PAN Registration Service for NRIs, OCIs, PIOs or Foreigners

An NRI PAN is similar to a regular Indian PAN, which every Indian uses. There is no such difference. As the Indian Income Tax Department issues a PAN card for indian, similarly, it issues a PAN card for NRIs. NRIs need a PAN card for running out financial transactions in India or if they have an income from India. The card has a unique identification code, which is mandatory for opening bank accounts, investing, buying or selling property, filing taxes, or other activities in India. 

The only difference you will notice is that the procedure, forms, fees, and processing time vary for an NRI PAN card.

A Permanent Account Number for NRIs is essential to carry out your various economic and financial activities in India. According to SEBI guidelines, NRIs who trade in the Indian stock market are required to have a PAN number. However, here are some reasons why you should have a PAN number:

1. If you wish to invest in mutual funds in India, you must apply for an Indian PAN number.
2. To open an NRO account or NRE account in India that handles Indian rupees or foreign currency for NRIs, a PAN card is needed.
3. As an NRI, you need a PAN number to carry out any proprietary transaction that requires Rupees 10 lakh, including buying or selling.
4. A PAN number is also required if you have any taxable income from India, such as salary, capital gains, dividends, interest, or rent.
5. A PAN number is also required if you need to register a company in India or obtain a GST registration.
6. You need a PAN number to avoid paying higher TDS, as without one, the individual is subject to higher tax rates that apply to property sales and investments. 
7. Lastly, the Income Tax Department of India uses your PAN number to monitor your tax obligations and income.

As a leading firm, we assist with all types of PAN application services, depending on your passport type, nationality, or entity status. From obtaining a new PAN to updating incorrect details or requesting a duplicate copy, we have streamlined the entire process for PAN cards for NRIs, OCI holders, and foreign nationals. Here are the different PAN applications we handle:

49A Form- Application for a new PAN card for an NRI

Non-resident Indians (NRIs) holding an Indian passport must use Form 49A to apply for a Permanent Account Number (PAN) Card. At Savetaxs, we ensure that your form application is stress-free, as our team of experts has a dedicated expert for each of our clients, working around the clock to support you. We ensure that there are no errors when applying for the form from start to finish.

49AA Form- Application for a new PAN card for a foreign citizen and entity

Any foreign national or entity residing outside India is required to file for a PAN card using Form 49AA. The form is also applicable if you hold an Overseas Citizen of India (OCI) card. As a growing foreign tax and Indian Taxation for NRIs firm in India, we assist clients from the initial filing form through to the completion of their individual or organizational returns. Additionally, we verify the documents to ensure that you receive your PAN card promptly.

CSF Form- Application for correction to changes in PAN card

This form is for individuals who already have a PAN card and wish to update it to make changes to their existing PAN information. To ensure this, our experts verify that the CSF form is filed accurately and review all updated information provided in the supporting documents. This form is for NRIs, OCI cardholders, and foreigners who wish to update their details. Apart from this, if your PAN card is damaged or lost, this form allows you to get a duplicate PAN card.

NRI applying for PAN from the USA is a straightforward process. 

1. You need to start by finding the correct form and visiting the UTITSL or Protean website.
2. Enter all your details carefully, including your US address.
3. Upload all the required documents to the website, including your foreign address proof, date of birth proof, and any additional documents as needed.
4. Attach a recent passport-size photo
5. Pay the fees either in USD or in INR
6. Once the form is accurately completed, you can submit your application. Upon doing so, an acknowledgment number will be generated, which can later be used to track the form's status online.

Anyone, from an individual to an entity, whether a resident of India, a non-resident, a foreign national, or anyone engaged in one or more economic, financial, or investing activities in India, needs to apply for a PAN card. Here is a list of NRI PAN card eligibility:  

1. Minors
2. Non-residents
3. Companies and Firms
4. HUF; Hindu Undivided Families
5. Trusts and Associations