Apply for pan

 ​Permanent Account Number (PAN) is a unique 10 digit alphanumeric number which is issued by the Income Tax Department of India. It is issued to the citizen of India and Non-Resident of India. PAN is becoming important day by day as it is required by many individuals, corporations etc while dealing with a commercial transaction. Also, PAN is a mandatory document while opening a fresh account in Bank. PAN acts as a universal identification key, to track financial transactions which might have a taxable event to prevent tax evasion

One can also file an application, for rectification in or updation of PAN details whenever needed or directed by any competent authority in case there is any change(s) in the PAN data of the Assessee, with Income Tax Authority. Onlinetips will help you to get New updated PAN Card which also helps to update other documents like Voter ID, Bank Account details, Adhaar (UIDAI) details, etc.

 

Expected Time- onlinetips Expert can help you to obtain the Permanent Account Number (PAN) in 5 – 7 working days subject to processing time taken by the concerned Income Tax authorities and fulfillment of the prescribed valid documents by the client.

Benefits of the PAN Card

  The benefits of PAN Card generation are as follows-

1-Easily open your bank account

Every individual or business entrepreneur requires to open a savings/current bank account, needs to submit some specified KYC documents among which PAN is the most essential document

2-Claim your IT Refunds and Rebates

Every person, deducting or collecting tax at source must mention own PAN and also of the deductee. By quoting a PAN, the tax credit will be associated with concerned person’s account.

3-Opening a Demat account:

PAN card is required for opening a dematerialized account also known as demat account, where all your shares and securities can be held in dematerialized or electronic format

4-Foreign travel: Cash payments to do with foreign travel for an amount above Rs. 50,000/-, inclusding purchases made in foreign currencies, require a PAN.

5-Avail Loan Facility: Banks and Financial Institution do not provide any loan and credit facility unless you have valid PAN card.

6-Buying & selling property : one of the benefits of owning a PAN card is the eligibility of an individual or entity to enter into transactions concerning the sale or purchase of assets. A PAN is required so as to be quoted in the sale or purchase deed for any immovable property valued at Rs. 10 lakh or more

DOCUMENTS REQUIRED FOR PAN CARD APPLICATION

1-passport size pic

2-Aadhar Card.