What is a PAN ?
PAN (Permanent Account Number) is an identification number assigned to all taxpayers in India.PAN is an electronic system through which all tax related information for a person/company is recorded against a single PAN number. This acts as the primary key for storage of information and is shared across the country. Hence no two tax paying entities can have the same PAN.
PAN Card is issued to individuals, companies, non-resident Indians or anyone who pays taxes in India.
Types of PAN
How to get a PAN
These steps are for individuals only, and not for other categories under which a PAN card can be issued, such as an association of persons, body of individuals, company, trust, limited liability partnership, firm, government, Hindu undivided family, artificial juridical person, or local authority.
Indian citizens need three types of documents to apply for a PAN card. These are an identity proof, an age proof, and a proof of date of birth.
PAN requires two types of documents. Proof of address (POA) and Proof of Identity (POI). Any two of the following documents should meet the criteria
Individual Applicant | POI/ POA- Aadhaar, Passport, Voter ID, Driving Licence |
Hindu Undivided Family | An affidavit of the HUF issued by the head of HUF along with POI/POA details |
Company registered in India | Certificate of Registration issued by Registrar of Companies |
Firms/ Partnership (LLP) | Certificate of Registration issued by the Registrar of Firms/ Limited Liability Partnerships and Partnership Deed. |
Trust | Copy of Trust Deed or a copy of the Certificate of Registration Number issued by a Charity Commissioner. |
Society | Certificate of Registration Number from Registrar of Co-operative Society or Charity Commissioner |
Foreigners | PassportPIO/ OCI card issued by the Indian GovernmentBank statement of the residential countryCopy of NRE bank statement in India |