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Monday, January 31, 2011

Apply for PAN Card, the sooner the better.

Please visit the website for complete information :
www.pancardregistration.com


1. Step One :
         Collect your Proof of Identity(POI) and Proof of Address (POA)

*Proof of Identity(POI)                                             *Proof of Address (POA)


1 School Leaving Certificate Electricity Bill*
2 Matriculation Certificate Telephone Bill*
3 Degree of recognised educational institution Employer Certificate*
4 Depository Account Statement Depository Account Statement*
5 Bank Account Statement / Passbook Bank Account Statement / Passbook*
6 Credit Card Credit Card Statement*
7 Water Bill Rent Receipt*
8 Ration Card Ration Card
9 Property Tax Assessment Order Property Tax Assessment Order
10 Passport Passport
11 Voter Identity Card Voter Identity Card
12 Driving License Driving License
13 Certificate of identity signed by Member of Parliament or Member of Legislative Assembly or Municipal Councillor or a Gazetted Officer is required to file the same in prescribed format only. Certificate of address signed by Member of Parliament or Member of Legislative Assembly or Municipal Councillor or a Gazetted Officer is required to file the same in prescribed format only.

 It is done free of cost.
check your document & read the instruction 


2. Step Two:
        Make a Bank Draft yourself an Amount of Rs.94.00 from any Bank of India in favour of NSDL-PAN and payable at Mumbai and at the same time you have to deposit some amount to the Agent.
Then send the Draft Number and our payment proof to the agent.They will apply for your PAN card  and within One working day, your PAN Acknowledgment receipt will send to your mail. The Acknowledgment will appear like this:

Then you just need to paste your photograph and signature on the Acknowledgment receipt and it is almost done.

3. Step Three : 
                     Make sure that your name on the Acknowledgment receipt and on the (POI) & (POA) is same , otherwise it will be rejected.
       Pin together the following  document :
                                                    1. Proof of Identity (POI)
                                                    2. Proof of Address (POA)
                                                   3. Demand Draft of Rs. 94.00
                                                   4. Acknowledgment receipt (with photograph and duly signed by you)

Use a Envelope Just like below and put all the above mentioned document :


And the final step is 
Write the Address below and send it by speed post

Check the STATUS of PAN card with Acknowledgement number





You can use the below mentioned link to know the status of your PAN card. You would just need the "Acknowledgement number".

Please visit the website for complete information :
www.pancardregistration.com

Ask for assistance how to fill up your PAN Application form




Need Assistance how to fillup your PAN application , We are here to help you.

How to find 'Assessing Officer code'?



Assessing Officer code may be obtained from Income Tax Office where you submit your return of income. Applicants who have never filed return of income may find out Assessing Officer code with the help of IT PAN Service Center or TIN Facilitation Center or jurisdictional Income Tax Office or from a PAN card Agency.


You can mail us at ............. with your proper document (Proof of Identity , Proof of Address ) and ask assistance for your PAN card application all about Assessing officer , Area code , AO type , Range code and AO number .

Where to apply for PAN?


In order to improve PAN related services, the Income Tax department has authorized UTI Investor Services Ltd (UTIISL) to set upand manage IT PAN Service Centers in all cities or towns where there is an Income Tax office and National Securities DepositoryLimited (NSDL) to dispense PAN services from TIN Facilitation Centers. For convenience of PAN applicants in big cities, UTIISL hasset up more than one IT PAN Service Center and likewise there are more than one TIN Facilitation Centers.

Where can I get a Pan Card?

The Unit Trust of India Investor Services Limited (UTI-ISL) has started dispatching Income Tax Permanent Account Number (PAN) cards from Friday.

Getting the new PAN card

Application for PAN should be made in prescribed form (Form 49A) and submitted in any of the I-T PAN Service Centers set up and managed by UTIISL across the country. I-T PAN Service Centers From July 1, 2003, I-T PAN Service Centers have been set up in all cities or towns where I-T offices are located.

For further convenience of PAN applicants in major cities there will be more than one I-T PAN Service Center.Location and other details about I-T PAN Service Centers in any city can be obtained from local Income Tax Office or offices of UTI or UTIISL in that city or from Web site of the Income Tax department (http://www.incometaxindia.gov.in) or of UTIISL (http://www.utiisl.co.in).

These I-T PAN Service Centers shall supply and receive PAN applications on behalf of all Assessing Officers, assist PAN applicants to correctly fill up the applications, check documents to be submitted as proof of 'identity' and 'address' by the applicant and issue acknowledgment for correct and complete applications.

