CBDT Notifies new PAN Application Form
RULE 114 of the Income Tax Rules, 1962 has been amended and a new PAN application form has been prescribed.
The following categories of applicants have to file the application in the new Form 49A notified.
++ Individual who is a citizen of India
++ Hindu undivided family
++ Company registered in India
++ Firm (including Limited Liability Partnership formed or registered in India
++ Association of persons(Trusts) formed or registered in India
++ Association of persons (other than Trusts) or body of individuals or local authority or artificial juridical person formed or registered in India
The following categories of applicants have to file the application in the new Form 49AA. This form is missing from the Notification.
++ Individuals not being a citizen of India
++ LLP registered outside India
++ Company registered outside India
++ Firm formed or registered outside India
++ Association of persons(Trusts) formed outside India
++ Association of persons (other than Trusts) or body of individuals or local authority or artificial juridical person formed or any other entity (by whatever name called) registered outside India
Those already allotted a ten digit alphanumeric PAN shall not apply again as having or using more than one PAN is illegal.
Highlights in the new Form:
++ Form to be filled in Black Ink preferably.
++ Two recent colour photographs to be affixed instead of One for Individual applicants.
++ Signature/Left Hand thumb impression should be provided across the photo affixed on the left side of the form.
++ Signature /Left hand thumb impression should be within the box provided on the right side of the form. The signature should not be on the photograph affixed on right side of the form.
++ Abbreviations should not be used in First Name and Last Name.
++ The full name as mentioned in the application will be printed on the PAN Card.
++ Trusts for Date of Creation of Trust Deed also added in the field of Date of Birth/Incorporation/Agreement/Partnership or trust Deed/Formation of Body of Individuals/Association of Persons.
++ In case, a foreign address is provided then it is mandatory to provide Country Name along with ZIPCODE.
++ Telephone Number/ Mobile Number is required. Country Code is to be filled along with STD Code. 91 is Country Code for India.
++ Application Status updates are sent using the SMS facility on the Mobile Numbers mentioned in the Application Form.
++ In case of 'Limited Liability Partnership', the PAN will be allotted in "Partnership Firm" status.
++ It is mandatory to indicate at least one of source of incomes, as mentioned in the form. In case, the income from Business/Profession is selected by the applicant then an appropriate business profession code should be mentioned.
++ KYC Details:- It is mandatory to provide KYC details. Refer the guidelines issued by SEBI and Prevention of Money Laundering Act for filling these details.
++ Applicants may obtain the application form for PAN (Form 49AA) from TIN-Facilitation Centres (TIN-FCs) / PAN Centres, Depository Participants (DP), any other stationery vendor providing such forms or download from the TIN website http://www.tin-nsdl.com. This duly filled Form 49AA along with the prescribed documents is required to be submitted to the DP.
CBDT Notification No. 56/2011, Dated: October 17, 2011