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Wednesday, June 18, 2008

What is the procedure to be adopted by a non-resident to acquire PAN Card?

By order of the Income Tax Department, anyone and everyone who engages in any form of financial transaction must have a Permanent Account Number (PAN). Non-residents too require PAN if they wish to engage in any financial activity. Applications for PAN can be made only in Form 49A, but this form is now available everywhere including the Internet (http://www.nripan.com/nri-pan-application.html or http://nriinvestindia.com/nri-apply-pan-card-online.html). While submitting downloaded forms, one needs to pay Rs.5/- in cash to the I-T Office. This facility implies that non-residents can apply for PAN while residing outside India. However, if non-residents are in India and want to get PAN while their stay here, all they have to do is visit any UTIISL or NSDL centre and get a form from there. Form 49A is now also available with your local printer, and applications can also be made in the photocopy of Form 49A.

While submitting Form 49A, the following documents need to be submitted:
  • Individual applicants will have to affix one recent stamp size (3.5 cm x 2.5 cm) photograph on the form
  • Any one document listed in Rule 114 must be submitted as proof of identity and address
  • Designation and Code of the concerned Assessing Officer of the Income Tax Department will have to be mentioned in the form

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