PAN stands for Permanent Account Number. It’s a unique 10-digit alphanumeric identifier issued by the Indian Income Tax Department. Every individual and entity in India, including foreign nationals and companies, needs a PAN to carry out various financial transactions.
PAN stands for Permanent Account Number. It’s a unique 10-digit alphanumeric identifier issued by the Indian Income Tax Department. Every individual and entity in India, including foreign nationals and companies, needs a PAN to carry out various financial transactions.
Importance of PAN:
Tax Identification: PAN is essential for filing income tax returns and other tax-related transactions.
Financial Transactions: Many financial institutions, such as banks, require a PAN for opening accounts, making investments, or obtaining loans.
Government Services: PAN is often required for availing government services like passport applications, driving licenses, or subsidies.
Business Transactions: Companies need a PAN for various business activities, including registering for GST, obtaining government contracts, and making business investments.
Types of PAN Applications:
Individual PAN: For Indian citizens and foreign nationals residing in India.
Hindu Undivided Family (HUF) PAN: For HUFs that are taxable entities.
Partnership Firm PAN: For partnerships engaged in business activities.
Company PAN: For companies registered under the Companies Act, 2013.
Trust PAN: For trusts and charitable organizations.
Cooperative Society PAN: For cooperative societies.
Documents Required for PAN Application:
The specific documents required may vary depending on the type of PAN application and the applicant’s identity. However, some common documents include:
Proof of identity: Aadhaar card, passport, driving license, voter ID card, etc.
Proof of address: Aadhaar card, passport, driving license, electricity bill, bank statement, etc.
Photograph: Recent passport-sized photograph.
Supporting documents (if applicable): Proof of business registration, partnership deed, trust deed, etc.
PAN Application Process:
Obtain Application Form: You can obtain the PAN application form online from the Income Tax Department’s website or from authorized PAN centers.
Fill Out the Form: Complete the application form accurately and provide all required documents.
Submit Application: Submit the filled form and supporting documents to the nearest PAN center or online through the Income Tax Department’s portal.
Pay Application Fee: Pay the applicable fee, which can be done online or at the PAN center.
Receive Acknowledgement: You will receive an acknowledgment receipt with a unique application number.
Track Application Status: You can track the status of your PAN application online using the application number.
Receive PAN Card: Once your application is processed, you will receive your PAN card by post.
Note: The PAN application process and required documents may change from time to time. It’s advisable to check the Income Tax Department’s website for the latest information and guidelines.
Terms & Conditions
Govt fee Rs 1000 extra to be borne by the client
All tax payments and penalties if any to be borne by the client
Stamp paper and notary should be borne by the client
This pricing is applicable only if the LLP is not having any assets and liabilities.
There will be additional charges if there is BANK ACCOUNT STATEMENT transactions having above 100 entries
DINeKYC & DSC needs to be active till the e-filing status of the LLP changes to “UNDER PROCESS OF STRIKE OFF”.
Separate forms to be filed with MCA for updating of Registered Office address/mail id & and the add/remove partners (additional charges applicable).
LLPs must file FORM-3 within 30 days of incorporation. Failure to do so incurs a penalty, which must be paid before filing FORM-24 for closure of LLP with the MCA.
PAN Applications: A Comprehensive Guide
PAN stands for Permanent Account Number. It’s a unique 10-digit alphanumeric identifier issued by the Indian Income Tax Department. Every individual and entity in India, including foreign nationals and companies, needs a PAN to carry out various financial transactions.
Importance of PAN:
Types of PAN Applications:
Documents Required for PAN Application:
The specific documents required may vary depending on the type of PAN application and the applicant’s identity. However, some common documents include:
PAN Application Process:
Note: The PAN application process and required documents may change from time to time. It’s advisable to check the Income Tax Department’s website for the latest information and guidelines.