Author: Mohan

In today’s digital age, it’s essential to comprehend the role of various identification documents and their implications in our lives. One such document that holds paramount importance in India is the Permanent Account Number, commonly known as a PAN card.

Why Do You Need a PAN Card?

Income Tax Filing

One of the primary uses of a PAN card is for filing income tax returns. All individuals or entities with a taxable income must possess a PAN card to comply with the law. It helps the government track and manage tax collections effectively.

Financial Transactions

PAN cards are mandatory for various financial transactions, such as opening a bank account, investing in stocks or mutual funds, and purchasing valuable assets. The PAN acts as a tool to monitor significant monetary movements.

Property Transactions

For buying or selling immovable property in India, having a PAN card is a prerequisite. The details of the buyer and seller, along with their respective PANs, must be provided during property registration.

Business and Professional Engagements

Entrepreneurs and professionals often require a PAN card to engage in business activities or receive payments for their services. It ensures transparency in financial dealings.

International Travel

If you plan to travel abroad and wish to make foreign investments, you may need to provide your PAN card details as part of the documentation process.

Maintaining and Updating Your PAN Card –

It’s crucial to ensure that your PAN card details are accurate and up to date. In case of any changes, such as a change of address or name, you can apply for corrections or updates. Keeping your PAN card information current helps avoid discrepancies during financial transactions.

To remove your PAN from the specified person list under Section 206CCA, you need to ensure that you are in compliance with the income tax regulations. Here’s how you can go about it:

1. File Your Income Tax Return: If you haven’t filed your income tax returns for previous assessment years, you need to do so. Ensure that you file a valid return (duly verified) for any of the previous assessment years. This will establish your compliance with tax regulations.
2. Payment of Taxes: Ensure that you have paid any outstanding taxes or dues. Compliance with tax payments is essential to get your PAN removed from the specified person list.
3. Compliance Check: Use the Compliance Check functionality available on the Income Tax Portal. This tool allows you to verify whether your PAN is covered under Section 206CCA. If your compliance status is updated, your PAN may be removed from the specified person list.
4. Consult a Tax Professional: If you face any challenges in this process, it’s advisable to consult a tax professional or seek assistance from the Income Tax Department for specific guidance.
5. Keep Records: Maintain records of your filed returns, tax payments, and any communication with tax authorities as proof of your compliance.

Removing your PAN from the specified person list is essential to avoid higher TDS deductions. Ensure that you are up-to-date with your tax obligations and use the tools provided by the Income Tax Department to verify your compliance status.

Changing the first name and last name on a PAN card in India involves a straightforward process. Here are the steps to follow:

1. Visit our Website: Go to the Pancardapplyonline.com website dedicated to PAN card correction and updates.
2. Select Application Type: Choose the appropriate application type, such as “Change/Correction in PAN Card.”
3. Form Filling: Fill in the required details in the correction form, including your old name, new name, and other necessary information.
4. Attach Supporting Documents: Attach supporting documents that prove the name change, such as a marriage certificate or gazette notification. Ensure these documents are clear and valid.
5. Payment: Pay the necessary fee for the correction. The fee may vary depending on whether the address is within India or overseas.
6. Submit the Application: Submit the filled-in form and supporting documents by post or courier.
7. Acknowledgment: After submission, you will receive an acknowledgment receipt with a unique reference number number. Keep this number for future reference.
8. Verification: The application will be verified by the authorities. This may take some time.
9. Receive the Updated PAN Card: Once the verification is complete and approved, you will receive your updated PAN card with the corrected name.

It’s important to note that the process for updating a name on a PAN card is typically done online, making it more convenient for applicants. Additionally, ensuring that you have the necessary supporting documents is crucial for a smooth name change process. The fees and requirements may be subject to change, so it’s advisable to visit the website for the most up-to-date information.

Losing your PAN (Permanent Account Number) card can be a stressful situation, especially when you’ve also forgotten your PAN number. PAN is a crucial document for financial transactions in India, so it’s important to act promptly. we’ll guide you through the process of reapplying for a lost PAN card and recovering your PAN number.

