PAN Card for NRIs in India

What is a PAN card?

• It is a 10-character alphanumeric identifier which is issued by the Indian Income Tax Department to a person who applies for it or to whom it is allotted by the department without application. They are issued under Section 139 A of the Income Tax Act.
• It is necessary for filing income tax returns.

Pan Card for NRIs – When required?

• If the NRI has taxable income in India.
• If the NRI intends to do any share trading by depository or broker or invest in mutual funds.
• If the NRI wants to purchase land or some other property in India.

Necessary documents

• Two passport size photographs complying with the rules of the IT Dept., India.
• A copy of Indian Passport
• Overseas residence proof
• Overseas Bank Statement

How to go about the procedure?

• Visit the official website of TIN-NSDL: https://tin.tin.nsdl.com/pan/
• NRIs need to fill the Form 49 A since they are Indian citizens. Only for foreigners or companies based outside India Form 49 AA has to be filled.
• After filling in the form, save and take a printout of the acknowledgement receipt.
• Post this, paste two passport size photographs in the acknowledgement space.
• Put your signature in the designated box.
• Attach all the required documents along with the application. The list of valid documents can be found at the last page of the form.
• Payment can be done through net banking, credit card, cheque or DD.
• Fees: INR 107 (if the communication address is within India), INR 909 (if the communication address is outside India).
• The PAN Card is dispatched to the address mentioned on the form within a period of 21 working days after the acknowledgement is received by NSDL.