Most widely accepted and expected code that acts as an identification of an Indian individual is Permanent Account Number or PAN. With no age restrictions, PAN card can be registered for any and every individual from a kid to adults and even corporations paying Tax. PAN is a unique 10 character alphanumeric code issued by Income Tax Department of India. It is mandatory for all the tax paying individuals and entities to have PAN.
Registration for PAN becomes quite essential as it is mandatory for all the transactions related to finance including back account opening, paying and receiving salary, online transactions, sale and purchase of assets above specific limits and many more. Moreover, PAN has become a universal identification code for individuals, entities and transactions enabling the government to prevent tax evasions. Since each PAN is unique, it is enables the government to catch the fraudulent.
With the help of Jain Divya & Associates, you can easily register for PAN without much ado. You need to apply once for PAN as it is valid for lifetime and even change in address does not affect it. The PAN registration takes 10-15 days after the submission of form and relevant documents, depending upon the government processing.
Documents Required for PAN Registration
Proof of Identity
Proof of Date of Birth
Passport size photograph
PAN Registration Process
- We help you fill Form 49A or 49AA depending upon your residential status.
- Application form along with necessary documents is submitted to NSDL.
- Fee can be paid online.
- Once the documents are verified by the officials, the PAN is generated and card is shipped to you address.
Need for PAN
- PAN is the universal photo identification which is accepted by all government and non-government entities.
- PAN is useful for making Passport, Aadhaar, Voter ID and other documents.
- PAN is needed for opening a new bank account and other banking procedures.
- PAN is compulsory for commercial activities and Tax transactions.
Having a PAN makes everything easier, simpler and smoother. Hence, registering of PAN is also easy and hassle-free. Jain Divya & Associates not only helps you in getting PAN and is efficient in providing consultation regarding PAN and other financial issues.