PAN Card for NRI

Last Updated at: Jan 06, 2021
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PAN Card for NRI

The Permanent Account Number helps eligible taxpayers file their IT returns and make high-value transactions. It is a unique 10-digit alphanumeric code that the Indian Income Tax Department allots under the Central Board of Direct Taxes’ supervision. Additionally, the PAN card acts as a valid identity proof in India. All individuals who wish to file their ITR or carry out a high-value financial transaction of any sort must furnish their PAN details. In this article, we will take a look at how NRI can apply for a PAN card and why they have to do so.

Why does an NRI Need a Pan Card?

An NRI will need to register or apply for a PAN card mandatorily if they wish to carry out the following activities;

  • Earns taxable or chargeable income in India.
  • Wants to buy or sell shares via a broker or depository 
  • Wishes to invest in Mutual Funds in any manner
  • Wants to buy land or any other type of immovable property in India

get PAN for NRI’s

What is the process by which an NRI can apply for a PAN card in India?

  1. First and foremost, the applicant will have to go to the NSDL website via this link.
  2. NRIs with Indian citizenship will have to opt for Form 49A whereas those with foreign citizenship can file Form 49AA. However, in the latter case, a depository participant must file the form through a qualified financial investor.
  3. Individuals who have Indian citizenship but have settled abroad can file Form 49A. All other applicants, including OCIs, POIs and foreigners who do not have an Indian origin must opt for Form 49AA.
  4. Applicants must go through and fill the form with all the required information.
  5. After filing the application, the screen will feature a preview using which applicants can cross-check and verify the details they have provided. In case of errors, they can make the required edits and re-submit.
  6. Applicants will now have to pay the required processing fees via net banking, credit or debit card or demand draft payable to the NSDL-PAN. The fees will amount to INR 110 if the communication address listed is in India and INR 1020 if the place listed is in a foreign country. Currently, the government does not accept payments through foreign credit cards.
  7. On successful submission, the system will generate an online acknowledgement receipt that contains a unique 15-digit number. This acknowledgement number will help applicants track the status of their PAN card application online.
  8. Take a print out of this slip, affix two recent passport size photographs in the space provided and sign using black ink or provide your left-thumb impression for authorisation.
  9. Next, applicants must attach all the necessary supporting documents, including their proof of identity and address. They must then send this to the NSDL office, which is as follows;

Income Tax PAN Services Unit,

National Securities Depository Limited,

3rd floor, Sapphire Chambers,

Near Baner Telephone Exchange, 

Baner, Pune – 411045

  1. Applicants must label the envelope with the documents as APPLICATION FOR PAN – <<15-digit Acknowledgement Number>>. This envelope must reach the NSDL office at least 15 days after the applicant has filed the application online. Applications from those who have opted for the DD option will only be processed after realisation of payment.

Contact Details of the PAN Office;

Telephone number: 020-27218080

FAX number : 020-27218081

Email: tininfo@nsdl.co.in

Documents Required for PAN Card Application by NRIs

Identification proof:

  1. Aadhaar card
  2. Driving license
  3. Voter ID 

Address proof:

  1. Passport
  2. Bank account statement from the resident country
  3. Self-attested NRE Bank account statement of the last six months

Two recent coloured photographs with either a black or white background

Demand draft copy if the payment mode selected is DD

What to keep in mind while Filling an Online Application

  1. Make sure the application is filled using a black ink using clear and legible Block letters.
  2. The signatures must be done only in the field provided for the same and not across the photograph affixed on the form.
  3. Applicants must ensure that they provide the correct AO code on the form after checking for the same on the NSDL website. 
  4. When providing a Proof of Identity and Address, the applicant must ensure that they match the details provided in the application.
  5. When a minor person applies, they may use the proof of identity and address must be deposited by a valid representative.
  6. The applicant must ensure that they do not overwrite or try to make corrections that make the form illegible. 
  7. The photograph must be attached via a glue stick to the application and must not be pinned or stapled to it.
  8. While signing the application, the applicant must not mention the date or place underneath their signatures.
  9. Applicants must make sure they don’t mention their husband’s name under the father’s name.
  10. Lastly, applicants who already have a valid PAN card must not apply for another one as it is illegal to hold two valid PAN cards.