Allotted by the Income Tax Department of India, a Permanent Account Number or PAN is a 10-digit unique number that every taxpayer must possess mandatorily. Mr Singh has a business of his own and is planning to apply for a PAN card. However, he is unsure about the application process, especially thedocumentation part.
In that regard, following this segment on the documents required for a PAN card can be an ideal solution.
Agreement copy or other Central or State Government documents
For companies outside India, one must furnish the following documents –
Copy of registration certificate issued in the applicant’s residing country. Note that it has to be attested by the Apostille or Indian Embassy or High Commission etc.
Registration certificate copy issued in India or approval copy of grant to set up an office in India
Documents Required for a Firm to Obtain PAN
Firms that are registered in India need to produce these documents for PAN:
Copy of Registration Certificate issued by the Registrar of Limited Liability Partnerships (LLPs)
Partnership deed copy
For firms registered outside India, the documents necessary for PAN are:
Registration Certificate copy (issued by the Registrar of Firms)
Copy of partnership deed
Copy of Registration Certificate issued in India
Approval copy that grants permission to the firms for setting up the business in India
Which Documents are Vital for Trusts to Apply for PAN?
Copy of Trust deed
Registration Certificate copy (issued by the Charity Commissioner)
Copy of Registration Certificate issued by the Registrar of Firms or partnership deed
For Trusts incorporated outside India, a copy of approval granted for setting up a trust in India or a Registration Certificate issued in India is necessary.
Documents for PAN Application by Association of Persons
Here is a list of documents required for PAN with regard to the Association of Persons registered in India:
Agreement
Registration certificate issued by Registrar of Co-operative society or Charity Commissioner or other Competent Authority
Central or State Government-issued document
Association of Persons established outside India can also apply for a PAN card by furnishing the following documents:
Partnership deed or Registration Certificate
Approval letter for setting up an entity in India or Registration Certificate issued in India
Final Word
It is evident that any entity established inside or outside India can apply for a Permanent Account Number. However, one needs to furnish the necessary documents to ensure a seamless PAN application process.
Frequently Asked Questions
Q1. What are the additional documents necessary for PAN correction or change?
Ans: For PAN correction or name change, individuals or entities must present the following documents: PAN card copy or PAN allotment letter issued by the Income Tax Department In case of a name change, married individuals must furnish a marriage certificate or copy of their spouse’s passport Individuals changing their names for any other purpose need to present publication of name change in an official gazette, or a name change certificate from a gazetted officer Non-individuals should submit a revised registration certificate, agreement or deed
Q2. Do I need to submit original documents for a PAN application?
Ans: If you opt for an online PAN card application process, you need not submit original documents. You must upload copies of such documents to complete the application process. However, in the case of offline PAN application applicants need to carry the original documents for verification.
Q3. Which types of business organizations in India can apply for PAN?
Ans: The following types of business entities can apply for a PAN card: Partnership firm Trust Limited Liability Partnership (LLPs) Body of Individuals Artificial Juridical Person Association of Persons Local Authority Company Note that the aforementioned types of organisations registered both inside or outside India can apply for a PAN card. However, they need to carry respective documents for a successful application.
Q4. How does NSDL or UTITSL accept PAN documents?
Ans: During PAN card applications, entities need to send the supporting documents via courier or post to NSDL or UTITSL for verification. In this regard, they must go through the list of documents required for obtaining a PAN card.
Q5. What are the fees and charges essential for obtaining PAN?
Ans: For an Indian communication address, one needs to pay Rs. 93 (excluding Goods and Services Tax) as PAN application fees. On the other hand, for a foreign communication address, Rs. 864 needs to be paid for obtaining PAN.
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