How to Get India’s PAN Card?

Permanent Account Number (PAN) is issued by the Income Tax Authority of India. It generally used to quote on tax returns and other financial transactions in India. It is comparable to the Social Security Card in the USA.

Many NRIs living abroad have started investing in India because of the interest rates India has. Every time someone decides to invest in India, he/she must obtain a PAN card first. This can become a lengthy process in itself without going through an online broker. The online process has been made so simple that the majority of NRIs choose to take that route and pay more in service fees.

When you go through the PAN department directly, you almost have to be present in India in order to visit there office on a daily basis and make sure that everything is getting done. If not, sometimes there will be issues with your application and you will never know about it until 6 months later when you still haven’t received your PAN card. 

The online process is simply. You apply online and pay with your credit card, download forms and instructions, fill up the forms and provide the documents, then send everything to the broker’s office in India. Everything else is taken care of by them. Sending sensitive document all the way to India can be a problem so it is better if you send it to the broker, that way you can talk to them and make sure they have received everything all right. 

There a many brokers on the internet today that can provide you with fast service and get the job done in a timely matter. http://www.pancardnumber.com/apply.html is a broker that has been doing this for a long time. They have very good ratings. You will always have to send your documents by post with any legit broker because the government only accepts original signatures on applications. It is recommended that you send something that is traceable so that you know where your documents are at all times. The government sends your PAN card via India Speed Post. There are some brokers that will receive it at their office and send it via courier.

As time goes by, the government introduces more and more rules and regulations for all of these processes. It is easy now, but you never know how difficult it will become next month or the month after. It is always better to obtain your PAN card as soon as possible with all that in mind.

Why and How you must have a PAN Card Number online?

Pan card or the permanent account number card is something of prime importance. Its value is being realized slowly and steadily and it is extremely required nowadays for any kind of financial transactions. The tax department of the country is responsible for allotting this pan card to any particular individual. This is allotted for the purpose of identification of that individual and at the same time it becomes easy for the tax department to keep track of the transactions this person makes with the help of this pan card.

For any relevant year of assessment if you find that your basic income is exceeding the limit of exemption then you must apply for a pan card within 31^st may of that very year. If the turn over or the gross receipts of any person exceeds the value of Rs. 500,000 and the charitable trusts which have been specified must apply for pan card before the accounting year comes to an end. The employers who file fringe benefits have the advantage. For them there is no strict time limit set and hence they can apply for pan card according to their own convenience >> READ FULL STORY

How can a Foreign Company apply for a PAN Card Number in India?

As per the Indian government rules all foreign companies and organizations, are required to obtain a permanent account number (PAN Number) from the Income Tax Authorities of India. According to what has been specified in section 206AA which was inserted by the Finance (No.2) Act, 2009, it has been clearly stated that all foreign parties whether an individual companies or partnerships or any kind of entity who receive payment from the Indian companies after the period of 1^st April 2010 is expected to get their pan to the Indian party which is remitting that payment.

Need to apply for Company PAN, visit: www.PanCardNri.com/company.html

If the Company PAN Number is by any chance not provided to the Indian party with whom transactions are made then the Indian party is expected to deduct the tax on the foreign payment at the highest value of the rates >> READ FULL STORY