PAN Card in India (for NRIs in US)

[varunsharma960]

I am an NRI resident in the US. I have some land and house in India. To buy or sell land, and to operate bank/credit-card account in India, and to buy/sell stocks in India (including DEMAT), they ask for the PAN Card (personal account number).

What are the implications of applying for PAN in India?

If I apply for and get a PAN card, am I required to file income taxes in India (in addition to the US)?

PAN Card is an all India Permanent Account Number issued by the Income Tax Department of India under the supervision of the Central Board of Direct Taxes (CBDT). It is issued to all identifiable juristic entities under the Income Tax Act, 1961. Its primary purpose is to keep a track of all the monetary transaction of high-net-worth individuals (HNWI).

PAN is an universal identification for all financial transactions above specified limits. It is a 10-character alphanumeric identifier which is unique for every individual, hence also serves as an important identification proof. It is valid for life-time of the PAN holder. As its not a nationality proof, it iss not affected by the change of address.

Why Do NRIs Need PAN Card?


If you are an NRI, it is mandatory for you to possess a PAN card if you make any financial transaction in India that are listed below:

• Receive income in India in the form of salary or professional fees, which is taxable.
• Opening a bank account.
• Opening demat account.
• Applying for issue of credit card or debit card.
• Investing in Mutual Funds.
• Sell or purchase property or assets.
• Applying for a loan
• Applying for a passport or visa
• Applying Foreign remittance
• Deposit or withdraw with bank exceeding Rs. 50,000.
• As per SEBI, PAN card is required to trade in Indian stock market.

How to Apply for PAN CARD?


One can apply for PAN by submitting the prescribed PAN application to the authorized PAN agency of the district or through online submission to NSDL along with 2 face-photos, ID proof, address proof and fee. In case of Re-print (re-issue), a photocopy of the old PAN is also required.

• Application for PAN card is to be made along with the Form 49AA which you can submit online as well as via post. Link to Form 49AA - https://tin.tin.nsdl.com/pan/form49AA.html
• After submitting the form online, you will receive a unique 15-digit acknowledgement number for future reference of your application submitted.
• After the form is submitted take the print out and attach two passport size photographs in the space provided in the acknowledgement. Sign the acknowledgement, this signature will be used as your identification for future transaction against your PAN card.
• Attach the necessary documents (i) proof of identity (ii) proof of address (iii) 2 color passport photographs with white background and send the filled in acknowledgment form to the following address -
  Income Tax PAN Services Unit, NSDL e-Governance Infrastructure Limited, 5th floor, Mantri Sterling, Plot No. 341, Survey No. 997/8, Model Colony, Near Deep Bungalow Chowk, Pune 411016

Super scribe the envelope with
'APPLICATION FOR PAN - Acknowledgement Number'
(e.g. 'APPLICATION FOR PAN - 881010100000097').


What is the Fee for Applying PAN Card?


PAN application processing fee for Form 49AA is 105.00 INR . If the address is outside India the fee is 971.00 INR. Payment can be done via check, demand draft, credit/debit card or net banking

Application Processing Time: It takes about one month to receive the card and is sent by registered India Post. Within 15 working days of receiving your coupon number, the actual card will be delivered to your address., depending on the country you reside in.

Points to remember while filling Form 49AA -

1. AO Code is the International Taxation Directorate that is applicable.
2. A foreign address can be filled in if the applicant does not have any Indian address of their own. Additional courier charges are applicable in this case.

For any help call on pan card customer contact

[ARBAGCHI]

I am in a similar boat right now. My PAN Card is without my middle name while my bank a/cs are with Middle name (PAN Card issued in 1990s when I used to be in India). Therefore I can't authenticate my IT Return now (I did till last year through netbanking) with the new IT Deptt website checking and finding that name in bank different with PAN. I therefore need to add my middle name in PAN... simple process: just apply with documents to NSDL.

But... I now live in USA, an US citizen and No Aadhaar or India mobile number (have not been to India for several years). I can't apply online in nsdl as it is only for Aadhaar holders.

Change of details is a simple process, but applying for it without Aadhaar is soooo difficult. I plan to try "offline" or paper application and see if that works. But I am not sure how it will go since all of my details since 1990s have changed... address, phone, email id, citizenship: everything.

f anyone has navigated this already, will appreciate sharing their experience.

[thelonestar]

I know this is an old thread and probably rules have changed since this thread originally started...but I have a PAN number and misplaced my PAN card and was trying to request for a new PAN card. I went to the TIN-NSDL web site. Tried going through various sites for eg:, to follow the instructions. Last I was in India was in 2017 and have never applied for an AADHAAR card where the rules changed in 2019 where you didn't have to be a resident to apply for an AADHAAR. Now my issue is that to request for a lost PAN card, the TIN-NSDL site is mandating AADHAAR. And to get AADHAAR, I need to be in India. Has anyone else been in this situation and help me to know if there is any other alternative to request for a replacement PAN card while being in the US? Thanks in advance.