The I-T PAN Service Centers will not accept incomplete or incorrect applications.The UTIISL has made arrangements to capture data from PAN applications and transmit it to the Income Tax Department.The Income Tax department will allot PAN and send necessary data to UTIISL where PAN card will be printed and delivered to the applicant.

From October 1, 2003 I-T PAN Service Centers will also receive and process grievances arising out of errors or requests for changes in PAN data.The new superior PAN card.The new PAN card is a superior card and in case of individual applicants it will carry a colored photo-image. It is tamper proof and has built-in security features such as a hologram and UV line. These security features will thwart forgery of PAN cards.

For providing upgraded PAN services, UTIISL has been authorized to collect Rs.60 per application. New simplified PAN form will cost Rs.5.The UTIISL has set up at least one counter in each of the 501 cities as requested by the Income Tax department. Most of these counters for PAN have been set up at I-T offices. In big cities, UTIISL has set up more counters.

Service counters have also been set up at 50 branches of UTI MF to handle PAN card customers.The database on the information related to your PAN card remains with the government and UTIISL cannot use it for any other purpose.Existing cards valid, but you can get a new one

The existing PAN cards would continue to be valid. It is optional for these PAN card holders to obtain the new plastic cards.Anyone who had already received a permanent account number, but did not have the card, now has the option of either asking the Income-Tax department for an existing type of laminated card, or opt for a smart card by applying for it.

The applications which are pending with the I-T department (application made till June 30, 2003) would also be issued the old card, but if an individual wishes, he or she can go for the new card after paying Rs 60. All applications made from July 1 onwards will be handled by UTI-ISL and applicants will be given the new PAN cards.

Track your PAN card status online.A Web-enabled tracking system to enable tax payers and applicants to find out the status of their PAN cards will also be set up within two months, where applicants can find out their status by entering their details.

The applications will be collected by UTI-ISL and sent to the National Computer Centre of the Income-Tax department which will allot the numbers. The cards with new hologram and security features will be prepared by the company.The UTIISL is setting up a Web-based system for monitoring movement of each application till the PAN card is delivered to the applicant.

Future PAN Applicants will be able to ascertain status of their application through such Web-based query system.Get your card within a fortnight.After submitting PAN application at I-T PAN Service Centre no further action will be required on the part of the applicant. It will be ensured that the PAN card is dispatched to the applicant within a fortnight. During the initial six months it may take some more time.

Grievances arising out of errors in the PAN data will be attended to within 10 working days and wherever required new PAN cards will be issued.Requests received from PAN holders for changes in PAN data or address, however, will be processed and responded to in thirty days from the date of receipt of application.

In order to ensure quality service in a timely way the new PAN process shall follow procedures conforming to ISO 9001-2000.Role of I-T department in the new arrangement.The Income-Tax department has outsourced only a part of business process, but it will continue to own and manage the PAN databases.

As such, Income-Tax department will remain responsible for ensuring quality of services to PAN applicants under the new arrangement.In every city or town where I-T PAN Service Centers will be operational, the senior most officer of Income-Tax Department or his nominee will act as a 'local PAN facilitator', who will attend to any difficulty faced and reported by PAN applicants while interacting with I-T PAN Service Centers.

Things to remember

* New PAN application Form 49A will be available only at I-T PAN Service Centers being set up and managed by UTIISL.
* All PAN and PAN Cards issued by the I-T Department will continue to remain valid and these holders need not apply again.
* Existing PAN allotters may, however, obtain superior PAN card by making an application at any I-T PAN Service Center.
* New PAN applicants will have to give specified documents as 'proof of identity' and 'proof of address' at the time of making application for PAN.
* I-T PAN Service Centers will assist applicants in filling applications forms.
* To allow time to obtain PAN, due date of filing returns has been extended from July 31, 2003 to September 30, 2003.
* Quoting of correct PAN on return of income and all other correspondence with the department is mandatory.
* PAN card is widely recognized as a proof of identity and is required for several financial transactions.

Is it necessary to have a PAN?

It is mandatory to quote PAN on return of income, all correspondence with any income tax authority and challans for any payments due to Income Tax Department. It is also compulsory to quote PAN in all documents pertaining to economic or financial transactions notified from time-to-time by the Central Board of Direct Taxes.

Some such transactions are sale and purchase of immovable property or motor vehicle or payments to hotels for bills or payments in cash in connections with travel to any foreign country of amounts exceeding Rs.25, 000.It is also mandatory to mention PAN for obtaining a telephone or cellular telephone connection.

