PAN Registration

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card as given below (commonly known as PAN card).

Contact us for PAN Registration
Who should obtain PAN?

PAN is to be obtained by :

  • Every person if his total income or the total income of any other person in respect of which he is assessable during the year exceeds the maximum amount which is not chargeable to tax.
  • A charitable trust who is required to furnish return under Section 139(4A)
  • Every person who is carrying on any business or profession whose total sale, turnover, or gross receipts are or is likely to exceed five lakh rupees in any year
  • Every importer/exporter who is required to obtain Import Export code
  • Every person who is entitled to receive any sum/income after deduction of tax at source
  • Any person who is liable to pay excise duty or a producer or manufacturer of excisable goods or a registered person of a private warehouse in which excisable goods are stored and an authorized agent of such person
  • Persons who issue invoices under Rule 57AE requiring registration under Central Excise Rules, 1944
  • A person who is liable to pay the service tax and his agent
  • Persons registered under the Central Sales Tax Act or the general sales tax law of the relevant state or union territory
  • Every person who intends to enter into specified financial transactions in which quoting of PAN is mandatory
Transactions in which voting of PAN is mandatory

Following are the transactions in which quoting of PAN is mandatory by every person except the Central Government, the State Governments and the Consular Offices:

  1. Sale or purchase of a motor vehicle or vehicle other than two wheeled vehicles.
  2. Opening an account [other than a time-deposit referred at point No. 12 and a Basic Savings Bank Deposit Account] with a banking company or a co-operative bank
  3. Making an application for issue of a credit or debit card.
  4. Opening of a demat account with a depository, participant, custodian of securities or any other person with SEBI.
  5. Payment in cash of an amount exceeding Rs. 50,000 to a hotel or restaurant against bill at any one time.
  6. Payment in cash of an amount exceeding Rs. 50,000 in connection with travel to any foreign country or payment for purchase of any foreign currency at any one time.
  7. Payment of an amount exceeding Rs. 50,000 to a Mutual Fund for purchase of its units.
  8. Payment of an amount exceeding Rs. 50,000 to a company or an institution for acquiring debentures or bonds issued by it.
  9. Payment of an amount exceeding Rs. 50,000 to the Reserve Bank of India for acquiring bonds issued by it.
  10. Deposits of cash exceeding Rs. 50,000 during any one day with a banking company or a cooperative bank.
  11. Deposits of cash aggregating to more than Rs. 2,50,000 during the period of 09th November 2016 to 30th December 2016 with a banking company, cooperative bank or post office.
  12. Payment in cash for an amount exceeding Rs. 50,000 during any one day for purchase of bank drafts or pay orders or banker's cheques from a banking company or a co-operative bank.
  13. A time deposit of amount exceeding Rs. 50,000 or aggregating to more than Rs. 5 lakh during a financial year with - (i) a banking company or a co-operative bank (ii) a Post Office; (iii) a Nidhi referred to in section 406 of the Companies Act, 2013 or (iv) a non-banking financial company.
  14. Payment in cash or by way of a bank draft or pay order or banker's cheque of an amount aggregating to more than Rs. 50,000 in a financial year.for one or more pre-paid payment.