What is a Business Pan Card and How to Apply in The Year 2025?

As we all know that PAN card is one of the most important documents for handling a bank account, filling out an Income Tax return, and more. PAN stands for Permanent Account Number. There are two types of PAN cards one is normal and second is a business PAN card. A business PAN card is issued for businesses or entities in India and it helps business owners in various ways, including tax filing, opening bank accounts, legal compliance, claiming tax deductions, and conducting other financial activities.

So are you a business owner, wants to apply for a business PAN card, and looking for the procedure to apply? If yes then it is a perfect place for you. In this blog post, we will examine the different methods and steps for applying for a permanent business account number.

Steps and Methods to Apply For a Business PAN Card

There are two ways to fill out the business PAN card application form. The first is Online and the other one is offline. Next, we will shed light on both of the methods and check out the steps to file a business PAN card application.

Apply for a Business PAN Card Online

Online medium is one of the best and easiest ways to apply for a business PAN card and for this, you need to follow the below-mentioned steps:

• Visit the NSDL Website

• Select Application Type and Category

• Provide Company Details

• Enter the Full Name of the Applicant

• Enter Source of Income

• Enter your Office Address

• Mention the Assessing Office Code (AO Code)

• Upload Documents for Proof of Identity

• Enter details of Authorised Signatory or Partner

• Send Signed Acknowledgement and Documents to NSDL Head Office

After following all the above-mentioned steps to apply for a business PAN card you can easily get your PAN at your home. Additionally, you can also check your PAN Card Status online on the NDSL official website.

Apply for a Business PAN Card Offline

It is another way to apply for a Permanent Account Number for your business, but in this method, you need to follow the lengthy process and visit the nearest NDSL center.

• Download the Form 49A from the NSDL website.

• Fill out the form and attach the necessary documents.

• Submit the form and documents to the nearest NSDL center.

• The center will issue a letter of acknowledgment.

• After verification candidate will receive the business PAN card at the mentioned company address.

After knowing the different procedures to get a business PAN card now we will lighten up those businesses who require PAN Card. So stay connected and awake and check out if your business is listed in the list or not.

Different Types of Businesses That Require a PAN Card?

A permanent account number is essential to start the business. No matter if you are an Indian citizen or corporation or an NRI it is important to register your firm and have a Business PAN card. Apart from this if your firm is generating income from outside India and registered in India, has an office, or is permanently established then it will need a PAN for sure. Below is the list of types of businesses that need a business PAN card.

• Body of Individuals
• Trust
• Incorporation
• Limited company
• Private firm
• Association
• Foreign institutional investor
• Hedge fund
• Company
• Partnership firm
• Association of persons
• Limited Liability Partnership (LLP)

Here is the list of companies that need permanent account numbers. Next in this blog, we will check out the required documents to get a Business PAN card.

Documents Required for Business Permanent Account Number

When we talk about the documents required for a Business PAN card then it depends on the type of business. If you are running an Indian company then the requirements are different and for foreign business applicants who need some additional documents let's check out both.

For Indian Business:

• An identity and address proof
• A copy of the certificate of incorporation
• A copy of a no objection certificate (NOC) issued by MCA (Ministry of Corporate Affairs)

For Foreign Companies:

• A copy of the registration certificate issued by the Indian government to open a business and offices in India.

• The applicant's native country's certificate of registration, officially attested by the Indian Embassy, the High Commission, the Apostille, or even authorized staff of scheduled banks' foreign branches that are registered in India To obtain a Business PAN card.

• A bank draft is required to pay the tax department's issuing charge. Be sure to use Indian money when making the payment. Another option is to draft foreign currency in support of NSDL.

• A business PAN card in India helps business owners do smooth transactions, adhere to tax laws, and receive approval for TRN (tax registration number).

• Business PAN card also helps to reduce tax rates and meet specific tax-related prerequisites.

Apart from this PAN Card for NRI is also essential to run a business in India. After knowing the documents we will talk about the advantages of a business PAN card and then we will move towards the processing time and fees for business PAN.

