PAN Card Registration

The permanent account number (PAN) is an important identity for all income-generating individuals and entities. It acts as an identification document for the Income Tax Department to track the income of all the entities in India and also a valid ID proof for all Indian residents and (NRI) Non-Resident Indians. There is no need to renew it as it is a one-time process to get the PAN card registration number. Bizfoc has professional team members who will help you obtain a PAN Card at an affordable price.

What is PAN card Registration?

PAN cards consist of 10-digit unique alphanumeric numbers issued by the Department of Income Tax. Its main objective is to track financial transactions that may have a taxable component using a special identification key to stop tax evasion. It acts as an important document that is used for various purposes such as opening a bank account, GST registration, applying for a passport, voter ID and driving license etc. A PAN card is not just an identity card but also an essential document for filing income tax (IT) returns.

Company PAN Card Registration

The PAN card of a company represents the unique Permanent issued by the Income-tax Department. It is the most important and compulsory document for all entities in India. PAN serves as a universal identification for almost every company. Obtaining a PAN card is simple and can be done Online by visiting the official website of NSDL (National Securities Depository Limited).

Why do companies require a PAN?

PAN cards are important for companies for several reasons beyond just legal requirements. It plays a major role in the company registration process and has multiple functions:

• Filing Income Tax Return: The PAN is linked with the financial activities of the company and also streamlines the process of filing income tax returns. This also helps in regulating post-incorporation compliance requirements for companies.
• Opening a Bank Account: For opening a new bank account, a PAN card is a necessary document that needs to be submitted to comply with financial and tax regulations.
• GST Registration: GST registration is compulsory for almost all companies involved in the supply of goods and services. Obtaining a GST PAN card is an essential document.
• Company Registration: Registering a company in India requires the company to be recognized as a legal entity by the government, with the first step of incorporation being obtaining a PAN card.
• Financial Transactions: For financial transactions such as opening a bank account, receiving taxable salary or professional fees, or selling or purchasing assets, a PAN card is a mandatory document.

Which business requires a PAN Registration

Choosing the right business structure in India is essential for your company. The following types of business must apply for the PAN card online:

• Sole Proprietorship Company
• Partnership Company
• Limited Liability Partnership
• Private Limited Company
• Hindu Undivided Families

PAN Card Registration Documents

To obtain a PAN card, the applicant needs to provide a set of documents for identification such as address proof and date of birth verification. The requirement of the company PAN card depends on the entity category as each category has different kinds of requirements:

Below are the documents required to be submitted along with the PAN card application:

Individuals

• Identity Card: Aadhaar Card, Voter ID, Driving License, etc.
• Address Proof: Utility Bills, Bank Account Statements, Passports, Aadhaar Cards, Voter IDs, Driving Licenses, Domicile Certificates issued by the Government, etc.

Hindu Undivided Family (HUF)

• Submit an affidavit: Issued by the Karta
• Proof of Identity
• Proof of Address
• Date of Birth Proof

Firms/Partnerships/Limited Liability Partnerships Registered

• A copy of the Registration Certificate: Issued by the Registrar of Companies is to be submitted
• A copy of the Partnership Deed: is to be submitted

Trust Registration

• Submit a copy of the Registration Certificate Number: Issued by a Charity Commissioner

Association of Persons

• Agreement Copy.
• Registration Number Certificate.
• Charity Commissioner
• Any document issued by the Central or State Government.

Foreign Citizen

• Proof of identity such as a Copy of the PIO issued by the Government of India.
• Copy of OCI issued by the Government of India, Passport Copy, etc.
• Proof of Address can be a bank statement of the residential country, an NRE Bank statement
• Copy of VISA granted by an Indian company, registration certificate issued by FRO, etc.

Company Registration India

• A copy of the Registration Certificate issued by the Registrar of Companies

Online PAN Card Registration Process

The applicant needs to follow these straightforward steps for online company PAN card registration which are given below:

• Step 1: Visit the official website

  Visit the official website of the NSDL and choose either form 49A for Indian companies or 49AA for foreign companies from the menu bar.

• Step 2: Choose the Firm type

  Select the 'firm category' and provide the details of your company including the name, date of incorporation, and contact information.

• Step 3: Provide Company /individual Information

  Fill out the appropriate company details such as registration number, financial details, and mail address.

• Step 4: Visit the AO page

  Visit the website on the ‘AO Code Search for PAN’ page to find your AO (Assessing Officer) code.

• Step 5: Submit the documents

  Submit all the necessary documents as per the instructions. Pay the prescribed fees after uploading the documents and click on the 'Submit' option to file your application.

• Step 6: Get a Unique number

  The applicant receives a unique number and an acknowledgment pdf via email.

• Step 7: Sent acknowledgement form to NSDL

  Get the print, fill out the acknowledgment form, and send it to NSDL within 15 days with your company registration certificate.

PAN Card Registration Fees

PAN registration can be done in online mode easily by visiting the Protean e-Gov Technologies Limited website (formerly NSDL). To complete the PAN registration process, the applicant needs to pay the prescribed online PAN Card registration fees according to their business requirement, which are given below:

Time Taken for PAN Card Registration

Bizfoc has qualified and experienced team members who will fill out your PAN registration application within the same day. You will get the PAN card number within 4-5 working days after applying.

Penalties for PAN Card Registration

Every PAN Cardholder must know these penalties to avoid legal issues and financial setbacks:

• Penalty for Duplicate PAN Card: If a person holds a duplicate PAN card, the penalty can range from ₹10,000 to ₹1,00,000 depending on the severity of the violation.
• Penalty for Having Multiple PAN Cards: If any person has multiple PAN Cards, a penalty can be imposed ranging from ₹10,000 to ₹1,00,000.

Why Choose BizFoc?

Are you seeking PAN card registration for your entity? If yes then BizFoc is the best option for you as we have professional team members who will do your PAN card registration at a reasonable price. We are not only known for our reliable company registration service but also have many happy customers. Call us now to obtain your PAN card Registration number.

Conclusion

Obtaining a PAN card for the company is an essential step as it provides unique identification for income tax purposes and is used as an identity proof for various registrations. With PAN card registration is used for IT return filing, claiming Income Tax refunds, and Tax deductions. PAN registration is a simple and easy process that can be done through the online NSDL portal. Get in touch with us for PAN registration for individual and private limited companies in India.

Frequently Asked Questions