Documents Required for New PAN Card :

A. For an Individual Applicant

• A copy of Aadhar card

• Photos - 2

B. For a Hindu Undivided Family (HUF)

• An affidavit issued by the Karta of the HUF stating the name, address and the father’s name of every coparcener as on the date on which the application is made.

• Identity proof, address proof and date of birth proof as in case of an individual for the Karta of the HUF.

C. For a Company registered in India

• A copy of the Certificate of Registration issued by the Registrar of Companies.

D. For Firms and Limited Liability Partnerships formed or registered in India

• A copy of the Certificate of Registration issued by the Registrar of Firms or Limited Liability Partnerships.

• A copy of the Partnership Deed.

E. For Trust formed or registered in India

• Copy of Trust Deed or a copy of the Certificate of Registration Number issued by a Charity Commissioner.

F. For an Association of Persons

• Copy of Agreement/Certificate of Registration Number from Registrar of Co-operative Society or Charity Commissioner or other competent authority or any document issued by the Central/State Government which shows identity and address of the applicant.

G. For individuals who are not Indian Citizens

(i) A proof of identity which can be any one of the following:

• Passport copy

• Copy of PIO card issued by the Indian Government

• Copy of OCI Card issued by the Indian Government

• Copy of other national or citizenship Identification Number or TIN attested by applicable ‘Apostille’, Indian Embassy, High Commission or Consulate where the applicant is based.

(ii) Address proof can be any one of the following:

• Passport copy

• Copy of PIO card issued by the Indian Government

• Copy of OCI Card issued by the Indian Government

• Copy of other national or citizenship Identification Number or TIN attested by relevant  ‘Apostille’, Indian Embassy, High Commission or Consulate

• Copy of bank statement of the residential country

• Copy of NRE bank statement in India

• Copy of resident certificate or Residential permit

• Copy of registration certificate issued by FRO

• Copy of VISA granted and appointment letter from any Indian company

Documents Required for Correction in PAN Card :

A. For an Individual Applicant

• A copy of Pan card or Pan card Number

• A copy of Aadhar card

• Photos - 2

B. For a Hindu Undivided Family (HUF)

• A copy of Pan card or Pan card Number

• An affidavit issued by the Karta of the HUF stating the name, address and the father’s name of every coparcener as on the date on which the application is made.

• Identity proof, address proof and date of birth proof as in case of an individual for the Karta of the HUF.

C. For a Company registered in India

• A copy of Pan card or Pan card Number

• A copy of the Certificate of Registration issued by the Registrar of Companies.

D. For Firms and Limited Liability Partnerships formed or registered in India

• A copy of the Certificate of Registration issued by the Registrar of Firms or Limited Liability Partnerships.

• A copy of the Partnership Deed.

E. For Trust formed or registered in India

• A copy of Pan card or Pan card Number

• Copy of Trust Deed or a copy of the Certificate of Registration Number issued by a Charity Commissioner.

F. For an Association of Persons

• A copy of Pan card or Pan card Number

• Copy of Agreement/Certificate of Registration Number from Registrar of Co-operative Society or Charity Commissioner or other competent authority or any document issued by the Central/State Government which shows identity and address of the applicant.

Advantages of PAN Card

The key uses of a PAN Card can be illustrated as follows:

• For filing tax returns – Individuals and entities (companies, partnership firms, HUFs, etc.) are required to quote their PAN whenever they file a tax return. This is a mandatory requirement. If there is no PAN card, individuals and entities would be required to pay a flat tax of 30% on their earning irrespective of the income-tax bracket they might fall in. So, for the purpose of taxation, a PAN is required and one can check PAN card status using their Permanent Account Number

• Registration of business – companies, partnership firms, Hindu Undivided Families or other entities who seek registration of their businesses cannot do so if they do not have a PAN to quote in the registration details.

• For conducting financial transactions – A host of financial transactions can be done only if the PAN card of the individual/entity is available. Some common transactions facilitated by the PAN card include sale or purchase of any immovable property the value of which is Rs. 5 lakh and above, sale or purchase of any vehicle except a two-wheeler, depositing any amount higher than Rs.50,000 in a bank, buying bonds valued at Rs.50,000 or above, remitting funds outside India, travel expenses made for travelling overseas if such expenses are in excess of Rs.25,000, buying mutual fund schemes, buying insurance policies or shares valued at Rs.50,000 and above, etc.

• For availing utility connections – In many instances when utilities like a post-paid mobile phone connection, LPG connection, electricity connection, internet connection, etc. are required, a PAN card comes in handy. However, it is always recommended that you use alternate ID proof such as DL, Voter ID card, etc.  if possible.

• For opening a bank account – Nowadays the bank’s Know Your Customer (KYC) norms have become quite stringent and the PAN card is a primary requirement, banks carry out their individual number verification when opening a bank account.