What is PAN?
PAN is the type of computer-based system which assigns a unique identification number to a taxpaying entity in India. PAN is shared across the country and hence no two people on tax paying entities can have the same PAN. PAN Card is issued to individuals, companies, non-resident Indians or anyone who pays taxes in India. The PAN is Valid for lifetime.
Types of PAN
- Individual
- HUF-Hindu undivided family
- Company
- Firms/Partnerships
- Trusts
- Society
- Foreigners
Documents for PAN
PAN requires two types of documents. Proof of address (POA) and Proof of Identity (POI). Any two of the following documents should meet the criteria
| Individual Applicant | POI/ POA- Aadhaar, Passport, Voter ID, Driving Licence |
| Hindu Undivided Family | An affidavit of the HUF issued by the head of HUF along with POI/POA details |
| Company registered in India | Certificate of Registration issued by Registrar of Companies |
| Firms/ Partnership (LLP) | Certificate of Registration issued by the Registrar of Firms/ Limited Liability Partnerships and Partnership Deed. |
| Trust | Copy of Trust Deed or a copy of the Certificate of Registration Number issued by a Charity Commissioner. |
| Society | Certificate of Registration Number from Registrar of Co-operative Society or Charity Commissioner |
| Foreigners |
PassportPIO/ OCI card issued by the Indian Government Bank statement of the residential country Copy of NRE bank statement in India |