PAN Card Eligibility Age, Identity, Adress Proof

PAN Card Eligibility Age, Identity, Adress Proof

A PAN (Permanent Account Number) card is a unique identification number assigned by the Income Tax Department of India to individuals, companies, and entities that pay taxes in the country. The PAN card has become an essential document for financial transactions such as opening bank accounts, buying and selling properties, and filing tax returns. In this article, we will discuss the eligibility criteria for obtaining a PAN card in India.

It is important to note that having a PAN card is mandatory for individuals who earn a taxable income. The PAN card is used for various financial transactions such as opening bank accounts, buying and selling properties, and filing tax returns. It is also used as a proof of identity and address for various purposes.

1) Indian Citizens

Indian citizens are eligible to apply for a PAN card. The applicant must provide proof of identity, address, and date of birth. The acceptable documents for identity proof include Aadhaar card, Voter ID card, passport, or driving license. The acceptable documents for address proof include utility bills, bank statement, passport, or Aadhaar card. The acceptable documents for date of birth proof include birth certificate, school leaving certificate, or passport.

2) Foreign Nationals

Foreign nationals who are residing in India for more than 182 days are also eligible to apply for a PAN card. They must provide a copy of their passport as proof of identity and address in India. They can also provide their foreign address proof as additional address proof.

3) Minors

Minors are also eligible for a PAN card. However, they must provide proof of identity and address of their parents or guardians. The PAN card will be issued in the name of the minor, with the name and signature of the parent or guardian.

4) Non-Residents

Non-resident Indians (NRIs) and foreign nationals who are not residing in India are also eligible for a PAN card if they have taxable income in India. They must provide proof of identity and address in India, along with a foreign address proof.

5) Companies and Entities

Companies, firms, trusts, and associations are also eligible for a PAN card. They must provide proof of registration, such as certificate of incorporation, partnership deed, or trust deed.

Age For PAN Card Applicant

The eligibility age for applying for a PAN (Permanent Account Number) card in India is 18 years. Individuals who have completed 18 years of age are eligible to apply for a PAN card. This includes Indian citizens, foreign nationals residing in India for more than 182 days, and non-residents with taxable income in India.

For minors who do not have taxable income, a PAN card can be obtained in their name by their parents or guardians. However, the card will have the name and signature of the parent or guardian and not of the minor.

Documents for PAN Application

To apply for a PAN card, the applicant must submit a completed application form along with proof of identity, address, and date of birth. The acceptable documents for identity proof include Aadhaar card, Voter ID card, passport, or driving license. The acceptable documents for address proof include utility bills, bank statement, passport, or Aadhaar card. The acceptable documents for date of birth proof include birth certificate, school leaving certificate, or passport.

Conclusion

The eligibility criteria for obtaining a PAN card in India includes Indian citizens, foreign nationals residing in India, minors, non-residents with taxable income in India, and companies and entities. The applicant must provide proof of identity, address, and date of birth or registration, as applicable. Having a PAN card is mandatory for individuals who earn a taxable income, and it is also a useful document for financial transactions and complying with tax laws.

Leave a Comment

fintech long light1

InFinTech is a Educational Blog .


WhatsApp

+919834754391

Contact

NSK Multiservices Kosbi

NSK Multiservices Near Vitthal Rakhumai Temple, Shedepar Road, Panchshil Square, Deori - 441901

We would like to keep you updated with special notifications. Optionally you can also enter your phone number to receive SMS updates.