Initiation of PAN numbers in India has proved to be a masterstroke in terms of financial regulations. It was a unique and much needed step in bringing financial reforms in India. A decade or two back, many people used to earn huge sums of money and avoid paying taxes. This resulted in huge losses to Indian exchequer. One more negative fallout of this phenomenon was running of a parallel economy in India where states and central government were robbed of their due revenues. PAN number has greatly helped in cleaning this mess. PAN card in India was made mandatory for all the financial transactions that made it tough for people to hide black money.
Indian citizens having taxable income must have PAN number. One can go to designated offices and get the PAN application form. Easier way is to download the PAN application Form i.e. PAN Card Application Form or make a Pan Card application online through UTISL. The rules say that one should apply for a PAN number only when he does not have it. If a person is applying for PAN card despite having a PAN number, it will be considered illegal and will be liable for punishment. In other words, re-application is strictly prohibited. One needs to pay Rs. 94/- as fee along with the completed PAN application form. The application submission can be done at the specified centres or through online.
One can visit UTISL or NSDL website and download the Form 49A. Before filling the form, it is advisable to read and understand all the instructions carefully. PAN application form can also be obtained from NSDL website. Make sure to fill the form completely because half-completed forms are rejected. One needs to fix his recent stamp size photographs (3.5 cm * 2.5 cm) to the form 49A. One also needs to send an identification document along with the completely filled form. The identification document could be bank account number, passport, school leaving certificate, voter identity card, ration card or a credit card. Address proof is another must have document to be sent along with the form 49A. One can use driving license, telephone bill, electricity bill or depository account etc as address proof. There are useful centres like IT PAN Service centres or TIN Facilitations centres that help in filling up the forms.
To download PAN application form and other information one can visit these websites :
www.utitsl.co.in/utitsl/site/form49a.htm
www.nsdl.co.in
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