PAN Data Change or Updation
What is pan card Update/ Correction?
Permanent Account Number (PAN) holds extreme importance in India not only for income tax purposes but also as a proof of identity any incorrect information on your pan card lead to problems in future. So it is advised to get the mistakes and inaccuracies in your pan corrected as soon as possible.
Does Pan number change after correction?
No, Permanent Account Number (PAN) as the name suggests is a permanent number its does not change with any changes in data. Only the data on the pan card and in the Income tax department database will change.
How to correct PAN card Mistakes?
1. To download the PAN change request form, go to the official website of the IT department and click on Online Application for changes or correction in pan data.
2. Scroll down on the page opened and select the required field.
3. Request for New PAN Card or/and Changes or Correction in PAN Data” which is a new online form will open. Make necessary changes and fill in the application carefully. Once done, go through the form again to see if any more corrections are needed and click on ‘Submit’.
4. After the specified payment, through any of the given modes, an acknowledgement will be downloaded, which needs to be saved for further reference. Relevant documents, along with the acknowledgement should be sent to the following address: Income Tax PAN Services Unit NSDL e-Governance Infrastructure Limited 5th floor, Mantri Sterling, Plot No. 341, Survey No. 997/8 Model Colony, Near Deep Bungalow Chowk Pune – 411016
Corrections for pan can also be applied online through UTIITSL. The official website will have a corrections form wherein the right details have to be filled after the applicant has made the necessary changes and paid the fees a receipt is generated which can be used as reference. The updated pan card will be sent by post to the address mentioned in the form by the applicant.
How can I change my name in pan card offline?
The PAN card name change procedure is simple and can be accomplished by filing form for pan card name change through tin of NSDL the fee for requesting pan card change is Rs.107 and in case the pan card has to be mailed abroad an additional charge of 866 is applicable
Can we change PAN card online?
Yes, Applying for a pan card online is an easy process that does not require submission of documents via post or courier If you have lost your pan card or if you want to change name on pan card or update other details then you can follow another simple process that is completely online
Documents Required for PAN Data Change or Updation
Proprietor
One Person Company
Private Limited
Public Limited
Partnership Firm
LLP
NGOProcess Involved
Step 1
Documentation
Step 2
Preparation of documents
Step 3
Filing of application from 49A
Step 4
Affix Photographs and sign the Form 49A
Step 5
Submission form 49A
Step 6
Acknowledgment No.
FAQ'S
- What is a PAN number?
- Full form of PAN is permanent account number. It is a unique identity number allotted to individuals and companies by the Indian tax department.
- Why is PAN needed?
- As per new regulatory norms, both resident & non-residents Indians; including international companies with or without any presence in India, are required to provide a copy of their PAN card while carrying financial or business transactions; like: opening bank accounts, paying bills, filing taxes, raising invoices, buying or selling real estate, etc to name a few.
- Do I have to renew it every year?
- No. Once you get it, its good forever
- Do I need to file taxes in India if I acquire a PAN number?
- ? If you do not make money in India then you don't pay taxes here. Having a PAN does not necessarily means that you need to pay taxes. You only pay, if you accrue income in India.
- In How many days Pan Card is received ?
- It takes about 15 days to get a new PAN allotted. However, PAN can be obtained in around 5 days if application is made through Internet and processing fee paid through credit card
- what is the utility of PAN?
- PAN enables the department to link all transactions of the assessee with the department. These transactions include tax payments, TDS/TCS credits, returns of income, specified transactions, correspondence and so on. It facilitates easy retrieval of information of assessee and matching of various investments, borrowings and other business activities of assessee.?
- is there any TATKAL facility for PAN?
- ?No
- Who has to sign the PAN application ie 49A/49AA?
- ?Application in Form 49A/49AA must be signed (left thumb impression in case of persons unable to sing) by : The applicant; or Karta in case of HUF; or Director of a Company; or Authorised Signaturee in case of Association of Persons, Body of Individuals, Local Authority and Artificial Juridical Person; or Partner in case of Firm/LLP; or Trustee; or Representative Assessee in case of Minor/deceased/idiot/lunatic/mentally retarded.
