PAN is a code that acts as an identification for individuals, families and corporates (Indian and Foreign as well), especially those who pay Income Tax. It is a unique, 10-character alpha-numeric identifier, issued to all judicial entities identifiable under the Indian Income Tax Act, 1961. The Income Tax PAN code and its linked card are issued under Section 139A of the Income Tax Act. It is issued by the Indian Income Tax Department under the supervision of the Central Board for Direct Taxes (CBDT) and it also serves as an important proof of identification.
Quoting the PAN is mandatory when filing Income Tax returns, tax deduction at source, or any other communication with Income Tax Department. PAN is also steadily becoming a mandatory document for opening a new bank account, a new landline telephone connection / a mobile phone connection, purchase of foreign currency, bank deposits above Rs. 50,000, purchase and sale of immovable properties, vehicles etc
There are two types of PAN applications:
1.Application for allotment of PAN: - This application should be used when the applicant has never applied for a PAN or does not have PAN allotted to him.
FORM 49AA: - To be filled by foreign citizens.Click here...
FORM 49A:- To be filled by Indian citizens.Click here...
2.Application for new PAN Card or/and Changes or Corrections in PAN Data: - Those who have already obtained the PAN and wish to obtain the new PAN card or want to make some changes/corrections in their PAN data, are required to submit their applications in the following form prescribed by ITD:
REQUEST FOR NEW PAN CARD OR/AND CHANGES OR CORRECTION IN PAN DATA - Click here...
Visit https://tin.tin.nsdl.com/pantan/StatusTrack.html
Select " PAN-New/Change Request" from drop-down menu in "Application Type" option.
Enter your Acknowledgement Number and click on "Submit" button