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Benefits of Having a Business PAN Card

• The primary benefit of having a business PAN card is that it can help the Indian government track all the financial transactions mandated by the Income Tax Department.

• A Business Permanent account number is essential for filing income tax returns, opening a bank account, and making investments. Apart from this, it allows businesses to claim tax breaks and benefits.

Processing Time and Fees for a Business PAN

There are two types of business PAN cards one is normal and the other is an ePan card. Both types of PAN cards take approx 15 days to process. Besides this the fee structure of both types of Business Pan card is different. Let’s know the fees of a business PAN card through the table. 

Fee of Business PAN Card

Fees of e-PAN Business PAN Card

Common Issues with Business PAN card and their Solutions: 

• Incomplete Documentation:

Issue: If you did not submit all the essential documents then it slowed down the PAN card application process.

Solution: To enjoy the hassle-free process, submit all the necessary documents while filling out an application form for a business PAN card.

• Incorrect Information:

Issue: If you provide false information in the business PAN card application it may result in rejections and other complications.

Solution: To prevent this situation you should have to fill out the correct information. Including name, address, and other supporting ID documents to confirm the accuracy of the details.

• Mismatch in Business Details:

Issue: If the information provided by you is different from the data it will cause confusion and delays in the business PAN card processing.

Solution: To ignore confusion and delays in getting your PAN card must try to cross-check all business details mentioned in different documents and registrations.

• Non-compliance With Legal Requirements:

Issue: If the applicant of a business PAN card is not able to fulfill the eligibility criteria then it can lead to the PAN card application rejection.

Solution: To ignore this issue must try to get familiar with the business PAN card eligibility criteria and legal obligations for your business entity. If you find any eligibility or legal obligations related to your business then must resolve them.

• Address Discrepancies:

Issue: Another issue that affects the business PAN card is address discrepancies. It occurs when there is some conflict in data and it also creates delays.

Solution: To prevent yourself from facing this issue it is essential to provide the correct address. Additionally, if there are any changes in the listed address then must try to rectify them. It is also essential to provide the same business address that is mentioned in the PAN card application.

• Non-verification of Documents:

Issue: Submitting unauthenticated supporting documents during the application process can also create delays.

Solution: Before submitting all the important documents for the business PAN card must recheck their clarity, readability, and anything that is specified to be acceptable. Always remember that the copies uploaded by you in the PAN application form must be clear and easily readable to avoid delays.

• Incorrect Business Category:

Issue: Opting for the wrong category and business type can also lead to complications and delays.

Solution: To prevent complications and delays in getting a business PAN card always choose the category and type that justify your business properly. You can go through the review of the guidelines provided by the authorities to select the proper business category.

• Digital Signature Issues:

Issue: Digital signature can also create technical issues and cause delays or rejection of the application.

Troubleshoot: So before submitting your digital signature make sure that it will fulfill specified requirements. Additionally also resolves technical issues such as glitches and more to make the process smoother.

• Delayed Processing:

Issue: Another big issue that causes inconvenience and frustration is Delays in processing the application.

Solution: To ignore this issue you can apply for a business PAN card in advance. You can also check your PAN card status online on a regular basis.

• Communication Gaps:

Issue: Not taking timely updates and improper commutations can lead to confusion and uncertainty.

Solution: To avoid confusion and uncertainty stay active and check regular updates of your business PAN card. If communication is needed or have any doubt then, reach out to the designated authorities for updates and clarification.

Read Also: Apply for PAN Card Online

Why Hire Visament to Apply for a Business PAN Card

If you are a business owner then this is a beneficial post for you. By going through this blog you will get to know about a business PAN card. Above we share various things related to the business PAN card including what it is, how to apply for a PAN card for business, benefits, documents required, fees of business PAN card, and many more. So if you also want a business PAN card to make your transaction easier and facing issues then hire Visament.

They have a huge and experienced team that helps you with the business PAN card application process, offers inexpensive prices, 24*7 client support, and many more. Apart from the PAN card services you can also take visa, passport, Aadhar Card, and other immigration services by choosing this service provider.