PAN number is an identifying number. Permanent Account Number helps to identify various tax pairs in our country. PAN number is a 10 digit identification number assigned to Indians. It contains alphabets and numbers. It is an identification of a Computer Based system. PAN card is given by the Income Tax Department. PAN card contains name, date of birth, father’s name and photograph .You can submit the copies of this card as proof of Identity. It is valid for lifetime. You can apply offline or online to the PAN card.
You can apply for a new PAN card as well as make a correction. You can apply for a duplicate PAN card if you lost the original. A PAN card is an important document which can be used for various purposes. It is nationally accepted identity proof. You can use this card to perform various business transactions. If you want to apply for a PAN card you should fill in all the details like identity and address proof documents. Write a complete address and provide accurate contact details. If you want to opening a bank account, filing your IT returns, apply for a loan,apply for gas ,purchasing property ,getting credit or debit card ,opening fixed deposit account ,making insurance premium payments, PAN card is necessary.
How to apply for PAN card
Visit the official website
Select the type of application
Choose the category
Enter required informations
Enter name,date of birth, email ID,mobile number
Agree terms and conditions
Enter captcha code
Click submit button
You will get an acknowledgement number
Download documents
You will get physical copy of PAN card
Documents
Adhar card
Voter ID card
Passport
PAN card is necessary for taxpayers for all financial transactions and track the inflow and outflow of your money. It is necessary to pay Income Tax ,receive tax refunds, and receive communication from the income tax department. A PAN card is necessary while paying taxes directly. While registering a business plan information needs to be furnished. PAN card is necessary for sale or purchase of property which is valued above 5 lakhs. PAN card is necessary for sale or purchase of a vehicle except two wheeler. If the payments made towards hotels which are above 25000 or payment connection with travel requirements need Pan cards.
Bank deposits above Rs 50000 need pan cards. Insurance policy worth Rs 50000 needs a PAN card. If you want to purchase mutual fund schemes ,purchase jewellery ,to remit money out of India ,transfer of funds from NRI to NRO account PAN card is necessary.
PAN cards can be used as a valid identity proof throughout the country. You can keep track of your tax payment with a PAN card. It is unique for every entity, its misuse is almost impossible. You can use it for utility connections. Any person who has paid tax or to pay tax to the Income Tax Department has eligibility to get a pan card. Any person who earned him a yearly turnover of more than 5 lakh is eligible to get a pan card. Importers and exporters are eligible. Charitable organisations, associations and trusts are eligible to get a pan card.
The structure of the PAN card contains the first three characters from alphabets. The 4th character signifies the type of taxpayer.
A – Association of persons
B – Body of Individuals
C – Company
F – Firm/ Limited Liability Partnership
G – Government Agency
H – HUF
L – Local Authority
J – Artificial Judicial Person
P – Individual
T – Trust
The 5th character is the first letter of your surname. 6th to 9th characters are a sequence of numbers between 0001 and 9999. Last character is an alphabet check letter.
Different types of Pan cards are issued to different tax paying entities. PAN card is issued for Indian individuals ,Indian companies, foreign citizens and foreign companies. A PAN card contains a person’s photograph, name ,father’s name, date of birth ,signature ,authenticity hologram ,QR code ,date of issue and permanent account number.
How to link pan card with adhar card
Now you should pay Rs 1000 for linking your PAN card to aadhar card.
Then you can link PAN card to aadhar card
You should check if you linked the pan card with aadhar card.
Visit the official website of the income tax department.
Click link aadhar status
Enter PAN card number
Enter aadhar card number
Click view aadhar link status
You can see your status.
If the PAN card is not linked with aadhar ,click the link aadhar option.
Enter PAN card,aadhar number
Click the validate option.
Select continue to pay option
You can select Challan number 280.
Select 0021 option from tax applicable option.
Select payment
Select mode of payment
Select bank
Enter PAN number, assessment year,address, village,pin code, email ID,Mobile number,etc
Enter captcha code
Click proceed option
Submit it
After 7 days to pay the fine you can link the PAN card with aadhaar .We can see how to link aadhaar with a PAN card easily.
Visit official website of income tax department
Select link aadhar option
Enter PAN card and aadhar card number
Click validate option
You can see your payment details are verified option.click continue option
Enter name as per aadhar
Enter mobile number
Click I agree to validate my aadhar details option
Select link aadhar option
Enter OTP number
Click validate option
Click the ok button.
Your PAN card linked to aadhar number
You can check the status.