How To Aplly Online Pan Card

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PAN is an abbreviation for the Permanent Account Number. It is a unique 10-digit alphanumeric digit issued by the Income Tax Department to Indian taxpayers. All the tax-related transactions and information of a person are recorded against their unique permanent account number. When the person has to pay advance tax or self assessment tax, he/she needs to mention the PAN number. Also, where the person submits his PAN to certain entities like banks, mutual fund companies, etc. The financial information from such entities goes to the income tax department via PAN. This allows the taxman to link all tax-related activities with the department. Hence, just by putting a permanent account number the taxman can identify all your financial transactions.

The primary purpose of the PAN is to bring a universal identification to all financial transactions and to prevent tax evasion by keeping track of monetary transactions, especially those of high-net-worth individuals who can impact the economy.

Use of PAN

Quoting the PAN is mandatory when filing income tax returns, tax deduction at source, or any other communication with the Income Tax Department. PAN is also steadily becoming a mandatory document for opening a new bank account, a demat account, a new landline telephone connection / a mobile phone connection, purchase of foreign currency, bank deposits above ₹50,000, purchase and sale of immovable properties, vehicles etc

How to apply for PAN

Applying for a PAN card has become easier for people these days as they can now apply for a fresh PAN online as well as offline. Even those who have lost their PAN card can apply online for a reprint of the card or get the e-PAN from NSDL or UTIITSL. Visit our website-https://jmsconcern.com/.you can also check your status in our website .

Change/Correction in PAN Data

This application should be used when PAN has already been allotted to the applicant but applicant wants to make change/correction in PAN data. A new PAN card bearing the same PAN with updated details will be issued to applicant.

Appropriate check boxes in front of the relevant core details (i.e. name, father’s name, date of birth) should be selected, in order to update the details.

Documents Required for PAN Card Application

  • Voter's ID card.
  • Passport.
  • Aadhar card.
  • Ration card having Applicant's photo.
  • Driving License.
  • Photo ID card which are issued by central government, state government or any undertaking of public sector​

 

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