Why pan card is used in India
A PAN card is an identification document issued by the Income Tax Department of India. It contains a unique 10-digit alphanumeric code which acts as a proof of identity for Indian citizens who pay taxes. The PAN number is required for financial transactions such as opening a bank account, filing income tax returns, and making investments in shares and mutual funds.
Why pan card is used
A PAN card is an important document in India. It is required for various financial transactions such as opening a bank account, filing income tax returns, and making investments. A PAN card is also needed to buy or sell property in India.
What is the use of pan card
A PAN card is an important document in India. It is used for various purposes such as filing Income Tax returns, opening a bank account, etc. A PAN card is issued by the Income Tax Department and it contains your personal information such as your name, address, date of birth, etc.
How to apply lost pan card
If you have misplaced your PAN card or it has been stolen, you can apply for a duplicate PAN card by following the steps below:
1. Download and fill out Form 49A from the NSDL website.
2. Include a recent passport-size photograph along with the form.
3. Submit the form along with the required documents to the NSDL office.
4. You will need to pay a fee of Rs. 107 (including taxes) for the duplicate PAN card.
How to change address in pan card
If you need to change your address on your PAN card, you will have to fill out a form and submit it to the Income Tax Department. You can find the form on the Income Tax Department website. Once you have filled out the form, you will need to send it to the following address:
Income Tax Department
Permanent Account Number Unit
3rd Floor, Mayur Bhawan
Connaught Circus
New Delhi-110001
How to change mobile number in pan card
If you want to change your mobile number in your PAN card, you will need to follow these steps:
1. Log in to the NSDL e-Gov portal using your PAN number and date of birth.
2. Click on the ‘Change Request’ option under the ‘PAN Change Request’ menu.
3. Enter your new mobile number in the ‘Communication Address’ field and click on the ‘Submit’ button.
4. An acknowledgement slip will be generated which you need to print, sign and send to the NSDL office along with the required documents.
How to surrender pan card
If you want to surrender your PAN card, you must follow the steps mentioned below:
1. Write an application for surrender of PAN card in the prescribed format.
2. Include your Name, Father’s Name, Date of Birth, Address, and PAN number in the application.
3. Submit the application along with a copy of your PAN card at any NSDL or UTI TIN-Facilitation Center (TFC).
4. After due verification, your PAN card will be surrendered and a confirmation receipt will be issued to you.
How to link pan card with bank account
A PAN card is required to link your bank account in India. The process is simple and can be done online in a few minutes. Here’s what you need to do:
1. Go to the website of the Income Tax Department of India.
2. Click on the ‘Link Your PAN with Bank Account’ tab.
3. Enter your PAN number, name, date of birth, and email address.
4. Select the bank account you want to link with your PAN from the drop-down menu.
5. Enter the amount you want to transfer from your bank account to your PAN card account. This can be done by choosing the ‘One Time Transfer’ option or by setting up a ‘Recurring Transfer’.
6. Once you have entered all the required details, click on the ‘Submit’ button.
7. You will receive an OTP (One Time Password) on your registered mobile number. Enter this OTP in the space provided on the website and click on the ‘Verify’ button.
8. That’s it! Your bank account will now be linked with your PAN card.
Also Read: Smart ways to get the best out of your ITR