Q&A

Can a 12 year old have a PAN card?

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Can a 12 year old have a PAN card?

As per section 160 of the Income Tax Act, even minors are eligible to apply for the PAN card as there is no age limit requirement specified in the Act. PAN card can be applied for children below 5 years and remain the permanent identity proof irrespective of change in the name or address.

At what age PAN card can be made?

18 years
Minors: The minimum age to apply for a PAN card is 18 years. However, parents or guardians of individuals below 18 can also apply for PAN on their behalf.

Can I apply PAN card on my 18th birthday?

Therefore, making it easier for detecting and combating tax evasion of the tax base. Students can apply for a PAN card after turning 18 years. In the cases of a minor (younger than 18 years old), parents can apply for the PAN card on their behalf. There is no maximum age limit to apply for a PAN card.

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Can 18 year old apply for PAN card?

Most of the Indians are under the impression that a PAN Card can only be allotted once a person turns 18 years of age. However, this is a myth as Minors can also apply for PAN Card and the Income Tax department also allots PAN Card to Minors without any hassles.

Should I be 18 to apply for PAN card?

How can I get a PAN card in 2 days?

But now the Income Tax Department makes a provision to get a PAN card in 2 days. Visit the NSDL website and select the appropriate form from the options provided.

How to make changes or correction to your PAN card online?

Given below are the steps you will have to follow if you wish to make changes or correction to your Pan Card online: Step 1: You can visit the NSDL website and under ‘Services’, click on PAN. Step 2: Scroll down and under ‘Change/Correction in PAN Data’, click on ‘Apply’. Step 3: Under ‘Application Type’, select ‘Changes/Correction in PAN Data’.

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Do you need a PAN card to apply for a loan?

If you’re planning to apply for a loan, you are required to give your PAN details to the lender. Life Insurance – You need PAN card even when applying for a life insurance. The PAN details are required if you are paying more than Rs.50,000/- in a year to an insurance company as a premium.

What are the documents required for a PAN card for company?

Documents Required for PAN Card for Company For PAN application, companies have to submit some documents as proof of identity and address. The registration certificate issued by the Registrar of Companies can serve the purpose of both identity proof and address proof for the companies.