[Pranalisharma]

PAN Card in India (for NRIs in US)

Hello, It is possible to apply for PAN Card in India for NRI, Form NRIs who are Indian citizens have to apply for a PAN by filling Form 49A, while NRIs with citizenship of another country need to fill up Form 49AA. These forms can be accessed, filled and submitted online through the websites of UTIITSL and NSDL. On submitting the form, an acknowledgement copy with a 15 digit number is generated, which needs to be sent to the designated address along with other documents. Fees is Rs 989.

[PanVerification]

Pan Card Verification

I am secretary of a Society registered under SRA
I want to know which ITR Form should i fill for Income tax return for our Society. Is it will be ITR-7 As status- Association of Person (Trust)/ or only Association of Person and Society’s
Thanks I awaiting for your valuable advice

[Jitendra Biket]

PAN Card in India (for NRIs in US)

A Permanent Account Number (PAN) is one of the most important documents in the country today. It is an identification number which the Income Tax Department gives to all taxpayers.
You need to quote the PAN for all financial transactions like opening a bank account, buying a property of a car, buying or selling shares or mutual funds, applying for a visa/passport, making payment of income tax or filing your tax return, applying for a bank loan, etc.

Non-resident individuals and organisations need to have a Permanent Account Number (PAN) number if they receive an income and need to file returns in India. PAN is issued by the Income Tax (IT) Department to all assessees and quoting of PAN is compulsory in all returns filed with the IT department.The PAN number comprises of ten alphanumeric characters and is issued in the form of a laminated card. A PAN card is required for both resident as well as non-resident assesses.

[PanVerification]

A Permanent Account Number (PAN) is one of the most important documents in the country today. It is an identification number which the Income Tax Department gives to all taxpayers.
You need to quote the PAN for all financial transactions like opening a bank account, buying a property of a car, buying or selling shares or mutual funds, applying for a visa/passport, making payment of income tax or filing your tax return, applying for a bank loan, etc.

[gagangoel]

As per the information given there PAN Card Number always stays the same for life. Consider it to be like your Social Security Number. Such numbers are issued for life. So there is no need to apply for a NEW Pan Card.

@Nakamu: Do you have a source of this information to verify it?

[nakamu]

Do I need to update PAN card on getting US citizenship....

Hi,
I got my PAN card when I was a Indian Citizen. Now, I have US Citizenship. Do I need to update PAN card with this change? Also, do I need to update all bank accounts (NRI accounts, regular checking accounts, etc.) with the change?
Thank you.
Nagaraj

As per the information given there PAN Card Number always stays the same for life. Consider it to be like your Social Security Number. Such numbers are issued for life. So there is no need to apply for a NEW Pan Card.

[snkumar73]

Do you need to submit any form related to PAN after getting other country citizenship

If you apply for a PAN card as an Indian citizen and subsequently acquire US citizenship, do you have to update your PAN card information with your new citizenship status or is no update required? Has anyone been through this process as described above?

I am in the same situation. Did anybody find answer for this?

[cricketfan]

PAN Card

If you apply for a PAN card as an Indian citizen and subsequently acquire US citizenship, do you have to update your PAN card information with your new citizenship status or is no update required? Has anyone been through this process as described above?

[Nishant]

Whether PAN or not, interest received in India is taxable in US

There is an error in previous post which mentions that if tax on Indian income is paid in India, you donot have to pay tax in US.

A person which is US resident for tax purpose ( Anyone who meets substantial presence test or USC or GC holder) is required to declare world income on US return 1040. This includes US citizen who are living outside US as well as persons who are not green card holders but who are in US on work visa.

For example, there is no tax in India for income below INR 160,000. However if a US resident earns INR 4500 as Interest then s/he has to add equivalent $ 100 to US income and pay additional tax based on marginal tax rate whether say 28 % or 25 % as the rate may be.

If the person has already paid 10 % tax in India, then credit for tax paid is available but still he has to pay balance tax to IRS

[tnagaraj]

PAN card (as Indian Citizen) - Now got US Citizenship

Hi,
I got my PAN card when I was a Indian Citizen. Now, I have US Citizenship. Do I need to update PAN card with this change? Also, do I need to update all bank accounts (NRI accounts, regular checking accounts, etc.) with the change?
Thank you.
Nagaraj

[gauravmaheshwari]

an us citizen can get pan card for his refund of tds deducted in india while working in india

[gauravmaheshwari]

QUOTE=ravi1985;103523]I am an NRI resident in the US. I have some land and house in

my brother is us citizen & working in india as us citizen in america company ,he is getting salary in india & company is asking for PAN CARD. company is deducting TDS .how he can get his refund he dont have Pan no .as he is US citizen & depositing tax in USA

Regards


Gaurav Maheshwari