PAN Status
How To Know Your Status Of Pancard Online
Are You waiting For Pancard status ? Then You Can Check This link Below
© PanCard
All About Indian PanCard.
By StudentZOnline
How To Know Your Status Of Pancard Online
Are You waiting For Pancard status ? Then You Can Check This link Below
By StudentZOnline
It is just one of those things that need to be done. The government says get a PAN. We follow. PAN, as you probably know, refers to the Permanent Account Number issued by the income tax department. It is a must for everyone who files a tax return. If you are going through a tax consultant, you need not worry. He will supply you with Form 49A and give you a list of the documents he needs. You fill the form, give it to him, pay him his fee and relax. He will submit it to the tax authorities. But if you believe in doing things on your own and are wondering how to get started, Get Ahead has the information for you! 1. Get the form You could visit the official Web sites of the Income Tax department or UTI Investor Services Ltd or National Securities Depository Limited. Download the PAN application (Form 49A) from any of these sites. 2. You will need a recent colour photograph (stamp size: 3.5 cm x 2.5 cm) to attach on the form. 3. You must mention the designation and code of the concerned Assessing Officer of the Income Tax department in Form 49A. You can get this from the IT PAN service centres mentioned in the Web sites listed above. 4. ~ Proof of identity (any one) ~ Proof of residence (any one): 5. Fill in the application form and submit it in at any of the IT PAN service centres or TIN facilitation centres along with a fee of Rs 65. The location of such centres is listed at the above mentioned Web sites. Within a month, a flashy credit card style PAN card will be couriered by UTIISL to the mailing address mentioned in your application. Do's and don'ts when completing the PAN application 1. No PIN, no PAN The address you mention in your PAN application should carry the correct PIN code of the place. If you forget this, your application will be rejected. 2. No initials please You need to mention your full name (that means your surname and the middle name). Using initials could get your application rejected. 3. Married? Please use your maiden name Women are supposed to enter their father's name in the application form, regardless of their marital status. 4. Proper documents All the documents asked for must be provided. Else, your application will be rejected. ~ On receipt of the PAN The moment you get your card, verify it. Check the name mentioned in the card immediately. Is the spelling right? Also, look at the number (your PAN is alpha-numeric, which means it is composed of both alphabets and numbers). The fifth character of your PAN must be the first alphabet of your last name (for example, if your last name is Shah, the fifth character of your PAN must be S). ~ Not yet received the PAN? Lost it? Wallet got stolen along with your card? Misplaced the card? The tax department says they have dispatched it but you haven't got it yet? Don't fret. You can get a duplicate. In every city, there is a central office in the Income Tax Department in charge of allotting these numbers. Approach that cell. You can start by contacting the public relations officer of the Income Tax Department and asking for the address of the PAN cell. If you say you have not got it and they claim they have dispatched it, you will need to sign an affidavit saying you have not received it before they provide you with a duplicate PAN Card. Has your PAN been lost or stolen? You will need to make a police complaint. Get a copy of the First Information Report. You will need it to process the request for a duplicate PAN card. You can also request changes in the PAN data or request a duplicate PAN card through the Internet. For more details, please visit the NSDL site. ~ What if you shift cities? Assume you made the PAN application in one place, say New Delhi, and then got transferred on business to another city, say Bangalore. Since you applied for your card while you were in New Delhi, the official letter saying you have been alloted a PAN will be sent by the Income Tax Department to your New Delhi address. You must inform your assessing officer about any changes in the name, address or nature of the business on the basis of which the PAN was allotted. A word of caution before signing off. Be careful to use the PAN correctly. Do not misspell it and make sure you write your number correctly. The penalty that could be imposed on such defaults are pretty stiff and could cost you upto Rs 10,000. For a detailed FAQ on PAN, visit the FAQ page on the Income Tax Web site.
Don't forget the photograph!
Some additional information
Documents for proof of identity and residence
Submit the form
But you will be filing your returns in Bangalore. So send a letter to the PAN Cell, Bangalore, and let them know you have already applied for the PAN at New Delhi but you will now be assessed at Bangalore.
Attach a photocopy of your application to your letter and request that you be alloted the number in Bangalore.
By StudentZOnline
Permanent Account Number (PAN) refers to a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department in India. It is a must to have a PAN number for all those who file their income tax returns, because from 2005 onwards, it has been made mandatory by the Income Tax Department to quote the PAN on return of income as well as on all correspondence with any income tax authority in the country.
Also, it is now compulsory to quote PAN in all documents pertaining to financial transactions notified from time to time by the Central Board of Direct Taxes, such as sale and purchase of immovable property or motor vehicle or payments in cash, of amounts exceeding a certain limit to hotels and restaurants, or in connection with travel to any foreign country. It is also mandatory to mention PAN for obtaining a telephone or cellular telephone connection. Likewise, PAN has to be mentioned for making a time deposit exceeding Rs. 50,000/- with a Bank or Post Office or for depositing cash of Rs. 50,000/- or more in a Bank.
* It is statutory responsibility of a person receiving document relating to economic or financial transactions notified by the CBDT to ensure that PAN has been duly quoted in the document.
* Obtaining or possessing more than one PAN is against the law.
* It is compulsory to quote PAN on return of income
* All existing assesses or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN
* Any person, who intends to enter into financial transaction where quoting PAN is mandatory, must also obtain PAN.
* The Assessing Officer may allot PAN to any person either on his own or on a specific request from such person.
The new superior PAN card
The new PAN card is a superior card and in case of individual applicants it will carry a coloured photo-image. It is tamper proof and has built-in security features such as a hologram and UV line. These security features will thwart forgery of PAN cards.
For providing upgraded PAN services, UTIISL has been authorised to collect Rs 60 per application. New simplified PAN form will cost Rs 5.
The UTIISL has set up at least one counter in each of the 501 cities as requested by the Income Tax department. Most of these counters for PAN have been set up at I-T offices.
In big cities, UTIISL has set up more counters. Service counters have also been set up at 50 branches of UTI MF to handle PAN card customers.
The database on the information related to your PAN card remains with the government and UTIISL cannot use it for any other purpose.
Existing cards valid, but you can get a new one
The existing PAN cards would continue to be valid. It is optional for these PAN card holders to obtain the new plastic cards.
Anyone who had already received a permanent account number, but did not have the card, now has the option of either asking the Income-Tax department for an existing type of laminated card, or opt for a smart card by applying for it.
The applications which are pending with the I-T department (application made till June 30, 2003) would also be issued the old card, but if an individual wishes, he or she can go for the new card after paying Rs 60. All applications made from July 1 onwards will be handled by UTI-ISL and applicants will be given the new PAN cards.