A PAN card for a minor is issued the same way as a PAN card for an adult, but a few additional steps need to be followed. Read more!
Overview
A PAN card (Permanent Account Number card) is a unique identification card issued by the Income Tax Department of India to individuals and entities to track financial transactions. In India, PAN cards are mandatory for various financial transactions, such as opening a bank account, filing tax returns, and purchasing a property.
Minors (individuals below 18) can also apply for a PAN card in India. A PAN card for a minor is linked to the PAN card of the parent or guardian, and the parent or guardian is responsible for managing the minor’s financial transactions.
Documents for the PAN Card for Minors Online
To apply for a PAN card online for a minor in India; you will need to provide the following documents:
- Proof of identity: You will need to provide a copy of a government-issued identity document such as a birth certificate or school ID card as proof of identity for the minor.
- Proof of address: You will need to provide a copy of a government-issued document such as a ration card, voter ID, or passport as proof of address for the minor.
- Proof of birth: You will need to provide a copy of a government-issued document, such as a birth certificate or school ID card, as proof of the minor’s date of birth.
- Parent or guardian’s PAN card: The parent or guardian of the minor will need to provide their PAN card information as part of the application process. You will need to provide a copy of the parent or guardian’s PAN card and their PAN card number.
It’s important to note that the documents required for a PAN card for a minor may vary depending on the specific circumstances of the minor and the requirements of the Income Tax Department of India. It’s a good idea to check with the Income Tax Department to ensure you have all the necessary documents before you begin the application process.
Application for a PAN Card for Minors Online
Minors (individuals below the age of 18) in India can apply for a PAN card online through the website of the Income Tax Department of India. Here is a step-by-step guide to the online application process for a PAN card for a minor:
- Go to the Income Tax Department of India website: You can access the website by visiting the Government site.
- Click on the “Apply for New PAN” link: This link can be found on the website’s homepage under the “Quick Links” section.
- PAN card application online
- Select the “Minor” category: When you click on the “Apply for New PAN” link, you will be redirected to a page where you need to select the category of applicant. Select the “Minor” category.
- Fill out the application form: You will need to fill out the application form with the minor’s required personal and contact information. You will also need to upload supporting documents such as proof of identity, address, and date of birth.
- PAN card Personal Details form
- Pay the application fee: The application fee for a PAN card for a minor is ₹105 (if you apply online) or ₹107 (if you apply through a TIN-Facilitation Center). You can pay the fee using a credit card, debit card, or net banking.
- Apply: Once you have completed the application form and paid the fee, you can apply online.
It’s important to note that the parent or guardian of the minor will need to provide their PAN card information as part of the application process. The parent or guardian will also need
Why is a PAN Card for Minors Necessary?
A PAN card (Permanent Account Number card) is a unique identification card issued by the Income Tax Department of India to individuals and entities to track financial transactions. In India, PAN cards are mandatory for various financial transactions, such as opening a bank account, filing tax returns, and purchasing a property.
A PAN card for a minor is an important document that can be used for various financial transactions in India. It is a good idea to apply for a PAN card for a minor as soon as possible to ensure that the minor has a unique identification number for financial purposes.
Here Are Some Reasons Why a Pan Card for a Minor Is Essential
- Financial transactions: A PAN card is required for various financial transactions in India, and a PAN card for a minor can be used for these transactions. For example, the minor may need a PAN card to open a bank account, file tax returns, or purchase the property.
- Proof of identity: A PAN card serves as proof of identity for the minor and can be used for various purposes, such as applying for a passport or enrolling in school.
- Management of finances: A PAN card for a minor is linked to the PAN card of the parent or guardian, and the parent or guardian is responsible for managing the minor’s financial transactions. A PAN card for a minor can track the minor’s financial transactions and ensure they are being managed responsibly.
Overall, a PAN card for a minor is an important document that can be used for various financial transactions in India. It is a good idea to apply for a PAN card for a minor as soon as possible to ensure that the minor has a unique identification number for financial purposes.
Financial Transaction With PAN Card for Minors in India
Here are some examples of financial transactions that a minor may be able to engage in with a PAN card in India:
- Opening a bank account: A PAN card is required to open a bank account in India. A minor with a PAN card can open a savings or current account in their name.
- Filing tax returns: A PAN card is required to file tax returns in India. A minor with a PAN card can file tax returns if they have income from sources such as interest on investments or rental income.
- Purchasing property: A PAN card is required to purchase property in India. A minor with a PAN card may be able to purchase property with the help of a parent or guardian.
- Investing in securities: A PAN card is required to invest in securities such as stocks and mutual funds in India. A minor with a PAN card may be able to invest in securities with the help of a parent or guardian.
- Applying for a passport: A PAN card is required to apply for a passport in India. A minor with a PAN card can use it as proof of identity when applying for a passport.
Conclusion
Overall, a PAN card for a minor is an important document that can be used for various financial transactions in India. It is a good idea to apply for a PAN card for a minor as soon as possible to ensure that the minor has a unique identification number for financial purposes pan
You can contact the experts of Vakilsearch for any further information about PAN card for a minor. We can also help you to apply for a PAN card for a minor.
