
The PAN is valid for lifetime.
Is PAN card needed for salary?
NEW DELHI : Under the Income Tax Act, it is mandatory for all employees to submit their PAN (Permanent Account Number) to their office’s HR or accounts department as the onus is on your office to make TDS (tax deduction at source) if the income is above taxable limit.
How can I know my salary from PAN number?
Visit www.tdscpc.gov.in/app/tapn/tdstcscredit.xhtml Click on ‘Proceed’ Enter the PAN and TAN. Select the financial year as well as the quarter and the type of return. Click on ‘Go’
At what age PAN card is made?
How do I know if someone is using my PAN card?
When your PAN card is illegally used, you may not even be aware of this for atleast 6 months after the wrong transaction. You can check for such benami transactions by going through your Form 26AS, which is a consolidated statement of tax deducted, along with other details.
What is the full form of PAN card?
PAN (Permanent Account Number) is an identification number assigned to all taxpayers in India.
How do I get a PAN card in India?
Follow these steps to apply for a PAN card online in India: You can apply for a PAN card online either via NSDL or UTITSL websites. On the page linked in the previous step, you will see a form titled Online PAN application. Select the category of PAN card you need.
What are the documents required for PAN card in India?
Proof of Identity
What is the use of a PAN card in India?
To register your company in India
How do I apply for PAN card in India?
So to apply for PAN Card in India first of all you need to open the NSDL website, you can open NSDL website by using the link provided. By using the link NSDL website will get opened in new tab on your browser. Now you need to click on New PAN Card for Indian Citizens (Form 49A).