Being a business entity (company), individual or any kind of firm, you need to be familiar with the acronym PAN i.e. Permanent Account Number. This Indian PAN number is basically designed with ten numeric digits and these numbers are printed on the laminated piece of card. Income Tax department generally owns up the responsibility to issue this card after the necessary verification.
Now before applying for the PAN, you should have the basic information about the PAN and why it is required. To be frank, if you are a tax payee or a trader you need to activate the this card for filing the income tax or making any official communication with the concerned authority of the finance department in relation to income tax issues.
Collect Necessary Information
From 2005 it has become compulsory to mention PAN number on the invoice delivered by Income Tax department for realizing the dues or outstanding balance. Also from April 1st 2010 it is necessary for a foreign company registered outside India even with no offices in India to hold a company PAN Number in India if they intend to do business with any Indian company. There are a number of functionalities of this permanent account number.
With this legal and authorized card, you can feel free to settle any tax related or financial issues with the CBDT department. Besides, if you think that you will purchase a cell phone or install the land phone at your home, you need to submit the application along with the PAN.
- One other hand, suppose you are a business magnet and you feel it urgent to pay short visit to foreign country for official purpose, you should be in possession of the PAN card as a identity proof. It will work much better than other legal documents. It is much more convenient to use. You can slip it into the pocket or keep it in the wallet or purse. For getting PAN, kindly follow few steps.
Submit application to the particular authority for completing verification process for issuance of the card. Recently Income Tax authority has given the legal consent to UTIISL to supervise the IT PAN Service Centers for managing and handling the PAN related issues.
- In this regard, you must know that the UTIIISL has opened a number of satellite centers in different states for all over the country to help the applicants. This type of helpline service is much more beneficial and advantageous to you who like to get the PAN card for the different purposes.
- The next important point which you should mug up well is the application process. You may get confused how to submit the form and where to get it and how to fill up the application form to serve the purpose? See, PAN related form is less complicated and it is available in the internet as well. Form 49A is basically used for issuing PAN. You need to fill up this particular form correctly without making any mistakes.
Be Careful During Form Filling
Take time and be cool-minded and attentive at the time of mentioning the personal details and other important data/information in the form. What you first need to do is to download the Form 49A from a reliable pan broker site like: www.PanCardNri.com or from the income tax department’s official website www.incometaxindia.gov.in and then you can also take a hard copy through the electronic printer. However, you may also knock at the door of TIN Facilitation office for collecting the application form.
For the updation of the PAN application form due to necessary changes or modification, you can take the liberty to log at the particular sites in the internet. Lastly, please give the important data and identity proofs like one recent thumbnail sized colored photo which should be pasted on the specific space of the form. You will have to submit the address/ID proofs with the Form 49A.
In addition, you need to be duty bound to write the designation with code number of Assessing officer who serves in Income Tax Department. As a part of ID proof, you may feel comfy to show or attach authorized voter ID card, utility services bill, graduation or post graduation certificate, ration card or you are also permitted to show the driving license. Character certificate dully issued by honorable first citizens like MLA or chairman in municipality, IAS/IPS officer, Gazetted officer is also legal ID document. You are free to use this certificate as well to fill up the form.
For more question on any kind of pan card number related questions please email at: firstname.lastname@example.org