PAN serves as a crucial identification tool for various financial transactions and is used to track taxpayers and their financial activities. PAN cards are required for several purposes, including filing income tax returns, opening bank accounts, investing in securities, buying and selling assets, and more.
Form 49A - Application for PAN by Indian Citizens:
Form 49A is used for the allotment of a Permanent Account Number (PAN) to Indian citizens, entities incorporated in India, and unincorporated entities formed within India. Here's what you need to know about this form:
- Purpose: Form 49A is used to apply for a new PAN card or to make changes or corrections in the existing PAN details.
- Applicable Individuals/Entities: Individuals who are citizens of India. Companies, partnerships, trusts, etc., that are registered or incorporated in India. Sole proprietorships, Hindu Undivided Families (HUFs), associations of persons (AOPs), etc.
- Documents Required: Personal details such as name, date of birth, gender, etc.
- Address for communication : Contact information like phone number and email. Supporting documents for identity and address proof.
- Submission and Process: The form can be submitted online or physically at PAN service centers. Necessary documents must be attached as proof of identity and address. After submission, the PAN card will be processed and dispatched to the provided address.
Click here to download the Form 49A
Form 49AA - Application for PAN by Foreign Citizens:
Form 49AA is used for the allotment of a Permanent Account Number (PAN) to individuals and entities that are not citizens of India, entities incorporated outside India, and unincorporated entities formed outside India. Here's what you need to know about this form:
- Purpose: Form 49AA is used to apply for a new PAN card by foreign citizens and entities operating outside India.
- Applicable Individuals/Entities: Foreign nationals residing in India or conducting financial transactions in India. Companies, organizations, etc., that are registered in other countries. Foreign partnerships, associations, trusts, etc.
- Documents Required: Similar to Form 49A, Form 49AA also requires personal and contact details. Additional details about the country of incorporation or citizenship. Supporting documents for identity and address proof, often attested by authorities like notary public.
- Submission and Process: Similar to Form 49A, the form can be submitted online or at PAN service centers. The required documents need to be provided for verification. After processing, the PAN card will be sent to the communication address.
Click here to download the Form 49AA