Tuesday, January 22, 2013

How to know the number and status of (permanent account number) PAN Card

I am an Non Resident Indian (NRI) based in Middle East,  I have registered with the Income tax department and they have issued me a Permanent Account Number - PAN Card.  Currently I am on vacation to India but my Pan Card is left abroad.  Can I know the number of my Pan Card?

You can know the pan card status and pan card number provided by the income tax department of India.  If you can feed your Date of Birth, Surname, Middle name and First Name you will be able to the number of you Pan Card Number. 

Visit the site of Income Tax Department 

Know your Pan Card Link

PAN - Permanent Account Number for NRI - Non Resident Indians.

A non-resident Indian (NRI) is a citizen of India holding an Indian passport and has temporarily immigrated to another country for usually six months or more for employment, residence, education or any other purpose. There are millions of NRI and have the same problems and are in the similar situation.  Quite few are very successful.  Some of them have secured the citizenship of other countries and some are in the process of securing the citizenship.  Many NRI have spent their lifetime in hope of changing their economic condition but some have changed their economic condition and some are still struggling to overcome their economic condition.  A person moves from his own country to another country for better pastures.

Whereas there are other countries, who do not offer citizenship to the foreigners, hence in spite staying for over many decades also they remain as NRI. The government of India has various schemes for NRI’s and they are for the benefit of NRI community.  NRI’s are eligible to open the following accounts in Indian banks.

Non-Resident Ordinary Rupee Account (NRO Account)

NRO accounts may be opened / maintained in the form of current, savings, recurring or fixed deposit accounts.

● Savings Account - Normally maintained for crediting legitimate income, Banks are free to determine the interest rates
● Term Deposits - Once again the banks are free to determine the interest rates. Interest rates offered by banks on NRO deposits should not be higher than those offered by them on comparable domestic rupee deposits.

B. Non-Resident (External) Rupee Account (NRE Account)

● NRE account may be in the form of savings, current, recurring or fixed deposit accounts (with maturity of minimum one year).
● NRIs may be permitted to open NRE account with their resident close relatives on ‘former or survivor ‘basis.

Permanent Account Number (PAN)

The income tax department of India issues a unique ten-digit alphanumeric number in the form of a laminated card. The pan card will help in assessing your taxation. The income tax department has authorized few agencies for issuing the PAN Card.  
It is better to have a PAN card as nowadays it is a requirement for most of the transactions or getting the benefit of taxation.  It is applied in a prescribed form known as Form 49A.




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