PAN – Types and Requirements

PAN – Types and Requirements

PAN (Permanent Account Number)

PAN is an electronic system through which, all tax related information for a person/company is recorded against a single PAN number. This acts as the primary key for storage of information and is shared across the country. Hence no two tax paying entities can have the same PAN.

Eligibility for PAN

PAN Card is issued to individuals, companies, non-resident Indians or anyone who pays taxes in India.

Types of PAN

  • Individual
  • HUF – Hindu Undivided Family
  • Company
  • Firms/Partnerships
  • Trust
  • Society
  • Foreigners

Documents for PAN

There are two documents required for applying PAN.

  • Proof of address (POA)
  • Proof of Identity (POI).

Any two of the following documents should meet the criteria

Individual Applicant

POI/ POA- Aadhaar, Passport, Voter ID, Driving Licence

Hindu Undivided Family

An affidavit of the HUF issued by the head of HUF along with POI/POA details

Company registered in India

Certificate of Incorporation issued by Registrar of Companies

Firms/ Partnership (LLP)

Certificate of Registration issued by the Registrar of Firms/ Limited Liability Partnerships and Partnership Deed.

Trust

Copy of Trust Deed or a copy of the Certificate of Registration Number issued by a Charity Commissioner.

Society

Certificate of Registration Number from Registrar of Co-operative Society or Charity Commissioner

Foreigners

Passport
PIO/ OCI card issued by the Indian Government Bank statement of the residential country Copy of NRE bank statement in India

PAN can be applied Online or Offline.

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