Retrieve Your PAN Number :

If you’ve forgotten your PAN number, don’t worry; you can easily retrieve it.

1. Visit the official website of the Income Tax Department of India: https://www.incometaxindia.gov.in.
2. Click on the “Know Your PAN” option. It’s usually located under the “Quick Links” section on the homepage.
3. You’ll be redirected to a new page where you need to fill in your personal details such as your name, date of birth, and mobile number.
4. After filling in the required information, click on the “Submit” button.
5. You’ll receive an OTP (One-Time Password) on your registered mobile number. Enter this OTP on the website.
6. Once verified, you’ll receive your PAN number via SMS and email.

Reapply for a Lost PAN Card :

After retrieving your PAN number, you can proceed to reapply for a lost PAN card.

1. Visit the official UTIITSL or NSDL website, which are authorized service providers for PAN card applications.
   • UTIITSL website: https://www.utiitsl.com
   • NSDL website: https://www.onlineservices.nsdl.com
2. Choose the “Reprint of PAN Card” option on the respective website.
3. Fill out the application form with your personal details, including your PAN number.
4. You’ll need to upload a recent passport-sized photograph and a copy of your Aadhar card as identity proof.
5. Pay the required fee for the reprint of your PAN card. The fee may vary depending on the delivery address (within India or outside India).
6. After successful payment, you’ll receive an acknowledgment with a 15-digit acknowledgment number. Keep this number for tracking your application.

Track Your PAN Card Reprint Status :

You can track the status of your PAN card reprint application online using the acknowledgment number. Visit the same UTIITSL or NSDL website and navigate to the “Track PAN Card Application Status” section. Enter your acknowledgment number, and you’ll receive real-time updates on your application’s progress.

Receive Your New PAN Card :

Once your application is processed and approved, you’ll receive your new PAN card at the mailing address you provided in the application. The PAN card is typically dispatched within a few weeks. You can also track the delivery status using the tracking number provided by the courier service.

No, It is important to understand the rules and implications of acquiring a second PAN card in India.

The Rules Of Acquiring A Second PAN Card In India –

1. In India, having more than one Permanent Account Number (PAN) card with different names is not only against the rules but can also lead to legal consequences.
2. The Income Tax Department issues PAN cards to individuals as a unique identifier for tax-related transactions.

Implications Of Acquiring A Second PAN Card In India –

1. Why Do People Consider Getting a Second PAN Card? Some individuals may contemplate obtaining a second PAN card to engage in fraudulent activities or for other personal reasons. It’s essential to note that these actions are illegal and can have serious consequences.

2. Legal Consequences: Having multiple PAN cards is a violation of tax laws in India. If you’re found with more than one PAN card, you may face penalties, fines, and legal action. The Income Tax Department actively investigates and takes legal action against individuals who misuse PAN cards.

3. Implications for Your Finances: Owning multiple PAN cards can lead to confusion and complications in your financial affairs. This may affect your ability to file income tax returns accurately, claim deductions, and receive refunds.

4. How to Surrender or Correct a Second PAN Card: If you mistakenly have two PAN cards, it’s crucial to rectify the situation. You can either surrender one of the cards or apply for a correction in the name to match your valid PAN card.

5. Avoiding Fraud and Legal Trouble: The best way to avoid legal trouble is to abide by the law and use your PAN card for legitimate financial transactions. Always ensure that you are using your valid PAN card with the correct name for all tax-related matters.

6. Seek Professional Advice: If you have questions or concerns regarding your PAN card or its correct usage, it is advisable to consult with a qualified tax professional who can provide guidance on the right course of action.

Your PAN (Permanent Account Number) card is a vital identification document in India, serving various financial and taxation purposes. It contains your PAN number and photograph, making it a unique identifier. However, it’s natural to wonder if these details can be exploited by someone else.

The Potential Risks Associated With PAN Card Misuse –

1. Identity Theft: The most significant risk associated with PAN card misuse is identity theft. If an unauthorized person gains access to your PAN card, they can impersonate you. This could lead to unauthorized financial transactions, fraudulent activities, and even tax evasion in your name.
2. Financial Transactions: PAN card misuse can encompass unauthorized financial transactions, gaining access to your bank accounts, applying for loans or credit cards, and other actions that might harm your financial well-being.
3. Tax Evasion: Someone with access to your PAN card might misuse it to file false income tax returns, evade taxes, or engage in illegal financial activities. This could potentially involve you in legal complications.

