Pan Registration

The Permanent Account Number or PAN online registration is a means of identifying various taxpayers in the country. Pan Card is a 10-digit unique alphanumeric identification number (containing both alphabets and numbers) allotted to Indians, primarily those who pay taxes.

The PAN identification system is computerized and assigns a unique identification number to every Indian taxpayer. Through this method, all tax-related information of a person is recorded against a single PAN number which acts as the primary key to store the data. This is shared across the country; hence, no two persons in the tax authorities can have the same PAN number.

The Income Tax Department also issues a PAN card when a PAN number is allotted to an entity. While PAN is a number, PAN Card is a physical card that contains your PAN, name, date of birth (DoB), father’s or husband’s name and photograph. Copies of this ID can be presented as proof of identity or date of birth.

Eligibility for PAN

Anyone who pays taxes in India, an individual, company, or NRI, can obtain PAN card registration online.

PAN card is required by all the businesses, individuals, and groups. Following is a list of entities who requires a PAN card in India

Individual

HUF-Hindu undivided family

Company Firms/Partnerships

Trusts/Society

Foreigners

New PAN card registration online is essential for taxpayers as it is crucial for all financial transactions and is used to track the inflow and outflow of your money. PAN card apply necessary when paying taxes, receiving tax refunds and receiving communications from the Revenue Department.

India's Budget 2019 proposed that individuals who do not have a PAN card can do PAN card registration online with an Aadhaar number for filing returns and for other purposes where PAN online registration was previously mandatory. This suggests that if you have not yet linked PAN with aadhar or do not have PAN but have Aadhaar, you should not link PAN and Aadhaar or apply for a replacement PAN card.

However, the foundations are still in the process of being created/updated/approved. This means that PAN card registration online continues to be necessary for an excessive number of monetary transactions. A PAN card apply also applies as an indication of identity.

PAN card apply must be indicated when paying direct taxes.

Taxpayers have to enter their PAN numbers while paying taxes.

PAN information must be provided when registering a business.

Sale or purchase of real estate (property) which is valued at Rs.10 lakh or above

Sale or purchase of a vehicle other than a two-wheeler

Payments in favour of hotels and restaurants that are more than Rs.25,000

Payments made in respect of travel requirements to other countries. In this case, if it exceeds Rs 25000, you need to mention your PAN.

Payments of Rs 50,000 on bank deposits Purchase of bonds of Rs 50,000 or more

Purchasing shares amounting Rs 50,000 or more

Purchase of insurance worth Rs 50,000 or more

Purchase of open-ended investment company schemes

Payments for the purchase of jewellery and precious metals of 2,000,000 rupees

Send money from India Transfer funds from NRE to the NRO account.

Documents Required For New PAN Card Registration

1. New PAN card registration online through the NSDL Portal

The government has taken measures to enable applicants to PAN card apply or PAN online registration through the Income Tax PAN Services Unit of NSDL. Follow these simple steps to apply for PAN online or PAN card apply:

Open the NSDL website and apply for a new PAN card registration online

Select Application Type – New PAN card registration for Indian Citizens, Foreign Citizens, or Change/Correction of Existing PAN Data.

Select your category – Individual, Association of Persons, Body of Individuals, etc.

Fill in all the required details in the PAN online registration form: name, date of birth, email address, and mobile number

After submitting the PAN online registration form, you will receive a message about the next step.

Now you have to press on the “Continue with the PAN card apply Form” icon and continue with the further procedure

You will be redirected to a new page where you have to submit your digital e-KYC.

Select whether you need a physical PAN card apply or not and enter the last four digits of your Aadhaar number.

In the next part of the form, enter your details, contact and other details.

Enter the area code, AO type and other details in this part of the form

The last part of the form is to submit the document and declaration.

Enter the first eight digits of your PAN card registration to submit your application. You will see the completed PAN online registration form. If no modification is required, click Continue.

Select the e-KYC option to verify with Aadhaar OTP. For Proof of Identity, Address and Date of Birth, select Aadhaar in all the fields and click Continue to proceed.

You will be redirected to the payment section where you have to make payment through the draft or net banking/debit/credit card.

After successful payment, a payment confirmation will be generated. Click Continue.

Click on “Proceed with e-KYC,” after which an OTP will be sent to the Aadhaar-linked mobile number.

Type the received OTP and submit the form.

After that you have to click on “Continue with e-Sign” and you are required to enter your 12-digit Aadhaar number. A one-time password will be sent to the mobile number linked with Aadhaar.

Enter the OTP and submit the request to get the confirmation in pdf format with your date of birth as password in DDMMRRRR format.

2. PAN card registration online through UTIITSL Portal

Here’s how you can apply for a new PAN card registration online through the UTIITSL website:

Go to the UTIITSL website, and select “Indian Citizen/NRI PAN Card apply under PAN services.

Click on “Apply for New PAN Card registration online (Form 49A)”

Choose either “Physical Mode,” where you must submit the printed, signed application form at the nearest UTIITSL office or “Digital Mode,” where the application form is signed using Dsc mode or Aadhaar based e-signature, and you need not send a physical copy of that.

Fill in your personal information and other details.

Verify the correctness of the filled data and click on the 'Submit' button.

After verification, you can make the payment online by selecting one of the available payment gateway options – BillDesk or PayU India. You can pay via net banking, debit card, credit card, cash card, etc.

After successful payment, you will receive a payment confirmation. You can save it or print it.

Paste 2 passport-size photos (3.5x2.5 cm) on the printed form and put your signature in the designated place.

Attach a copy of your identity, address and date of birth documents along with the complete application form and submit it online or send it to the nearest UTIITSL office for processing and issuing your PAN card.

FAQ's

Few doubts important to be resolved quickly

Is my physical presence required during the company incorporation process or pvt ltd company registration ?

No, every process involved with a pvt ltd company registration is done online .Your work is only to send scanned documents and forms and all e-forms will be filled electronically on MCA Portal. So no physical presence is required to register a company in India.

Can small businesses get online company registration in India with a private limited company registration ?

Yes, a small business can register their business under Limited Liability Company Registration in India. It gives them credibility and the image of their business in the eyes of financial institutions, suppliers and potential clients. It helps the company to get loans with little compliance from banks or potential clients in closing deals.

Are there any high qualifications required to become a director or shareholder of a limited company ?

No professional or educational qualifications are required to become a partner in a limited liability company. Any individual in the position of a person with common sense can establish a company. Anyone can register a company in India.

What are Articles of association ( AOA) and Memorandum of Association (MOA) ?

These articles contribute a really important piece of information for the directors and shareholders as it comprises their roles and responsibilities for the company and contains all the rules, vision and mission of your private limited company.

How many directors and shareholders can be a part of the same company ?

In private limited companies the minimum number of directors is two while the maximum is 200. You can register a private company in India with just 2 directors.

Pan Registration

Eligibility for PAN

Documents Required For New PAN Card Registration

1. New PAN card registration online through the NSDL Portal

2. PAN card registration online through UTIITSL Portal

FAQ's

Few doubts important to be resolved quickly

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