The benefits of having a PAN number in India are listed below. First and foremost, it acts as an identity proof, a testimony to one’s relation to India. In this context it is COMPULSORY for all non resident Indians to possess a Pan card as it helps them carry out any transactions in their country efficiently and with the minimum amount of trouble. Thus if one wishes to invest in India, or file taxes the PAN card is of utmost importance.
Why NRIs need a PAN Card?
The PAN card needs to be disclosed in the event of the purchase or sale of any property. The document pertaining to the sale or purchase of property must contain the PAN. This rule holds where immovable property valued at Rs. 500,000 or more is involved. In case of co-owners, the PAN of both the owners needs to be mentioned. However, if a nominee holds the property, it is important to mention the PAN of the legal owner. (Read More...)
Is it compulsory for NRIs to have a PAN number?
PAN Card Application Form for a NRI, PIO or OCI – Online
How NRIs can apply for PAN Card in India?
Attention NRIs & PIOs – PAN Card is now Compulsory.!
What Is a PAN Card and How to Apply a PAN Number Online?
Download PAN application form – for NRIs (Non-resident Indians)
How to Find a PAN Number?
How to apply for a duplicate or lost PAN card in India online?
How to verify your PAN card number details online?
Do I need a PAN Number to invest in India’s Real Estate, Stock Market & Mutual Funds?
Why NRIs need a PAN Card?
The PAN card needs to be disclosed in the event of the purchase or sale of any property. The document pertaining to the sale or purchase of property must contain the PAN. This rule holds where immovable property valued at Rs. 500,000 or more is involved. In case of co-owners, the PAN of both the owners needs to be mentioned. However, if a nominee holds the property, it is important to mention the PAN of the legal owner. (Read More...)
Related Articles:
Is PAN compulsory if you don’t file taxes or have income in India?Is it compulsory for NRIs to have a PAN number?
PAN Card Application Form for a NRI, PIO or OCI – Online
How NRIs can apply for PAN Card in India?
Attention NRIs & PIOs – PAN Card is now Compulsory.!
What Is a PAN Card and How to Apply a PAN Number Online?
Download PAN application form – for NRIs (Non-resident Indians)
How to Find a PAN Number?
How to apply for a duplicate or lost PAN card in India online?
How to verify your PAN card number details online?
Do I need a PAN Number to invest in India’s Real Estate, Stock Market & Mutual Funds?
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