What is PAN Card Application? What is the Role of PQSmitra in it?
PAN (Permanent Account Number) is an electronic system/format through which all tax-related information of a person/company is recorded against a single PAN number. PAN is a primary key for the storage of information and is shared across the country & all taxpayers are required to have PAN Card in order to pay their taxes.
PAN Card contains information such as an identity, age proof, and also complies with KYC (Know Your Customer) Guidelines. It has become the most essential document for financial transactions such as buying property, trading on stock markets, etc.
Whenever a person is looking to buy a property, invest in stocks or convert Indian rupees into foreign currency then, PAN Card issued by the income tax department will be the most important document that will be required for the above activities to process easily.
PQSmitra offers PAN Card Application Services where our experts exactly know the process and what details, documents are required to successfully achieve the PAN Card.
Who can apply for PAN Card Application?
Indian citizens who are residents of the country, NRI (Non-Resident Indians), OCI (Overseas Citizen of India) cardholders, PIO’s (Person of Indian Origin) as well as foreigners who come under the purview of Income Tax Act 1961 should apply for PAN Card
Any individuals, companies, non-residents Indians, or anyone who pays taxes in India
Benefits of PAN Card
- Valid identity proof
- IT Returns filing
- Tax deductions
- Can claim an income tax refund
- Due to Tax Registration Number (TRN), one can start a new Business
- Open a bank account
- Open a Demat account
- Purchase & Sale of Immovable Assets
- Enquiry Form (where all your information will be taken for the form filling process/Basic Registration)
- Important Documents will be taken for the process to be fulfilled.
- PAN Card will be delivered to you.