PAN (Permanent Account Number) is a unique 10-digit alphanumeric character assigned to all taxpayers in India. The Indian Income Tax Department matter PAN under the Indian Income Tax Act, 1961 under the supervision of Central Board for Direct Taxes.
Permanent Account Number is an electronic system that records all details related to tax – of a company or a single– against a single PAN number. It is the primary key for reserving information, which is shared beyond the country. PAN card is well-founded for a lifetime.
Open google home page and search NSDL
After this, you need to click on NSDL Online PAN Applicants which appears as a first in the google results as shown above.
Fill out all the required details. For example Applicant Type(Form 49A for Indian citizens) ,Category(Individual), Title(Shri/Smt/Kumari),Your name , Contact Details etc.
Enter Captcha Verification code which shown on the right side And Click Submit button. Note Down Token number and continue with the pan application.
Here You have 3 options using which you have to submit documents for pan application. You can submit documents digitally using e-KYC or submit scanned images by e-sign or you can give documents physically. Choose the document submission option and read the instructions carefully and click on Next button.
Here, you need to fill in your source of income and address details. Here you have a facility to save the information at this stage by clicking Save Draft
Here, fill out the AO Details to access the tax jurisdiction you qualify for.
Finally, Enter details about the documents which you submitted for the pan application. Here, you also be asked to submit your signature and photograph, upload this and click on Submit button.
After Submitting the application and making the payment, you will get an OTP on your registered mobile number So, verify yourself by entering the OTP And print the 15 digit acknowledgement number receipt.
Sign this receipt of acknowledgement number and courier to NSDL office within 15 days from the application date.
PAN Card is important for person who pay tax as it is necessary for all financial transactions and is used to track the inflow and outflow of your money.
The individual Permanent Account Number is of immoderate importance not only for income tax purpose but also because it enables every entity in India with the following –
The following documents are needed to change name on PAN card –