Permanent Account Number - PAN Archives

How to apply PAN card for a partnership firm in India

Partnership firm in India are governed by Partnership Act, 1932. In India anyone can form partnership firm either by writing a partnership agreement or by oral. For income tax purpose, partnership firm has to submit partnership deed as a proof of its existence along with PAN card application form 49A. Before applying you need to … Read More »

Is PAN card a mandatory requirement for company registration in India

In case of Indian residents, Income tax’s Permanent Account Number or PAN details are a mandatory requirement for company incorporation. While applying for DIN in form DIR-3, you are required to provide your income tax’s permanent account number or PAN details and get it verified online. However, this field is not a mandatory field in … Read More »

Why should NRI get a PAN Card

Non resident Indians (NRI) are taxable for the income that they receive from India. With effect from 1st of April 2010, non resident Indians are required to obtain Permanent Account Number (PAN) from IT department and provide the same to the deductor. Failure to do so will attract higher withholding of income tax at the … Read More »

PAN Card for Non Resident – How Non residents Can Obtain a PAN Card in India

Non residents are required to obtain a PAN card in India if they have received any income from India or for any other reason they are required to file their income tax return in India. To file such IT return, a non resident has to obtain a PAN card from income tax department. PAN is … Read More »

More than one PAN will attract penalty of Rs.10000

PAN is an alphanumeric 10 digit number which is used in all communication to income tax department. As per the provisions of income tax act, one tax payer can not possess more than one PAN. This does not mean that you can not apply for a PAN card if it’s lost. What we are talking … Read More »

How to Apply for a Duplicate PAN Card

PAN card is an essential document for all purpose. Now a days its not only required for income tax purpose but for all financial transactions and identity proof PAN card is required. You should not be tensed or restless by losing your PAN card as your can get issued a duplicate one from income tax … Read More »

PIN for a credit card – Personal identification number

To enhance security of your online card transaction, RBI has made it mandatory to have an authentication pass code (PIN) for all online transactions. Such PIN has to be verified by VISA or MASTERCARD secure code. By adding an extra security layer at the checkout point we expect all online transactions are to be safer … Read More »

Forms required for applying a PAN card in India

PAN card can be applied by using form 49A or 49AA. You can download these forms online or can be prepared on your own. If you are applying through a TIN FC then such forms are also available there. Now the biggest question that is asked by a common man is which form I should … Read More »

How to get a PAN card for your company

PAN is basically a 10 digit alphanumeric number which is allotted to a company who applied for it. Such cards are allotted under the supervision of Central board of direct taxes (CBDT). It is similar to the social security number used in USA. The primary objective of a Permanent Account Number is to use it … Read More »

TDS @20% if PAN is not quoted

You have to pay higher income tax at source with effective from 1st of April 2011 in cases where you have not given your PAN number to the payer. IT act has specified 22 items where the payer has to compulsorily deduct income tax from the income or payment that is paid to the payee. … Read More »