How To Protect Your Personal Information –

1. Secure Storage: Keep your PAN card in a secure location, such as a locked drawer or a personal safe. Avoid carrying it around unnecessarily.
2. Do Not Share: Under no circumstances should you share your PAN card details, including the PAN number and photograph, with individuals you don’t trust. Be particularly cautious when sharing such information over email, phone, or messaging apps.
3. Report Loss or Theft: In case your PAN card is lost or stolen, report the incident to the local police and inform the Income Tax Department. Apply for a replacement PAN card promptly.
4. Monitor Financial Activity: Regularly check your bank and financial accounts for any unusual or unauthorized transactions. If you notice anything suspicious, report it to your bank and the relevant authorities.
5. Secure Online Usage: When sharing your PAN number online, exercise caution and use secure, reputable websites and platforms for financial transactions.
6. Verify Requests: Always verify the authenticity of any requests for your PAN card details. Scammers may impersonate government officials or financial institutions to obtain your information.

A Permanent Account Number (PAN) card is an essential document for Indian citizens, serving as a unique identification number for tax purposes. It’s crucial to keep your PAN card information up-to-date, and the required documents for updating your PAN card may vary depending on the specific changes you need to make.

Scenario 1: PAN Card Replacement without Database Changes

If you simply need a replacement PAN card without any changes to your personal information, and your Aadhaar card is linked to your PAN, you’ll need to provide one of the following documents as proof of identity:

• Aadhaar card copy
• Voter ID card
• Driving License (DL)
• Passport

Scenario 2: Updating Name on PAN Card

To update your name on your PAN card, you must provide your Aadhaar card as proof of identity.

Scenario 3: Updating Date of Birth (DOB) on PAN Card

Similarly, updating your DOB on your PAN card requires submitting your Aadhaar card as proof of identity.

Scenario 4: Updating Father’s Name on PAN Card

To update your father’s name on your PAN card, you’ll need to provide one of the following documents as proof of identity:

• Voter ID card
• Driving License (DL)
• Passport

Address Proof Requirements

In addition to the above-mentioned documents, you may need to provide proof of address. This can be done using one of the following documents:

• Bank statement (recent)
• Utility bill (recent)
• Rent agreement

Additional Considerations

In certain cases, an affidavit attested by a gazetted officer may be required for PAN card updates. This is typically applicable when there are discrepancies in the information provided or when specific documents are unavailable.

Conclusion

Ensuring the accuracy of your PAN card information is essential for seamless financial transactions and tax-related matters. By following these guidelines and providing the necessary documents, you can efficiently update your PAN card and maintain accurate personal records.

A Permanent Account Number (PAN) is a ten-digit alphanumeric number issued by the Income Tax Department of India. It is a unique identifier for all taxpayers in India and is used to track their financial transactions.

Individuals in India need a PAN card for a variety of reasons, including:

To file income tax returns: All individuals who are eligible to pay income tax are required to file an income tax return. A PAN card is mandatory for filing income tax returns.

To open a bank account: Most banks in India require customers to have a PAN card in order to open a bank account.

To apply for a loan: Most financial institutions in India require borrowers to have a PAN card in order to apply for a loan.

To purchase or sell property: A PAN card is required for all property transactions in India.

To invest in securities: A PAN card is required for all investments in securities, such as stocks, mutual funds, and bonds.

To receive tax refunds: If an individual has paid more income tax than they owe, they can claim a tax refund. A PAN card is required to receive a tax refund.

To apply for government schemes and benefits: Many government schemes and benefits, such as the Public Distribution System (PDS) and the Pradhan Mantri Jan Dhan Yojana (PMJDY), require a PAN card.

To start a business: A PAN card is required to start a business in India.

To travel abroad: A PAN card is required to apply for a passport and to travel abroad.

