Obtain PAN Card
Senixa Legal helps you to apply for your pan registration with ease. Prices starting from INR 499/- only.
Step 1
Complete simple form
PAN Application
PAN stands for Permanent Account Number, which is the unique 10-character alphanumeric code, for eg. AAAAA0000A, given to individuals, HUF, and business-firms in India and abroad.
NSDL and UTI issue the PAN card on the behalf of the Income Tax (IT) department under the supervision of CBDT. Any person, HUF, and all kind of business entities can apply for the PAN card and it is mandatory for the persons who earn taxable income and are required to pay Income Tax.
Pan Card is valid for the lifetime unless you surrender it to tax authorities. The generation of the PAN is a one-time process that requires no renewal. PAN card is mandatory for filing the income tax return, the opening of bank account, availing the loan, buying & selling a property, foreign exchange, bank deposit, and other financial facilities.
Benefits of PAN Card:
The benefits of PAN Card generation are as follows:
• Easily open your bank account
• No hurdle to any business transaction
• Claim your IT Refunds and Rebates
• TDS Rebate on saving deposits
• An opening of the Demat account
• Avail Loan Facility
• Buying & selling property
Procedure for PAN Application
• Online application of PAN can be made on the NSDL website OR UTIITSL website.
• Submit the PAN card application Form 49A available on the NSDL.
• Payment of application fee can be made through credit/debit card, demand draft, or net-banking.
• Once the application and payment are accepted, the applicant is required to send the supporting documents through courier/post to NSDL.
• Upon the receipt of documents, the PAN application is processed by NSDL, and PAN is issued.
PAN enables the department to link all transactions of the person with the department. These transactions include tax payments, TDS/TCS credits, returns of income/wealth/gift, specified transactions, correspondence, and so on. PAN, thus, acts as an identifier for the person with the tax department. You may get in touch with our compliance manager on +91-9999347181 or email us at info@senixalegal.com for any assistance.
Steps to get PAN Card
Fill Simple Checklist
A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.
Name Approval
Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently the approval of name for your Private Limited Company. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your Private Limited Company in Part A of SPICe Plus form.
Registration
We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.
FAQs on PAN Application
What is a PAN?
The Permanent Account Number or PAN is the authentic alphanumeric code consisting of 10 characters allotted to the individuals, HUF, and business-firms in India and abroad.
Who is mandatorily required to have a PAN card?
People who are the persons earning taxable income, i.e. they are required to pay Income Tax and file Income Tax Returns are mandatory to bear the PAN card.
What is the threshold limit for companies to obtain a PAN card?
All businesses whose total sales, gross receipts, and turnover exceed INR 5 Lakhs are mandatory to issue PAN card.
How many transactions compulsory need a PAN card?
All transactions exceeding INR 50,000 can be done only through a PAN card.
What is the penalty for not obtaining a PAN card?
The penalty of not having a PAN card if it’s mandatory amounts to INR 10,000 under Section 272B of the Income Tax Act.
How to track the PAN Card status online?
- Visit the official NSDL link for tracking PAN Card status.
- Select Application Type- PAN New/Change Request.
- Enter your 15-digit ARN.
- Enter the captcha text and hit the Submit button.
- Your PAN Card status will be displayed.
What are the documents required for the PAN card application?
- Passport size Photograph
- Aadhar Card and
- Proof of Address
How to link a PAN card with an Aadhaar card?
- For this, you first need to get registered on the Income Tax e-filing portal.
- Once registered, Login at NSDL using the Username, Password, and Date of Birth.
- Click on Link Aadhaar from the Profile settings tab.
- Enter your necessary details.
- Enter the captcha text and hit the Link Aadhaar button.
Still, have confusion?
Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@senixalegal.com or call us @+91-9999347181.
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