#FinancialBytes: How NRIs can apply for PAN card in India
PAN facilitates instrumental financial transactions such as tax payments, entering certain financial contracts, making larger cash deposits, applying for credit/debit cards, filing I-T returns, among others.
It also serves as a government-verified proof of identity.
Here's how NRIs can apply for PAN in India.
When and why would an NRI require PAN card?
A non-residential Indian would have to apply for PAN card in India, if they earn taxable income in India, or desire to invest/trade in shares and mutual funds in India, or decide to buy some land or property in India, for purpose other than trading.
Step-by-step guide for NRIs to apply for PAN card
First off, log on to the online PAN application page on the NSDL portal.
Now, if the applicant resides abroad, but is still an Indian citizen, then Form 49A must be selected.
In case, the applicant is now a foreign citizen, then Form 49AA must be chosen.
Fill out the necessary details, and click on 'Submit' button.
After submission, an acknowledgement slip containing a 15-digit acknowledgement number will be issued to you.
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Take a printout of the acknowledgement slip.
Attach necessary documents, viz. an identity proof (DL/Aadhaar card/Voter ID card etc.), an address proof (Passport/Bank account statement etc.), 2 recent passport-size photographs, and the demand draft (if it is the preferred payment mode).
Duly attest these documents and mail to: Income Tax PAN Services Unit, National Securities Depository Limited, 3rd floor, Sapphire Chambers, Near Baner Telephone Exchange, Baner, Pune-411045.
Baner Telephone Exchange
Income Tax Department
Income Tax PAN Services Unit
National Securities Depository Limited
Near Baner Telephone Exchange
Permanent Account Number
Most asked questions
Do all NRIs require PAN card?
Askedby Aanya Jain
Which form is applicable for PAN card application for NRIs?
Askedby Devansh Sharma
What is the fee for PAN card application for NRIs?
Askedby Anika Saxena
Is it mandatory to link PAN and Aadhaar?
Askedby Harini Tata