Overview

A Permanent Account Number (PAN) is a unique ten-digit alphanumeric code issued by the Income Tax Department of India. It serves as an essential identification for individuals and entities conducting financial transactions and is mandatory for filing income tax returns, opening bank accounts, and various statutory registrations.
PAN ensures that all tax-related information for a person or organization is tracked under one unique identifier, promoting transparency and accountability.

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Eligibility / Who Should Apply

• Individuals (Indian residents or foreign nationals)
• Businesses and organizations – Companies, LLPs, Partnerships, Trusts, and Societies
• Foreign entities earning income or operating in India
• Non-resident Indians (NRIs) and foreign investors conducting business in India

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Key Features

• Unique lifetime identification number issued by the Income Tax Department
• Mandatory for income tax filing, GST registration, and bank transactions
• Required for property purchase, investments, and business registration
• One PAN per individual or entity — duplication is prohibited

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Step-by-Step Process

1. Choose Application Form:
   • Form 49A – For Indian citizens and entities
   • Form 49AA – For foreign citizens and entities
2. Fill Application Details: Provide applicant’s full name, date of birth, contact details, and proof of identity and address.
3. Submit Documents: Attach identity proof, address proof, and proof of date of birth or incorporation.
4. Pay Government Fee: Submit the nominal processing fee online or at an authorized PAN center.
5. Verification & Allotment: The Income Tax Department verifies the information and issues the PAN card in physical and digital formats.

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Documents Required

For Individuals:

• PAN application form (49A)
• Aadhaar Card (for Indian citizens)
• Proof of address (Voter ID, Passport, Utility Bill, etc.)
• Passport-size photo and signature

For Businesses / Entities:

• Certificate of Incorporation or Registration
• Partnership Deed / Trust Deed / Society Bylaws (as applicable)
• Proof of registered office address (Rent Agreement / NOC / Ownership Proof)
• Authorized signatory’s Aadhaar and photograph

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Timeline

PAN is usually issued within 5–10 working days after successful submission and verification of documents.

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Post-Issuance Requirements

• Link PAN with Aadhaar (mandatory for individuals)
• Update PAN in all bank accounts, business registrations, and statutory records
• Quote PAN in all major financial transactions above ₹50,000
• Retain soft and physical copies for compliance and verification purposes

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Penalties for Non-Compliance

• Failure to apply for PAN when required can lead to a penalty of ₹10,000 under Section 272B of the Income Tax Act
• Multiple PANs for the same person or entity may invite cancellation and penalty
• Non-linking of PAN with Aadhaar may render the PAN inoperative

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Kanoons Service

Kanoons Law & Tax Consultants Pvt. Ltd. provides efficient PAN Application and Update services for individuals and businesses across India.

Our services include:

• Assistance in filing Form 49A / 49AA online
• Guidance on required documents and digital submission
• Tracking and retrieval of PAN acknowledgment and delivery
• Correction or update of PAN details (address, name, or entity status)
• Support for linking PAN with Aadhaar and other registrations

Kanoons ensures fast, accurate, and hassle-free PAN processing with end-to-end digital support.

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Why Choose Kanoons

• Fast and paperless PAN application process
• Affordable and transparent service with no hidden costs
• Support for individuals, businesses, and foreign entities
• Real-time status tracking and update assistance
• Trusted by startups, NGOs, and professionals nationwide