pan card, MAKING OF PAN CARD

1. PAN CARD
It is a 10 alphanumeric number known as
Permanent Account Number (PAN), issued in the
form of a laminated card by the Income Tax
Department of India.

2. INDEX
• INTRODUCTION TO PAN CARD
• WHY NECESSARY
• HOW TO APPLY FOR PAN
• VALID POI & POA

3. Why is it necessary to have PAN?
It is necessary to have PAN because as per the rules of I-T Department, it
is mandatory to quote PAN on all correspondence with any income tax
authority. It is good to mention here that since 1 January 2005, it has
become mandatory to quote PAN on challans for any payment due to
the I-T Department. Also, as stated above, it is now compulsory to quote
PAN in all documents pertaining to financial transactions notified from
time to time by the Central Board of Direct Taxes (CBDT). Some of these
financial transactions include sale and purchase of immovable property
or motor vehicle, or paying the hotels and restaurants in cash whose
amount exceeds a certain limit, or in connection with travel to any
foreign country. In fact PAN has to be mentioned for obtaining a
telephone or cellular telephone connection! Likewise, PAN has to be
quoted for making a time deposit exceeding Rs.50, 000/- with a Bank or
Post Office or for depositing cash of Rs.50, 000/- or more in a Bank.

4. How to apply for a PAN?
It has to be made ONLY on Form 49A. A PAN application
(Form 49A) can be downloaded from the website of Income Tax
department . The form is also available at IT PAN Service
centers and TIN Facilitation centres.
The following documents are to be submitted with
Form 49A:
•Individual applicants will have to affix one recent stamp size
(3.5 cm x 2.5 cm) photograph on the form
•Any one document listed in Rule 114 must be submitted as
proof of identity and address
•Designation and Code of the concerned Assessing Officer of
the Income Tax Department will have to be mentioned in the
form .
* One needs to pay Rs.5/- in cash to the I-T office when you
submit the downloaded form.

5. POI & POA
Proof of identity
(copy of any one)
Proof of address
( copy of any one)
1. School Leaving Certificate Electricity bill
2. Matriculation Certification Telephone bill
3. Degree of recognized educational
institution
Employer Certificate
4. Depository Account Statement Depository Account Statement
5.Bank Account Statement/Passbook Bank Account Statement/Passbook
6. Voter's Identity Card Voter's Identity Card

6. Proof of identity
(copy of any one)
Proof of address
( copy of any one)
7. Ration Card Ration Card
8. Water Bill Rent receipt
9. Property Tax Assessment Order Property Tax Assessment Order
10. Passport Passport
11. Credit Card Credit Card Statement
12. Driving License Driving License
13. Certificate of Identity signed by a
member of Parliament or a member of
Legislative Assembly or Municipal
councilor or a Gazetted Officer
Certificate of Address signed by a
member of Parliament or a member of
Legislative Assembly or Municipal
councilor or a Gazetted Officer

7. Who can apply on behalf of non-resident,
minor, lunatic, idiot, and court of wards?
Section 160 of IT Act, 1961 provides for a
Representative Assessee who will make
an application for PAN on behalf of a non-
resident, a minor, lunatic, idiot, and court
of wards and such other persons.

8. How to find ‘Assessing Officer code?
• You may find the Assessing Officer code from the I-T
Office where you submit your return of income.
Applicants who have never filed return of income
may find out Assessing Officer code with the help of
either IT PAN Service Center or TIN Facilitation
Center or jurisdictional Income Tax Office.

9. DURATION TO GET PAN
• It generally takes about 15 days to get a new PAN
allotted.
• You can also get a TATKAL PAN if the application for
the same is made through the Internet and the
payment for the same is made through a
‘nominated’ credit card.
• However, PAN can be obtained quicker (TATKAL
PAN) in around 5 days.

10. DO I PAY TAXES IF I HAVE A PAN?
Having an PAN doesn't mean that you have to pay
taxes. You only pay tax if you generate income
from/in India. But, it is always recommended to
file 'ZERO' taxes even if you don't have any tax
liability.