Permanent Account Number (PAN)

PAN is a UNIQUE 10-digit alpha numeric number allotted by the Income Tax Department (ITD). The ITD has duly appointed and authorized below 2 service providers for processing, issuance and printing of PAN cards:-

1. UTI Infrastructure Technology And Services Limited (UTIITSL),

2. NSDL e-Governance Infrastructure Limited (NSDL e-Gov)

In order to obtain a PAN in India, one needs to fill and submit the requisite application depending upon citizenship. The PAN allotted to a person shall be PERMANENT and will not change with update of details (i.e. name, address, etc.) of the PAN holder or change of PAN Jurisdictional Officer. Further, PAN shall be issued and provided to the person in 2 different forms:-

    • Laminated PAN card (a physical copy delivered at the address), and
    • e-PAN card (shared on the registered email ID)

Transactions where PAN is to be quoted

PAN is required for executing many transactions in India. Below are some of the transactions where quoting of PAN is mandatory -

    • For opening of Bank account
    • Opening of Demat Account with a depository
    • For investing in securities i.e. Initial Public Offers, Portfolio Investment Schemes and Portfolio Management Schemes, Mutual Funds
    • For Sale or purchase of immovable property
    • Filing of Income Tax Return, payment of tax
    • ALL other transactions as specified in Rule 114B. Please click on link to access the rules: //

Documents to be provided as Identity and Address proof

Applicant is required to provide any of the below documents, basis his/ her citizenship and delivery of PAN:



Indian Citizen

Foreign Citizen


delivery of PAN within India

delivery of PAN outside India

delivery of PAN within India

delivery of PAN outside India

Identity proof

Ø  Aadhaar card (mandatory)

Ø  Aadhaar card;

Ø  Elector’s card;

Ø  Passport.

Ø  Passport


Ø  Passport


Address proof

Ø  Aadhaar card;

Ø  Elector’s card;

Ø  Passport;

Ø  Bank statement (of recent month)

Ø  NRE/ Foreign Bank account statement

(of recent month)

Ø  Aadhaar Card (if available)

Ø  NRO/ NRE Bank account statement reflecting Indian Address (of recent month)

Ø  Appoint Representative Assessee and take delivery of PAN card at his/ her address


Ø  NRE/ Foreign Bank account statement (of recent month)


Why NRI should hold PAN?


1.    It is advisable for NRIs to hold PAN in India and to quote the same with the payer of income in order to avoid deduction of tax at higher of the following rates:-

·         20%; or

·         Rates specified in relevant provision of the Act; or

·         Rates in force [i.e. rates mentioned in the Finance Act or rates as per DTAA (Double Taxation Avoidance Agreement)]


2.    Further, one can claim refund of the tax deducted by the payer by filing their Return of Income (ROI) in India for the relevant Financial Year (FY). To file ROI in India, PAN of the individual is to be registered on the Income Tax e-filing website.


3.    Alternatively, there is relaxation provided by the Income Tax Department wherein an individual can provide details to payer of income and avoid higher deduction of tax.

Why PAN becomes Inoperative?

PAN status of NRI is showing as inoperative on account of non-linking of Aadhaar with PAN. However, as you may be aware, NRIs are not required to obtain Aadhaar and/or link it with their PAN. Accordingly, it is important to inform your NRI status to the Tax Department


What causes Restricted Refund issue on e-filing Portal?

You may note the Restricted Refund issue arises due to the Name mismatch between PAN and Bak records. It is advisable to synchronize all the documents (such as passport, bank statement, PAN card etc.) i.e., the name should match on all documents.

We provide services for PAN Application, PAN correction/ Duplicate. For any assistance / information on PAN related matters, you may write to:


Updated 09/2023