PAN Registration
PAN Registration
Permanent Account Number (PAN) is a 10-digit unique alphanumeric number issued by the Income Tax Department of India. It is essential for financial transactions, tax filing, and identity verification for both individuals and businesses.
📌 Who Needs PAN Registration?
✔️ Individuals (Indian & Foreign Citizens)
✔️ Businesses (Companies, LLPs, Firms, Trusts, NGOs, etc.)
✔️ Freelancers & Self-Employed Professionals
✔️ Investors in Stock Market, Mutual Funds, or Property
✔️ Foreign Companies Operating in India
🚫 Who is Exempt from PAN Registration?
❌ Agriculturists (if income is solely from agriculture)
❌ Minors (unless required for investments or inheritance)
Importance of PAN Registration
✅ Mandatory for Tax Filing – Required for filing Income Tax Returns (ITR)
✅ Essential for Financial Transactions – Needed for banking, investments, and property deals
✅ Prevents Tax Evasion – Helps track financial transactions and prevent fraud
✅ Required for Loan & Credit Card Applications – Banks require PAN for loan approvals
✅ Necessary for Business Registration – Mandatory for GST Registration and other compliance
how we help
Great Support for Funding & Compliance
Documents Required for PAN Registration
For Individuals:
📌 Aadhaar Card (Mandatory for Indian Citizens)
📌 Passport (For Foreign Nationals)
📌 Voter ID / Driving License (as identity proof)
📌 Bank Statement / Utility Bill (for address proof)
📌 Recent Passport Size Photo
For Businesses:
📌 Certificate of Incorporation (for Companies & LLPs)
📌 Partnership Deed (for Partnership Firms)
📌 GST Registration Certificate (if applicable)
📌 Board Resolution & Authorized Signatory Proof
Benefits of PAN Registration
✅ Simplifies Taxation Process – PAN is linked to all tax filings and helps avoid tax fraud
✅ Enables Business Growth – Required for business registration, GST filing, and loans
✅ Facilitates High-Value Transactions – Mandatory for buying property, stocks, and vehicles
✅ Ensures Transparency in Financial Dealings – Helps track financial activities legally
✅ Avoids Legal Penalties – Not having a PAN can lead to higher tax deductions (TDS) and fines