Thursday, November 1, 2007

Investments - Apply for PAN Card Online

PAN card which is now must for many financial transactions in India, including Mutual Fund investment, is expected to be made compulsory for more financial transactions. Very few NRIs are aware that PAN card can be applied online thru Internet and it can be received at foreign address. Details of one such facility offered by NSDL is enclosed.
  • Visit the following website - https://tin.tin.nsdl.com/pan/index.html
  • In the Column Named “Apply for a new PAN Card” (bottom of the screen), choose “Individual” and click on ‘Select’ box
  • An Online form for PAN is displayed, Please fill. If there are any errors, rectify them and re-submit the form and then confirm.
  • On confirmation, an acknowledgment will be displayed. The acknowledgment will contain a unique 15-digit acknowledgment number. Print and also save the same in your computer.
  • 'Individual' applicants should affix a recent colour photograph (size 3.5 cm x 2.5 cm) in the space provided in the acknowledgment. The photograph should not be stapled or clipped to the acknowledgement.
  • Signature should only be within the box provided in the acknowledgment.
  • If communication Address is outside India or any of your address as given in application is outside India, the payment can be made only by way of demand draft payable at Mumbai drawn in favour of 'NSDL - PAN' and the acknowledgment number should be mentioned on the reverse of the demand draft. Fee includes postal charges also.
  • The fee for processing PAN application is Rs.717 for foreign communication address and Rs 67 only if communication address is in India.
  • At present this facility is available for a 101 countries including – India, US, UK, Middle East (UAE, Bahrain, Kuwait, Oman, Qatar etc.). All major countries covered.
  • The acknowledgment duly signed, affixed with photograph alongwith Demand Draft, and proof of identity (name in the application should be same as in the proof of identity) & proof of address (as stated in the application) as specified in the application form is to be sent to NSDL at 'Income Tax PAN Services Unit, National Securities Depository Limited, 1st floor,Times Tower, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (W), Mumbai - 400013'.

3 comments:

Anonymous said...

I wish to apply for a pan card. But being a resident in the UAE for over 25 years, I do not have my own home in India. Would that be a problem. Can I quotre my UAE address instead. My email address is nankaney@eim.ae

I shall be highly obliged of you could help me with this information

Anonymous said...

hi,
As per the new circular from Reserve bank of india, the beneficiary of DD should have a valid account number. So, how can i draw a DD in favour of NSDL-PAN without an account number. Can you please clarify this issue

Cosmo Films Ltd said...

That is good information about the pan card processor.

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