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What is a PAN Card?
PAN
stands for Permanent Account Number (PAN). It is a 10
alphanumeric number, issued in the form of a laminated card
called the 'PAN Card', by the Income Tax Department of India. The government has made PAN mandatory to be quoted on the tax
returns & all financial correspondence that happen in India. It
is also compulsory to quote PAN Number in all documents
pertaining to economic or financial transactions.
Do
you pay taxes if you have a PAN?
To begin, it is
always advised
to have an Income Tax PANCard. Having an PAN doesn't mean that you
have to pay taxes. One only pays taxes if he/she is generating
income from or in India. However, it is always recommended that you
still file taxes (though zero returns/tax) even if you don't qualify
to pay tax. Doing so would help boost your credibility and would
help you in future if you ever wish to raise loans or commence
business, etc.
Why NRI, PIO & OCI need
a PAN Card?
It can
be considered as an Indian tax id & it's
compulsory to mention your Income Tax PAN number if you intend to
carry any kind of financial transaction in India, from buying real
estate, to open a bank account, open Demat/trading account, to
invest in India, and more... (serves as an Indian ID proof too).
What's Our Role?
We are
not a Govt. body/website. We are a broker/liaison assisting Non
Resident Indians (NRIs) to apply for a new or duplicate PANcard from India.
We also help you verify your PAN history and get details of your old
PAN number incase you can't find your old pan details. Basically, we provide
assistance to NRIs, by helping them apply for a PAN in
India. PanCardOnline.com focuses on delivering PAN related
assistance to NRIs living in countries like: U.S.A - United States
of America, Canada,
Australia, U.K, Singapore, Hong-Kong, Germany, UAE,
Dubai, Qatar, Saudi Arabia, etc.
Our Intermediary Role for NRIs, PIOs & OCIs is to:
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Guide
our clients about how to apply for a PAN Number?
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Assist them
to download the PAN application & explain how to fill a PAN Card
form.
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Submit
the PAN application & follow up with the Income Tax PAN Department on behalf of the Client.
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Enable
them to track & check the status of PANCard online & get it
delivered to a foreign address.
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We also help incase of old pan
card
got lost or misplaced, by applying for a Duplicate PAN Card.
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Once you receive it you
can get a PAN Card verification online.
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