How to Apply for a PAN Card from Bangladesh?

The PAN card is a mandatory document in India that is used by individuals to connect with the Indian financial system. The full form of PAN is Permanent Account Number, and all of your financial transactions are tracked by this number. It can be obtained by indian residents, NRIs, HUFs, partnership firms, companies, etc., by using the official websites of NSDL Protean and UTIITSL. There are many benefits of the PAN cards that a cardholder can avail, such as lower TDS rates, DTAA benefits, and more.

Advantages of a PAN card in Bangladesh

• A PAN card is an important document to complete your taxation duties with accuracy and maintain compliance with Indian laws.
• The NRIs and foreign citizens can easily open a demat account and start trading with the help of a PAN card. 
• The NRIs/foreign citizens can open their NRO and NRE accounts in India with the help of a PAN card because they are very important to carry out financial transactions in India. A PAN card is a compulsory document that needs to be submitted.
• With a PAN card, foreign citizens/NRIs can purchase immovable assets in India very easily. If the given amount is Rs 10 lakhs or more, then you will need a PAN card.
• The directors and the partners of an Indian company should have a PAN card.
• There are many tax benefits with a PAN card, which you can avail, such as getting the benefits of DTAA and lowering the TDS rates.
• The NRIs can use PAN cards as a valid ID proof in India, because they are issued by the Income Tax Department.

How To Apply for a PAN Card from Bangladesh?

1. Select the official portal and then the right application form: You have to visit the official website to apply for a PAN card from Bangladesh, which is NSDL (National Securities Depository Limited) Protean or UTIITSL (UTI Infrastructure Technology and Services Limited), and select the “PAN-NRI/Foreign.” Then select the accurate application form as per your citizenship. 
2. Fill out the Application form: You need to fill out the application form as per your citizenship with all the necessary details, AO code of the NRIs, and the Overseas address for communication purposes. You need to fill out Form 49A for the Indian citizens/NRIs and Form 49AA for the foreign nationals.
3. Upload all the required documents: Collect and upload all the required documents for the PAN card application in the correct format.
4. Pay the fees: You have to make the payment for the required fees for the PAN card application process in Bangladesh, and click on the submit button.
5. Get your Acknowledgement number: After applying, you will receive a 15-digit acknowledgement number, which you can use later on to track the status of your PAN card application from Bangladesh.

You will receive your PAN card in Bangladesh after the verification process is completed. The approximate time period is 15-20 working days. 

PAN Card Eligibility Criteria in Bangladesh

Under Section 139A of the Income Tax Act, any individual/entity/business who is earning income in India and is liable to pay taxes is eligible to get a PAN card in India. Here is the eligibility criteria for the PAN card application in Bangladesh:

• If you are an Indian citizen with a valid Indian passport.
• If you are an OCI/PIO/foreign citizen having a business or property in India.
• If your firm/company has a taxable presence in India, then you can apply for a PAN Card in Bangladesh.

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Required Documents for PAN card application in Bangladesh

1. Application form for PAN card: It includes a valid application form for the PAN card application process. You should use Form 49A for the Indian citizens and Form 49AA for the foreign citizens.
2. Proof of Identity: For your proof of identity, the NRIs need to submit a copy of their passport.
3. Proof of Date of Birth: You need to submit proof for your date of birth, which includes documents such as a passport, a DOB certificate, etc.
4. Proof of Overseas Address: You need to submit proof of your address in a foreign country. It includes documents like utility bills, bank statements, electricity bills, a residence permit, etc.
5. Photographs: You need to submit your recently-clicked passport-sized photographs.

Who can Apply for a PAN Card in Bangladesh?

1. NRIs who have any income in India that is liable to taxation. The income heads included are capital gains, rental income, or interest/dividend income.
2. If the OCI cardholders invest in the financial assets in India.
3. If the applicants open an NRE or NRO account in India, then they can apply for a PAN card.
4. If foreign citizens or NRIs want to sell or buy property in India.
5. If the applicant invests in the mutual funds, bonds, or shares in India.

PAN Card Processing Time and Fees in Bangladesh

The processing time for the PAN card application from Bangladesh is approximately 1 to 3 weeks for the physician PAN card, and for the e-PAN card, it takes around 7 to 15 working days. You should keep in mind that the processing time can be different for the PAN card online applications because it depends on the accuracy of the application method and the documents you have uploaded.

The PAN card fees for Bangladeshi applicants depend on a few factors, including the mode of payment and the application method of the PAN card. For the physical card, the fees from Bangladesh are 1167 to 1365 Bangladeshi Taka (BDT), and for the e-PAN card is approximately 90 BDT.

Check the PAN Card Online Status in Bangladesh

1. Visit the official portal of PAN card application, that is the NSDL Protean Portal.
2. Navigate to the “Track PAN Status” pop-up on the screen.
3. Then, you need to click on the “Application Type” section and select the “PAN New/Change Request”.
4. Mention the 15-digit acknowledgement number that you were given at the time of your PAN application.
5. Then, you need to write the captcha code coming on the screen and click on the submit button.
6. Now the status of your PAN card application in Bangladesh will appear on the screen.

How Can Visament Help?

At last, we can say that a PAN card is more than just an identity proof. It is a crucial document that can help you achieve financial freedom in India. It also helps the cardholders to file the ITR in India and claim the available tax refunds. You can simply apply for the NRI PAN card by using the official NSDL Protean or UTIITSL website. In some cases, it is always better to get expert assistance to stay compliant with the Indian laws.

At Visament, we have made a team of skilled professionals with years of experience. They can easily help you with your PAN card application in Bangladesh and fill it out precisely. We also provide fast approvals on the applications at very affordable prices. We have the best quality of services that you can avail, along with being India’s trusted platform to provide PAN card assistance.