Permanent Account Number (PAN), as it is generally known should be possessed by each taxpayer in the country and anybody who wants to do business in India. The government has made it compulsory for entities to refer PAN for a number of transactions and anybody involving in these transactions should forcibly have a PAN. A taxpayer or assessee can pertain for a PAN on part of others, involving minors.
PAN Card Eligibility Criteria and Documents Needed for Indian citizens:
There are diverse eligibility criteria and documents needed for Indian citizens who want to have a PAN, based on whether the PAN is needed by a person, firm, venture, association, etc. The basic criteria are described below.
Individuals – The applicant should be a citizen of India with a suitable address, DOB and identity proof. This proof can be either a driving license, passport, Aadhar, Voter ID card, etc.
Hindu Undivided Families (HUF) – The Karta of a Hindu Undivided Family can apply for a PAN on part of the family by giving a valid ID proof, address proof and DOB for all members of the family. The Karta is also anticipated to provide the father’s name to apply for New PAN.
Minors – A parent or guardian can apply for a PAN on part of a minor by giving a valid address proof and identity of the parent or guardian.
Indian citizens living abroad – If the applicant is an Indian citizen who lives outside the country, he or she should give a copy of his/her bank account statement in the current country of residence as valid address proof.
Mentally challenged people – There are situations where a mentally challenged person might need a PAN card and in this case an agent can apply on his or her behalf. The agent will have to give details of such an applicant plus his/her agent’s information.
Companies – Companies which require a PAN card should be registered with the Registrar of Companies and should give a copy of their registration record.
Partnership Firms or LLPs – These entities should be registered with the applicable government authorities and should give a copy of their registration record.
Trusts – Trusts which are registered can apply for a PAN card by putting forward a copy of their trust action or registration record.
Associations or Local authorities – Registered associations or local authorities can submit an application for a PAN by submitting a copy of their contract or registration record.
Simulated Juridical Person – Such entities can submit an application for a PAN card by submitting their identity proof and address, either in the type of government documents or registration records.
Entities with no office in India – Firms, organizations, trusts, simulated juridical authorities, etc. with no office in India require applying by submitting their ID and address proof. This proof can be either in the type of their registration record from the country in which they are situated, confirmed by the Indian Embassy or Consulate of that country. In case if this is not present they require getting a registration record in India or agreement documents from appropriate authorities. Indian applicants can submit an application for a PAN card by using Form 49A.
PAN Card Eligibility Criteria and Documents Needed for Foreign Citizens or Entities:
Foreign citizens and companies who are dedicated on establishing base in India require satisfying a few basic eligibility criteria and submitting the following documents in order to get a PAN card.
Foreign citizen or Individual foreign citizens who want to apply for a PAN card can do so by offering valid Id Proofs for Pan Card. This can be their passport, PIO card, citizenship ID number, etc.
Passport/PIO card/OCI card:
TIN (Taxpayer Identification Number) or CIN (Citizenship Identification Number) confirmed by the Ministry of External Affairs or High Commission or Indian Embassy. Applicant can even get this confirmed by the consulate of the country where he or she lives or from a certified official of Indian scheduled bank branch located overseas.
Bank statement of account from the country where he or she lives:
Bank statement of account from the NRE or Non-resident External account operated in India.
Certificate representing the residence position in India or residence authorization issued in India by the police authority.
Registration certificate having Indian residential address and given by Foreigner Registration Office.
Copy of visa approved or letter of appointment provided by Indian company. Even an address proof provided by an Indian employer in original can be formed.
Companies – Foreign companies can submit an application for a PAN card by providing a copy of their Registration Certificate from the country where an applicant is available. This should be confirmed by the Indian Embassy, Consulate or High Commission in that country. A copy of the registration certificate authorized by Indian authorities in India will also fulfill your requirements as proof for PAN.
Firms, Associations, Trusts – Such entities can submit an application for a PAN card if they are registered and have a registration record from the country where they are situated. This registration certificate should be confirmed by the Indian Embassy or Consulate or High Commission in that country.
Foreign entities can submit an application for a PAN by using Form 49AA, with the eligibility criteria and documents needed keeping the same in spite of whether a foreign applicant is present inside India or outside when applying for a PAN card.