Likewise, PAN has to be mentioned for making a time deposit exceeding Rs.50, 000 with a bank or post office or depositing cash of Rs.50, 000 in a bank.It is statutory responsibility of a person receiving document relating to economic or financial transactions notified by the CBDT to ensure that PAN has been duly quoted in the document.

All existing assesses or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN. Some such persons are Individuals, Companies, Partnership Firms, HUFs, Trusts or Representative assesses.

What is a PAN Card




Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number with an application.  PAN enables the department to link all transactions of the “person” with the department. These transactions include tax payments, TDS/TCS credits, returns of income/wealth/gift/FBT, specified transactions, correspondence, and so on. PAN, thus, acts as an identifier for the “person” with the tax department.  PAN was introduced to facilitates linking of various documents, including payment of taxes, assessment, tax demand, tax arrears etc. relating to an assessee, to facilitate easy retrieval of information and to facilitate matching of information relating to investment, raising of loans and other business activities of taxpayers collected 
through various sources, both internal as well as external, for detecting and combating tax evasion and widening of tax base. 
A typical PAN is AFZPK7190K.  
First three characters i.e. “AFZ” in the above PAN are alphabetic series runningfrom AAA to ZZZ Fourth character of PAN i.e. “P” in the above PAN represents the status of the PAN holder. “P” stands for Individual, “F” stands for Firm, “C” stands for Company, “H” stands for HUF, “A” stands for AOP, “T” stands for TRUST etc. Fifth character i.e. “K” in the above PAN represents first character of the PAN holder’s last name/surname. Next four characters i.e. “7190” in the above PAN are sequential number running 
from 0001 to 9999. Last character i.e. “K” in the above PAN is an alphabetic check digit. WHY IS IT NECESSARY TO HAVE PAN? 
It is mandatory to quote PAN on return of income, all correspondence with any 
income tax authority. From 1 January 2005 it will be mandatory to quote PAN on challans for any payments due to Income Tax Department. 
It is also compulsory to quote PAN in all documents pertaining to the following 
financial transactions :- 
(a)  sale or purchase of any immovable property valued at five lakh rupees or more; 


(b)  sale or purchase of a motor vehicle or vehicle,  [the sale or purchase of a motor vehicle or vehicle does not include two wheeled vehicles, inclusive of any detachable side-car having an extra wheel, attached to the motor vehicle;] 


(c)  a time deposit, exceeding fifty thousand rupees, with a banking company ; 


(d)  a deposit, exceeding fifty thousand rupees, in any account with Post Office 
Savings Bank; 


(e)  a contract of a value exceeding one lakh rupees for sale or purchase of securities; (f)  opening a bank account; 


(g)  making an application for installation of a telephone connection (including a cellular telephone connection); 


(h)  payment to hotels and restaurants against their bills for an amount exceeding twenty-five thousand rupees at any one time ; 


(i)  payment in cash for purchase of bank drafts or pay orders or banker’s cheques for an amount aggregating fifty thousand rupees or more during any one day; 


(j)  deposit in cash aggregating fifty thousand rupees or more with a bank during any one day; 


(k) payment in cash in connection with travel to any foreign country of an amount exceeding twenty-five thousand rupees at any one time. 
PAN – LEGAL FRAMEWORK 
The legal authority for allotment and use of the new series of PAN is derived from PAN, e.g, who is required to apply for PAN, who else can apply for PAN, who will allot PAN, transactions where PAN is required to be quoted, use of PAN in TDS certificates and TDS returns, that one person can have only one PAN and the manner of applying for PAN. 1962. This rule, amended in 2003, also specifies the copies of documents required to 
be submitted along with the PAN application as proof of identity and address of the PAN applicant.  entering into specified transactions/activities. Persons who do not have PAN are the persons to whom section 139A does not apply. These are persons who have Govt./State Govt. and Consular offices, where they are payers. provisions of section 139A. Section 139A of the Income-tax Act, 1961. This section lays down the framework for The manner of applying for PAN is laid down in Rule 114 of the Income-tax Rules, Rule 114B lists down the documents in which PAN is required to be quoted while exempted from quoting PAN on furnishing a declaration in Form 60. Rule 114C lists 
agricultural income by furnishing declaration in Form 61, non-residents, and Central Penalty of Rs.10,000/- is imposable u/s  272B for failure to comply with the 

 
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