Significance of Pan card for India

Pan card in India is compulsory for taxation purpose as well as for varied kind of financial transactions. It is also used as photo identity proof and address proof at several instances. The significance of pan card in India has been grown tremendously in the last few decades. Today, PAN card is to be necessarily quoted on return of income as well as with all correspondence with any income tax authority. It is also compulsory to quote number in all documents related to financial transactions in India as notified by the Central Board of Direct Taxes such as sale and purchase of immovable property or motor vehicle or cash payment to hotels exceeding Rs. 25,000. Likewise, PAN has to be mentioned for making a time deposit more than Rs 50,000 with a bank or post office in India. It is also necessary to quote the PAN for invest in mutual fund investments, shares, bonds or debentures of Rs 50,000 or more.

How to get pan card for India?



In order to get card for India, one must apply on Form 49A, which can be easily downloaded from the official website of Income Tax department or UTIISL or NSDL. Pan card application is also available at the local Service centres and TIN Facilitation centres in your city. One can also get form through private agencies providing assistance for PAN card related services. In certain instances, one can get card for India allotted within shortest span of time when it is submitted through internet and payment made through a 'nominated' credit card. In such a case, PAN is allotted on priority and communicated through email.

In order to know the location of IT PAN Service Centres or TIN Facilitation Centres in any city, one can approach local Income Tax Office or any office of UTI/UTIISL or NSDL in that city or get detailed information from websites of the Income Tax department.IT PAN service centres or TIN facilitation centres provide PAN application forms (Form 49A) and forms for 'Request for new PAN card or/and changes in data. They provide assistance for filling up the form, collect filled form and issue acknowledgement slip to the applicant. Once the PAN is obtained from the Income tax department, UTIISL or emura pfanne kaufen NSDL deliver the printed Card to the applicant.

There are also online agencies providing complete assistance related to card for India to Indians as well as foreign nationals. These agencies take all the hassle out of the process and make it convenient for individuals/companies to get pan card within shortest span of time and without any inconvenience.








Ashok Dey is well known content writer. He has a good experience and has written many articles on the topic of apply pan card online India & pan card for India .