About Simplify Tax
There are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even believable genera on the Internet tend to repeat predefined chunks as necessary making Internet.
Address
Get in Touch
open

 
Slide1 background

PAN Registration

PAN Registration

Permanent Account Number (PAN) is a ten-digit alphanumeric number,
issued by the Income Tax Department, to any “person” who applies for
it or to whom the department allots the number without an application.
The Permanent Account Number (PAN) is unique to an individual
or entity and it is valid across India.  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.


Benifits of PAN Card

  • Deposit in cash aggregating to fifty thousand rupees or more with a bank during any one day requires PAN.
  • PAN is required to be quoted in the deed made during sale or purchase of any immovable property valued at five laksh rupees or more.
  • A deposit, exceeding fifty thousand rupees, in any account with Post Office Savings Bank
  • Opening a bank account
  • 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;
  • payment in cash in connection with travel to any foreign country of an amount exceeding twenty-five thousand rupees at any one time.
  • There are several other circumstances where PAN is required to be compulsorily quoted


    PAN Allotment

  • Application for allotment of New PAN (Form 49A) – applicable for Citizens of India
  • Application for allotment of New PAN (Form 49AA) – applicable for foreign citizens
Documents
  • Recent, Coloured Photograph (Stamp Size: 3.5 cms x 2.5 cms)

  • Proof of Identity

    Following documents are accepted as proof of identity:

  • Elector's Photo Identity Card
  • Riving License
  • Passport
  • Ration Card having photograph of the applicant
  • Certificate of Identity in original signed by a Gazetted Officer
  • Certificate of Identity in original signed by a Member of Parliament
  • Certificate of Identity in original signed by a Member of Legislative Assembly
  • Certificate of Identity in original signed by a Municipal Councilor
  • Arm's License
  • AADHAAR card issued by the Unique Identification Authority of India
  • Photo Identity Card issued by the Central Government or a State Government or a Public Sector Undertaking
  • Pensioner Card having photograph of the applicant
  • Central Government Health Scheme Card
  • Ex-servicemen Contributory Heath Scheme photo card
  • Bank Certificate in original on letter head from the branch.

  • Proof Of Address

    Following documents are accepted as proof of address:

  • Elector's Photo Identity Card
  • Driving License
  • Passport
  • Bank Account Statement
  • Credit Card Statement
  • Landline Telephone or Broadband Connection Bill
  • Employer Certificate in original
  • Electricity Bill
  • Depository Account Statement
  • Latest Property Tax Assessment Order
  • Certificate of Address in original signed by a Gazetted Officer
  • Certificate of Address in original signed by a Member of Parliament
  • Certificate of Address in original signed by a Member of Legislative Assembly
  • Certificate of Address in original signed by a Municipal Councilor
  • Water Bill
  • Consumer gas connection card or book or piped gas bill
  • Passport of the Spouse
  • Post Office Passbook having address of the applicant
  • Domicile Certificate issued by the Government
  • AADHAAR Card issued by the Unique Identification Authority of India
  • Allotment Letter of Accommodation issued by the Central or State Government
  • Property Registration document

  • Proof Of Date Of Birth
  • Birth Certificate
  • Pension Payment Order
  • Marriage Certificate issued by Registrar of Marriages
  • Matriculation Certificate
  • Domicile Certificate issued by the Government
  • Affidavit sworn before a Magistrate stating the date of birth
  • Driving License
  • Passport
Traditional
₹ 1000
  • Unlimited Bandwidth
  • Unlimit Space
  • 100 Database
  • 1000 Email Addresses

Faq's

Why is it necessary to have PAN ?

It is mandatory to quote PAN on return of income, all correspondence with any income tax authority.Government has made Pan mandatory in various financial transactions .Also From 1 January 2005 it will be mandatory to quote PAN on challans for any payments due to Income Tax Department.

Is it compulsory to quote PAN on return of income ?

Yes,otherwise there is penalty.

Can a person obtain or use more than one PAN ?

Possession of more than one PAN is against the law hence will attract penalty of Rs.10000/-.