Apply for PAN Card
PAN is an abbreviation of Permanent Account Number. The Income Tax Department of India assigns an alphanumeric, 10-digit unique number (e.g. ABCDE1234F) to each taxpayer. Each PAN number is unique and different for each individual.
1. The PAN number keeps track of a person’s financial activities and is required for all forms of payment.
2. A PAN card appears to be a physical plastic card with one’s PAN number, name, DOB, and photograph printed on it.
3. The PAN number is valid for life because it is unaffected by changes in address or job profile and can thus be used as proof of identity.
Uses of PAN Card
- Apart from Income Tax Purposes, a PAN Card is used in the following cases- Identity Documentation Aside from an AADHAR card or voter ID card, you can use a PAN card as proof of identity.
- PAN cards are accepted for a variety of financial transactions.
- Returns on Income Individuals and entities who are eligible to file IT returns must have a PAN card. Claim on income tax returns There are times when the TDS deducted exceeds the actual tax to be paid. In such cases, the excess amount can be claimed by linking the PAN card to the taxpayer’s bank account.
- Open a bank account You can easily open a bank account by submitting the necessary documents, such as a PAN card For real estate purposes A PAN card is required as proof when buying, renting, or selling property.
- To acquire a loan At the time of loan application, you must submit all required documents, including your PAN card. A PAN card is required for any type of loan, whether it is an education loan, a personal loan, or another.
- To buy jewelry You must submit your PAN card details to buy jewelry valued at more than Rs 5,00,000
- Foreign Exchange You must submit your PAN card details to the money exchange institution if you want to convert your Indian currency into foreign currency.
- For the purpose of investment, If you intend to invest in securities, you must provide your PAN details to the relevant authorities for transactions exceeding Rs. 50,000. PAN card information is also required for mutual funds, debentures, and equities. Purchase of goods & services The purchaser or seller must provide his or her PAN card information for transactions involving more than Rs. 2 lakhs in the purchase or sale of goods and services.
How to Apply for PAN Card
First Method (Recommended): You can easily apply for a PAN Card with ClickApply by filling in below mentioned short form and then the rest will be done by us. You can also call on our helpline for any help with this method.
Second Method: You can also apply for a PAN card by directly visiting on NSDL portal and then filling out the Digital form.