Permanent Account Number (PAN)


Structure of PAN

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card

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BLGPXXXXXF

     

Out of the first five characters, the first three characters represent the alphabetic series running from AAA to ZZZ.

 BLGPXXXXXF

          

The fourth character of PAN represents the status of the PAN holder. 

"P" stands for Individual 

"C" stands for Company 

"H" stands for Hindu Undivided Family (HUF)

"A" stands for Association of Persons (AOP) 

"B" stands for Body of Individuals (BOI) 

"G" stands for Government Agency 

"J" stands for Artificial Juridical Person 

"L" stands for Local Authority 

"F" stands for Firm/ Limited Liability Partnership 

"T" stands for Trust 

 BLGPCXXXXF

            

Fifth character of PAN represents the first character of the PAN holder's last name/surname in case of an individual. In case of non-individual PAN holders fifth character represents the first character of PAN holder's name. 

BLGPCXXXXF
                  
Next four characters are sequential numbers running from 0001 to 9999

BLGPCXXXXF
                         
Last character, i.e., the tenth character is an alphabetic check digit.

How to apply for PAN?

A person wishing to obtain PAN can apply for PAN by submitting the PAN application form (Form 49A/49AA) along with the related documents and prescribed fees at the PAN application center of UTIITSL or NSDL. An online application can also be made from the website of UTIITSL or NSDL.

A resident person shall apply for PAN in form 49A and a non-resident person including a foreign company shall apply for allotment of PAN in form 49AA

Individual applicants will have to affix two recent, coloured photograph (Stamp size 3.5 cms x 2.5. cms) on PAN application form. 

Prescribed document must be furnished as a proof of ‘Identity’ ‘Address’ and ‘Date of Birth’.

Designation and Code of concerned Assessing Office of Income Tax Department will have to be mentioned in PAN application form. 

The address, phone numbers, etc., of PAN application centers of UTIITSL or NSDL at which PAN application can be submitted can be obtained from : 

• Website of Income Tax Department :www.incometaxindia.gov.in
• Website of UTIITSL :www.utiitsl.com 
• Website of NSDL : www.tin-nsdl.com 

Instant PAN Through Aadhaar Based e-KYC
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Income-tax Dept. has launched a new functionality on the e-filing portal which allots a PAN to the assessee on basis of his Aadhaar Number. PAN is issued in PDF format to applicants, which is free of cost


The salient points of this facility are:


  1. The applicant should have a valid Aadhaar which is not linked to any other PAN.
  2. The applicant should have his mobile number registered with Aadhaar.
  3. This is a paper-less process and applicants are not required to submit or upload any documents.
  4. The applicant should not have another PAN. Possession of more than one PAN will result in penalty under section 272B(1) of Income-tax Act (10,000).

This facility can be used by an assessee only if the following conditions are fulfilled:


a) He has never been allotted a PAN; 
b) His mobile number is linked with his Aadhaar number; 
c) His complete date of birth is available on the Aadhaar card; and 
d) He should not be a minor on the date of application for PAN

 How to apply for instant PAN

  1. Go to https://www.incometaxindiaefiling.gov.in/home and click on the link ‘Instant PAN’ through Aadhaar' given on the right hand side
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  2. Click on 'Get New PAN’ 
  3. Enter the Aadhaar No. of the Applicant 
  4. Enter the OTP received on the mobile number linked with the Aadhaar No. 
  5. Validate the Aadhaar Details  
  6. Validate Email-id 7. Download the e-PAN




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Instructions For Filling Form_49A











Comments

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A commerce student starting a blog Commerce Keen with an aim to sharing our knowledge & experience that i have gain & will gain in our journey and sharing the current updates information.

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