Quick Answer: What Is The Age Limit For PAN Card?

Can a 17 year old apply for PAN card?

Yes, individuals can apply for PAN Card for a minor child without any hassle.

Minor is a person who is below the age of 18 years.

However, the minor cannot apply for a pan card directly.

Parents, guardians or representative assessee’s of the minor can apply for PAN card..

What is minor PAN card?

A PAN card issued in the name of a minor does not contain the minor’s photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature.

Which is better NSDL or Utiitsl?

Conclusion : NSDL and UTI Both are providing online as well as offline PAN Card services in india. … Both the company take same processing time for PAN Application. But NSDL have more office and franchise in india.

Is there any age limit for PAN card?

It is a common misconception among people that Permanent Account Number (PAN) is applicable only for individuals above 18 years of age. However, the Income Tax Department has not mentioned an age limit for availing a PAN card, which means that even minors are eligible to apply for it.

Can I apply pan card under 18?

Not many are aware that a Permanent Account Number (PAN) card can be availed even for your children below 18 years. In fact, the Income Tax department allows parents or guardians to apply for a new PAN card for a minor. … According to the Income Tax Act, one of the parents or guardians can apply for a PAN card for minor.

Who is eligible for PAN card?

All Indian citizens having the source of income and valid proofs (as prescribed by the Income Tax Department) are eligible to apply for PAN card. Obtaining a PAN card or Permanent Account Number is mandatory for every tax payer or the person who needs to file an income tax return on behalf of self or others.

How do I get a pan for a minor?

Step 1: Visit the official website of NSDL, click on ‘Online PAN application’. Step 2: On the homepage click on the “New PAN for Indian Citizen (Form 49 or Form 49A)” option. Step 3: After that enter the required details (Child’s name, parent’s phone number and e-mail address, etc).

Is PAN card necessary for bank account?

PAN card is a compulsory Government document which is needed in most of the financial transactions. The Income Tax Department made it mandatory to link bank account with PAN. The main reason for linking PAN card with a bank account is that in case of income tax refunds, it will be credited easily to the bank account.

Is PAN card free of cost?

PAN allotment based on Aadhaar is free of cost. PAN pdf will be generated and issued to applicant.

Why is PAN card mandatory?

Tax Identity It also serves as an identity proof. PAN is mandatory for financial transactions such as receiving taxable salary or professional fees, sale or purchase of assets above specified limits, buy mutual funds and more. … The PAN number remains unaffected by change of address throughout India.

Can a student apply for PAN card?

PAN Card Application for Students. Both minors and adults got a right to possess a PAN card. Parents prefer to apply PAN Card for students as it works in the form of identity proof of identification card of a school.

How much does a PAN card cost?

The charges for applying for PAN is Rs. 93 (Excluding Goods and Services tax​) for Indian communication address and Rs. 864 (Excluding Goods and Services tax) for foreign communication address. Payment of application fee can be made through credit/debit card, demand draft or net-banking.