Procedure to Get PAN Card Online

PAN Card is a Permanent Account Number comprising 10-digit alphanumeric characters and is assigned to all Indian taxpayers.

PAN Card is issued under the Indian Income Tax Act 1961 by the Income Tax under the supervision of the Central Board of Direct Taxes (CBDT).A PAN card is an electronic system in which all the tax-related information of a person or company is recorded against a single PAN number. Let us tell you that two tax-paying entities can't have the same PAN Card. A PAN card is mandatory for significant financial transactions, like opening a bank account, selling or purchasing assets, etc. That is why a PAN card uniquely provides the account holder's details. If you want to apply for PAN Card Online, You can visit Sarkari Suvidha's website.

PAN Characters

Take a look at these details before applying for PAN Card Online 

1st-5th characters

First 3 characters: Alphabetic series from AAA to ZZZ

4th Character: Represents Status of PAN card holder

"A"-stands for Association of Persons (AOP)

"B"-stands for Body of Individuals (BOI)

"C"-stands for Company

"F"-stands for Firm/ Limited Liability Partnership

‘’G"-stands for Government Agency

"H"-stands for Hindu Undivided Family (HUF)

“J”-stands for Artificial Juridical Person

"L"-stands for Local Authority

"P"-Individual

"T"-stands for Trust

5th Character: Represents the first letter of PAN holder's last name, i.e., surname

other than the Individual representing the 1st letter of the name of Permanent Account Number Card Holder.

6th– 9th Characters

Representing the Number series of sequence from 0001 to 9999

10th Character

Representing Alphabetic Check digit

Need for PAN Card and its benefits:

You would want a PAN card to file IT returns. It is often the first reason why People apply for a PAN Card.

After you arrange to apply for a loan, a PAN card is necessary. to urge an application to be accepted, each bank and establishment that lends loans needs PAN card information. Not solely these; however additionally, academic and private loans also require PAN cards for verification.

Using PAN, we will open a current checking account or bank account if you've got a PAN card. Whether or not it's a cooperative bank, a public sector bank, or a non-public sector bank, it doesn't matter.

If you deposit cash more than 50k at a time, it's necessary to provide PAN card data during RBI regulations.

We will arrange to invest over 50k in a bank with fastened deposits (FD); you might have to be compelled to provide PAN Card details.

It's vital as the bank subtracts TDS on interest earned by fastened Deposits (FD).

Once you'd prefer to obtain mutual funds, debentures, or bonds for transactions over Rs 50,000, a PAN card is also a vital document.

Bank institutions, cash exchange offices, and PAN card details are needed for currency conversion.

When applying for a MasterCard or debit card, a PAN card should be an issue with information.

PAN Card details are required to evaluate all vehicles over 500000 at the time of purchase or sale.

The PAN card has also acted as proof of identification, so it is often used once applying for other evidence of state identity.

If you've purchased approximately 5,00,000 worth of jewelry, you want to provide the PAN details. So go and fill out the Online PAN Card Application with Sarkari Suvidha.

To form an Associate in Nursing insurance payment that exceeds Rs 50,000 a year, there's also a necessity to produce PAN card details for that.

Document Needed

These are the documents needed for PAN Card Form

1. Photo ID Proof: Acceptable image id proofs embrace elector ID, Aadhaar Card, Driving License, Passport copy, the card with person photo, bank's certificate, arms license, veterans health card, certificate of identity, a certificate from Gazette officer, pensioner card with photo or an ID Card issued by central or government bodies.

2. Proof of Birth Date with Month & Year: Acceptable proofs of date of birth include Voters ID card, Aadhaar Card, Driving License, Passport copy, matric certificate, mark-sheets from a recognized board, wedding certificate, pension payment order, ID Cards issued by central or state government bodies, domicile certificate issued by the government, an affidavit sworn before a magistrate or birth certificate from municipal authority.

3. Address Proof: Acceptable address proofs embrace Voters' ID card, Aadhaar card, driving license, passport copy, statement / MasterCard statement, electricity or water tax bill, gas association card, piped gas bill, broadband bill, line bill, employer certificate, domicile certificate issued by the government and post office passbook.

Process

Following are the Offline processes for PAN Card Application Form

Download the application form from the NSDL / UTIITSL website.

Complete the form, and attach the supporting documents for POI/POA.

Submit the duly filled form to District level PAN authorities.

Following is the Online Process for PAN Card Application Form

Visit the website of Sarkari Suvidha.

Fill out the online application form.

After receiving the acknowledgment number, one should send them to NSDL along with form 49A within 15 working days.

When verification is done, the PAN Card number is generated by NSDL.

Need help in growing your business? If you care for your business and want to see it at the top like them, you can contact Grow Media Digital. Grow Media Digital is a one-stop solution for every digital need. For More Details, Visit Our Official Website: https://www.growmedia.digital/