Why you
should have PAN Card??
Becuase:
- It works as
identification proof.
- Now a days
it is manadatory for financial transactios etc and in more particularly in the
followings
- opening Bank
account,
- for foreign
travel,
-for dealing/
investment in shares, securities etc;
- Operating
demat accounts
- Deposit of
Rs 50,000 and above in the banks
- Sale or
purchase of motor vehicles, excluding two wheelers
- Sale or
purchase of immovable properties valued at Rs 5 lakhs and above
- Applying for
a new telephone connection (landline or mobile)
- Payment of
Rs 25,000 or more against hotel bills
- You can
check whether the taxes paid by you are updated in the database of the Income
Tax Department
- You can also
check about the status of TDS (Tax deducted at source) reaching to your account
Is it
necessary to file Income Tax return if you have PAN?
Not necessary.
Just because you have PAN, it is not necessary to file Income Tax Return.
Income Tax Return needs to be filed only when you have taxable income or you
need to claim refund of tax deducted by your employer etc. However, you need
PAN to file an Income Tax Return.
How to get
PAN?
You need to
submit your details in Form No. 49A to PAN Facilitation centers,
You may also
apply for PAN online through UTIISL's web sitehttp://www.utiisl.co.in/pan/ or NSDL's web sitehttp://tin.nsdl.com/.
It will
normally take about 2 to 3 weeks to get your PAN card delivered at your
doorstep.
If you need a
PAN card urgently, you may also get Tatkal PAN by applying online using your
credit card. You will get your PAN on priority basis and the same will be
communicated to you through email.
The fees
payable is only Rs 60 plus service tax, totaling Rs 67.