
A Permanent Account Number (PAN) is a 10-digit alphanumeric number issued by the Indian government to all individuals or non-individual entities that earn income to pay taxes and avail government subsidies. It not only helps you open a bank account, but also one of the essential documents to carry out financial transactions in India, and to get it, there are certain procedures. The PAN card Form 49A and 49AA is an application form used to obtain a PAN card in India. Want to apply for PAN card? So you have to fill out Form 49a and Form 49aa. But are you confused between both forms? Which form do you have to fill out? Then you are at the right place. In this blog, we will know everything about both forms, so let's start reading.
Having a PAN card in India is important for all earning individuals and non-individual entities. The PAN card Form 49A is for all Indian citizens, entities incorporated in India, NRIs, and other unincorporated entities that are formed in India. By filling out this form, they can obtain a PAN card in India and avail of the government subsidies.
This is all about the PAN card Form 49A and who can fill out this form. Now, moving ahead, let's know about the Form 49AA.
Foreign residents and entities incorporated outside India but functioning in India are also eligible to obtain a PAN card. It includes Persons of Indian Origin (PIO), foreign companies working in India, Overseas Citizen of India (OCI), and residents of a foreign nation. These people need to fill out the PAN card Form 49AA to obtain a PAN card in India.
This is what the PAN card Form 49AA is used for, and who can apply for the card. Moving further, let's know the structure of the PAN card Form 49A and 49AA in detail.
The structure of both PAN card forms, i.e., Form 49A and 49AA, is the same. Applicants filing out the PAN application form should provide the basic information vital for the KYC process. Given below are the necessary components that individuals need to fill out in the form:
Here is what the PAN card Form 49A and 49AA includes. From the Protean website, you can download both forms. Moving ahead, let's know how to fill out these forms.
While filling out the PAN card Form 49A and 49AA, you need to follow some specific rules. Though filling out an application form may look simple, several regulations need to be followed to prevent rejection. Considering this, the following are the things you need to consider while filling out the forms:
These are some of the regulations you need to consider while filling out the PAN card Form 49A and 49AA. Moving further, let's look at the sample of both PAN card forms.
Sample of PAN Card Form 49A:
Sample of PAN Card Form 49AA:
This is how the PAN card form 49A and 49AA looks. Now, moving ahead, let's know how to apply for both PAN application forms.
There are two ways by which you can fill out the PAN card form 49A and 49AA, i.e., online and offline. Now, let's know how you can apply for a PAN card online and offline.
Here is how you can apply for the PAN card online using the following steps:
To apply for a PAN card offline, follow the below-mentioned steps:
This is how you can apply for PAN card online or offline, as per your choice. After the application submission and document verification, within 15 days, you will get your PAN card. Moving further, let's know the documents required for Forms 49A and 49AA for the PAN card.
An applicant needs to attach the following documents while filling out the PAN card Form 49A and 49AA for verification:
In India, a PAN card is a vital document for any individual with a regular income source and for all businesses to run their business smoothly. According to your application type, you can choose from the PAN card Form 49A and 49AA. Also, it becomes essential to carefully apply for the card. In case you have any confusion about the PAN card application form or about the process, contact Visament, and get your card without any issue. We have a team of experts who have years of experience in this field and provide guidance at every step of the process. So why struggle when you have the option? Connect with us today and simply apply for your PAN card.
There are two options available to fill out the PAN application form, i.e., online and offline. For online application, you can visit the NSDL or UTIITSL website, and there you can fill out the application form. After that, along with the application form, submit the requested documents and pay the application fee. For offline, download the PAN application form from the Income Tax website or the Protean website. After that, fill out the form with the correct information and gather the required documents. Courier them to your nearby PAN card center and pay the fee. Within 15 days after the application submission and document verification, you will receive your card.
The only difference between the PAN card Form 49A and 49AA is the applicants. Form 49A is for Indian citizens, entities incorporated in India, NRIs, and any other unincorporated entity. While Form 49AA is for foreign residents in India, Overseas Citizen of India (OCI), Person of Indian Origin (PIO), and companies incorporated outside India but functioning in India.
No, you cannot skip the AO code for the PAN card. This code assists you in identifying your income tax jurisdiction. The AO or Assessing Officer verifies your ITR to ensure that the income, tax, and deductions are correct or not. Additionally, each income tax jurisdiction has its 'AO code.' So, if you want to obtain a PAN card, you need an AO code.
You can apply for a Form 49A online and offline. For the online process, visit the UTIITSL or NSDL website. Then select the form time, fill out the application form, choose the mode of receiving the card, and upload the required documents. After that, pay the PAN card fee and, within the given processing time, receive your card. For the offline procedure, download the Form 49A from the Income Tax website or the Protean website. Fill out the PAN application form with correct information. After that, courier your PAN application and other requested documents to your nearby PAN center and pay the fee. Within 15 days after the document verification, you will get your PAN card.
The required documents for applying for the Form 49A include a copy of any of the following ID proof (passport, voter ID, or Aadhaar card), address proof (utility bill, electricity bill, Aadhaar card or more), and date of birth proof (birth certificate, voter ID, Aadhaar card, etc.).
For Indian residents, the PAN Card Form 49A fee is Rs 101, and for NRIs, the fee is Rs 1011, which includes the application and dispatch charges of Rs 857 and 18% GST of Rs 154.
Generally, the PAN card form 49A takes 15 days to process after the successful submission of the PAN application and document verification.
There is no difference between the NSDL and UTI PAN cards; both are used for the same purpose of identifying Indian taxpayers. The NSDL PAN refers to the PAN cards permitted by the National Securities Depository Limited, and the UTI PAN denotes the PAN card issued by the UTI Infrastructure Technology and Services Limited, another authorized PAN entity.
Well, there is nothing different between the NSDL and UTIITSL PAN card. Additionally, both are used for the same purpose. So, whether you apply from NSDL or UTIITSL does not matter, as both are good.
For owning duplicate or multiple PAN cards, a person needs to pay a fine of Rs 10,000. Under Section 272B of the Income Tax Act, the Indian government imposed this fine, which is meant to prevent owning multiple PAN cards by a person.
When you visit a website, it may store data about you using cookies and similar technologies. Cookies can be important for the basic operations of the website and for other purposes. You get the option of deactivating certain types of cookies, even so, doing that may affect your experience on the website.
It is required to permit the basic functionality of the website. You may not disable necessary cookies.
Used to provide advertising that matches you and your interests. May also be used to restrict the number of times you see an advertisement and estimate the effectiveness of an advertising campaign. The advertising networks place them after obtaining the operator’s permission.
Permits the website to recognize the choices you make (like your username, language, or the region you are in). Also provides more personalized and enhanced features. For instance, a website may inform you about the local weather reports or traffic news by storing the data about your location.
Aid the website operator to determine how the website performs, how visitors interact with the site, and whether there are any technical issues.