In addition to the above, a PAN card can also be used as a proof of identity and address. It is widely accepted as a valid identity document by government and private organizations alike.

Why is the PAN card important?

The PAN card is an important document for the Indian government for a number of reasons. First, it helps to track the financial transactions of all taxpayers in India. This helps to prevent tax evasion and widen the tax base. Second, the PAN card helps to link different financial transactions of the same individual together. This helps the government to get a better understanding of the taxpayer’s financial situation and to assess their tax liability accurately. Third, the PAN card helps to reduce the administrative burden of the government.

How to apply for a PAN card

Individuals can apply for a PAN card online or offline.

To apply online, visit the website of the National Securities Depository Limited (NSDL).

To apply offline, you can download the PAN application form from the NSDL website and submit it to a PAN facilitation center.

The following documents are required to apply for a PAN card:

• Proof of identity: Aadhaar card, voter ID card, driving license, passport, etc.
• Proof of address: Aadhaar card, bank statement, electricity bill, etc.
• Date of birth proof: Birth certificate, Aadhaar card, etc.

Conclusion

The PAN card is an important document for all individuals in India. It is required for a variety of financial transactions and is widely accepted as proof of identity and address.

If you are an individual in India and do not have a PAN card, you should apply for one as soon as possible. You can apply for a PAN card online or offline.

Here are some additional benefits of having a PAN card:

• It can help you to get a lower interest rate on loans. Many financial institutions offer lower interest rates to borrowers who have a PAN card.
• It can help you to get a credit card. Most credit card companies in India require applicants to have a PAN card.
• It can help you to get insurance. Many insurance companies in India require policyholders to have a PAN card.
• It can help you to prevent identity theft. A PAN card can be used to verify your identity when performing financial transactions.

Overall, the PAN card is a valuable document for all individuals in India. It is required for a variety of essential transactions and can provide you with a number of benefits.

It is important to surrender your PAN card if you have more than one because:

• It is illegal to have more than one PAN card. Section 139A of the Income Tax Act, 1961 states that no person can apply for, obtain, or possess more than one PAN card.
• If you are caught with more than one PAN card, you may be penalized. Section 272B of the Income Tax Act, 1961 states that the Income Tax Officer can levy a penalty of up to Rs. 10,000 on any person who is found to have more than one PAN card.
• Having more than one PAN card can lead to complications in your financial transactions. For example, if you have two PAN cards and you use both of them to open bank accounts, the banks may flag your accounts as suspicious. This can make it difficult for you to carry out financial transactions.
• Having more than one PAN card can make it difficult for the Income Tax Department to track your income and tax liability. This can lead to problems with your tax filing and assessment.

Here are some common reasons why people may end up with more than one PAN card:

• Applying for a new PAN card when they already have one. This can happen if a person forgets that they already have a PAN card, or if they make a mistake when applying for a new one.
• Applying for a new PAN card to make corrections to their existing PAN card. This is not necessary, as taxpayers can simply apply for a PAN correction form to make changes to their existing PAN card.
• Receiving more than one PAN card due to administrative errors. This is rare, but it can happen.

If you find yourself with more than one PAN card, you should surrender the additional PAN cards as soon as possible. You can do this online or offline.

To surrender your PAN card online, you need to visit the Protean eGov Technologies Limited TIN website and fill out Form 49A.

To surrender your PAN card offline, you need to visit your nearest Income Tax Assessing Officer (AO) and submit a letter requesting the cancellation of your additional PAN cards. You will also need to submit copies of your PAN cards along with the letter.

Once you have surrendered your additional PAN cards, the Income Tax Department will deactivate them. You will then only be able to use your primary PAN CARD

Yes, you can download a soft copy of your PAN card in PDF format from the official website of the Income Tax Department of India. This facility is available for PAN holders whose PAN applications were processed through Protean e-Governance Infrastructure Limited (formerly NSDL e-Governance Infrastructure Limited).

