A Guide to Change Your PAN Card Status to NRI

If you are planning to settle abroad soon, this blog can be very useful for you. For work purposes or to settle, many Indian citizens are going abroad. One of the most important administrative tasks for them is updating their PAN card status to NRI. Most of the time, they don't update their residential status, which can cause many penalties and tax compliance issues. 

In this guide, we have explained the importance of changing your PAN card status after being an NRI. We have provided two different methods to change PAN card status and the common problems you might face, along with their solutions. 

Why is Updating Your PAN Card Status Important?

It is very important to update the PAN card status because it is not just a bureaucratic formality. It has many significant implications, such as for:

• Financial Transactions
• Legal Documentation
• Tax Compliance
• Avoiding potential legal complications

Legal and Financial Implications

• There could be potential tax disputes.
• Misclassification of your Income.
• There is a risk of substantial notices of penalty.
• There can be complications in financial dealings internationally.

Methods to Change PAN Card Status to NRI 

There are two methods that you can use to change the PAN Card status to NRI status:

Method 1: Update online using the Income Tax Portal

Prerequisites

• An active connection to the Internet
• Your updated personal Information
• Your registered account on the Income Tax Department Portal
• Scanned copies of all the required documents

Step-by-Step Process

1. Visit the official Incoem Tax Portal Online

• Go to the official website of the Income Tax Department
• You need to make sure that you are using the official government portal

2. Login Credentials

• You have to enter your User ID (usually your Permanent Account Number) 
• Enter your password
• If you don't remember your password, use the online reset mechanism

3. For First-time Users

• Create a login account for yourself, specifically for NRI status
• Follow the registration process mentioned on the website
• Keep all your documents ready for verification

4. Profile Updation

• Select the option "My Profile" from the dashboard.
• Click on "Edit"
• Then, you can easily update your residential status to "Non-Resident"

Method 2: Raising a Grievance

For Complicated scenarios, which involve:

• PAN and Aadhaar discrepancies
• Overseas Citizen of India (OCI) cardholders
• Issues in the direct change of PAN status due to technical difficulties

Steps for Grievance Submission 

• Log in to the Portal of the Income Tax Department
• Go to the Grievance section
• Upload all the necessary documents 
• Mention the reason for changing the residential status clearly

Necessary Documents

• Valid passport with Foreign/NRI address proof
• Valid visa/ work permit
• Proof of your foreign address
• OCI Card ( if applied)
• Documents for relevant income and tax 

Common Challenges and Their Solutions

Here are a few of the common challenges that you might face while updating your PAN card status, and their preventive measures you can take: 

Potential Challenges

• Technical Glitches on the online portal 
• Incomplete Documents provided
• Delays in Verification

Proactive Measures

• You should maintain accurate and updated records.
• Keep the digital copies ready for all your important documents. 
• Regularly follow up on the status of your application.

Why Choose Visament?

Updating the PAN Card status to NRI is a very crucial step for them, as it ensures smooth tax and financial compliance. The process can be a little complicated, but if you follow the steps provided in this blog, you can successfully change your PAN status. But, if you have any doubt about this, then you must seek the advice from the experts who have in-depth knowledge about NRI taxation. Visament is one such trusted online platform where you can find many professionals with years of experience. 

These experts can help you change your PAN Card Status to NRI. Our services are quite affordable, and you can avail them from the comfort of your home. You can also get 24/7 customer assistance from our website.