Home > Income Tax > Service Plans > PAN Registration Service for NRIsLast Updated: Feb 14th 2024
Expert assisted PAN registration service for a non-resident Indians (NRIs), OCIs, PIOs or Foreigners who has or plan to have a financial activity in India. Know more on the service, who should buy, process, documents to submit, along with frequently asked questions.
Typical documents would be a copy of passport for 'Proof of Identity' and the Bank statement (where NRI resides), Date of Birth from the Passport, email ID, Mobile Number
Applicant is required to provide two different of documents proofs, one from the "Proof of Identity" and another from "Proof of Address"
Every Service comes with the benefits such as
Govt Fees extra. Fee ranging from Rs. 110 (Communication address within India) to Rs. 1000 (address outside of India)
A comprehensive list of frequently asked questions on PAN registration for NRIs, OCIs, PIOs or Foreigners.
Every person or entity who is required to file a income tax return (ITR) or intends to enter into an economic or financial transaction where quoting of PAN is mandatory must have a PAN.
List of transactions in which quoting of PAN is mandatory
A non-resident Indian ('NRI') can apply for PAN by submitting the Form No. 49A along with the requisite documents and prescribed fees
In case the applicant is a foreigner (not holding Indian passport), one can apply for PAN by submitting the Form No. 49AA along with the requisite documents and prescribed fees
It's critical to provide correct documentation in this regard for a hassle free PAN allotment
NRI is required to submit the copy of passport (alongwith PAN application Form) as proof of identity. He is also required to submit any of the following documents (alongwith PAN application Form)as proof of address.
A foreign address can be provided as residential and office address by NRIs applicants, if they do not have any Indian address of their own.
Govt. processing fees for PAN application shall depend on the communication address provided. Fee for processing of PAN is Rs. 107 if the communication address is within India, and Rs. 994 (Application fees + Dispatch charges) if the communication address is outside India.
PAN card mistakes can be corrected by applying for "Changes or Correction in PAN Data". Application can be submitted in both Online and/or Offline mode.
A person or entity cannot hold more than one PAN at any time.
A penalty of Rs. 10,000 can be levied on possession of more than one PAN under section 272B of the Income Tax Act., 1961
If a person has been allotted more than one PAN then he should immediately surrender the additional PAN card(s) with the local ayakar bhavan and get a receipt of such a transaction.
A penalty of Rs. 10,000 can be levied on possession of more than one PAN under section 272B of the Income Tax Act., 1961
In addition, below are few more instances where non-compliance may arise.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.