Permanent account number stands as a non-negotiable document in India. Every person filing income tax returns or carrying out any financial transaction in India is required to have a PAN. As the name suggests, a Permanent Account Number is a 10-digit alphanumeric identification code issued by the Indian Income Tax Department.
In this blog, we will break down the process of filling out the PAN card Form 49AA in simple terms, explaining the differences between the two forms and whether an NRI is required to have a PAN card. All your questions about the NRI PAN card will be answered in this blog guide itself.
Yes, having a PAN card is mandatory for NRIs in the following cases.
If you are earning income in India and are an Indian citizen, NRI, or are either an entity incorporated in India or an unincorporated entity that has formed in India, you all need to file Form 49A to get your PAN card.
In brief, Indian citizens residing abroad should file Form 49A, which is also available to Indian citizens.
This form is for foreign residents who pay taxes in India, such as Person of Indian Origin (PIOs), Overseas Citizens of India (OCIs), and companies incorporated outside India but conducting business activities in India.
In a nutshell, NRIs who hold a foreign citizenship, such as OCI holders or PIO, or foreigners who are not of Indian origin, are required to file this form.
The structure of the PAN form is given below:
When filing for your PAN Card, it is essential to have all the documents mentioned below readily available:
Proof of Identity: This could be your passport, driver's licence, or Aadhar card, etc.
Proof of Address: This can be your electricity bill, water bill, passport, Aadhaar card, or any other document that displays your address.
Proof of Date of Birth: You can provide any of the following documents: Aadhaar card, voter ID card, mark sheet, or birth certificate.
As an NRI, you can fill out either PAN card 49A or 49AA online or offline.
Step 1: Go to the official website of NSDL or UTIITSL
Step 2: If you are an Indian citizen or an NRI with Indian citizenship, select form 49A, and for foreign nationals, citizens, NRIs, choose form 49AA.
Step 3: Choose the mode of receiving the PAN card.
Step 4: Upload all he documents and pay the fees.
Step 5: Recheck the application form once and submit it. Once the submission is complete, you will get an acknowledgement number.
Step 6: Send all the documents by courier or post to either the UTIITSL office or NSDL.
Step 1: Download the form you are eligible to file the protean return or the Income Tax Department website, respectively.
Step 2: Fill in the application form.
Step 3: Attach the signature and then a recent passport-size photograph to the application.
Step 4: Apply, along with all the necessary documents, to your nearest PAN center.
Step 5: Pay the fees.
Step 6: You will receive an acknowledgment number after the successful completion of the fees.
NRIs, we have got you covered with every NRI social and taxation service and more. Savetaxs has been helping NRIs for over two decades, and our satisfied customer base of thousands of NRIs speaks for itself. Filing a PAN card application can feel overwhelming because even a minor error can result in the entire process being rejected in seconds.
Hence, our team of experts, with over 30 years of combined experience, will guide you through the PAN application process, ensuring that all documents are completed and verified. We will also ensure that there are no errors while filing your PAN card application form. Savetaxs is here to save you from any hassle or stress caused during any process, so you can focus on what's more important and let us handle the mundane tasks left behind.
Note: This guide is for informational purposes only. The views expressed in this guide are personal and do not constitute the views of Savetaxs. Savetaxs or the author will not be responsible for any direct or indirect loss incurred by the reader for taking any decision based on the information or the contents. It is advisable to consult with either a Chartered Accountant (CA) or a professional Company Secretary (CS) from the Savetaxs team, as they are familiar with the current regulations and help you make accurate decisions and maintain accuracy throughout the whole process.
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