To download your e-PAN card, follow these steps:

1. Visit the official website of the Income Tax Department of India: https://www.nsdl.co.in/
2. Click on the “Download e-PAN Card” link under the “PAN” tab.
3. Select the option “Download e-PAN card (For PAN allotted in last 30 days)” or “Download e-PAN card (For PAN allotted older or more than in last 30 days)”, depending on when your PAN was allotted.
4. Enter your PAN number and the captcha code, and click on the “Submit” button.
5. On the next page, select the option to receive an OTP (One Time Password) on your mobile number or email address.
6. Enter the OTP in the box provided and click on the “Validate” button.
7. Once the OTP is validated, you will be able to download your e-PAN card in PDF format.

Please note that the e-PAN card is password protected. The password is your date of birth in DDMMYYYY format.

Charges for downloading e-PAN card:

• For downloading e-PAN card within 30 days of allotment: Free of cost
• For downloading e-PAN card after 30 days of allotment: Rs. 8.26 (inclusive of taxes)

Note: If you have not registered your mobile number or email address with the Income Tax Department, you will not be able to download your e-PAN card online. You will need to get your contact details updated by submitting a change/correction request application.3

## PAN card application for a foreign student: A story of Sona

Sona is a foreign student who wants to apply for a PAN card. She was over 18 years old and her passport name was Sona Sekar. However, her Aadhaar name was only Sona. Her father wanted her name on the PAN card to match her passport, but as per PAN policy, the name on the PAN card must match the name on the Aadhaar card.

Pancardapplyonline.com tried to help Sona by applying for a PAN card with her name as Sona Sekar. However, the application was rejected because of the mismatch between her PAN and Aadhaar names.

Pancardapplyonline.com then suggested that Sona change her Aadhaar name first and then apply for a PAN card. However, Sona wanted to get her PAN card quickly, so she decided to apply with her name as Sona, as per her Aadhaar card.

## Learning from Sona’s story

Sona’s story teaches us that it is important to make sure that the name on your PAN card matches the name on your Aadhaar card. If there is a mismatch, your PAN card application may be rejected.

If you need to change your name on your PAN card, you can do so by filling out Form 49A and submitting it to the Income Tax Department. You will also need to submit supporting documents, such as a copy of your Aadhaar card and a copy of your passport.

If you are a foreign student and you need to apply for a PAN card, you can do so online or offline. If you apply online, you will need to create an account on the website and send copies of your Aadhaar card, passport, and visa. If you apply offline, you will need to fill out Form 49A and submit it to our centre.

Vignesh had two PAN card numbers. He wanted to surrender one of them, so he went to the income tax office. They gave him a PAN surrender request form, which he completed and submitted. They said it would take 15 days and he would receive an acknowledgement.

After 15 days, the PAN card was still active in his name. Vignesh went back to the income tax office and they told him to attach an affidavit annexure. He bought a 20 rupee stamp paper and they gave him a format to print. He printed it out and submitted it.

But after 30 days, the PAN card was still active in his name. Vignesh was starting to get frustrated. He didn’t know what else to do.

One day, Vignesh was talking to a friend about his problem. His friend told him about Pancardapplyonline.com, a website that helps people with PAN card applications and other related services.

Vignesh decided to give Pancardapplyonline.com a try. He contacted them and explained his situation. They were very helpful and told him exactly what he needed to do.

Within a few days, Pancardapplyonline.com had helped Vignesh surrender his PAN card. He was so relieved and grateful for their help.

Why is it important to surrender your PAN card if you have more than one?

It is important to surrender your PAN card if you have more than one because it can lead to confusion and problems. For example, if you have two PAN card numbers and you file your income tax return using one of them, but the other PAN card number is still active, it can cause problems with the income tax department.

How can Pancardapplyonline.com help you to surrender your PAN card?

Pancardapplyonline.com can help you to surrender your PAN card in a number of ways. They can:

• Provide you with the correct forms and documentation that you need to submit to the income tax department.
• Help you to fill out the forms correctly and avoid any mistakes.
• Submit the forms and documentation to the income tax department on your behalf.
• Follow up with the income tax department to ensure your PAN card is surrendered successfully.

If you have more than one PAN card, don’t hesitate to contact Pancardapplyonline.com for help. They can make the process of surrendering your PAN card quick and easy.