Question: Is PAN Card Required For Senior Citizens?

Is there any age limit for applying pan card?

Students can apply for a PAN card as long as they are above 18 years of age.

In case you are a minor (younger than 18 years old), your parents can apply for the PAN card on your behalf.

There is no maximum age limit for application of PAN card.

You can be of any age and still apply for a PAN card..

How can I get PAN card in 2 days?

How To Get PAN Card Within Two Days?Step 1: Log in to NSDL website. Visit the NSDL website ( and select the appropriate form from the options provided. … Step 2: Select the type of form. … Step 3: How to submit the application for PAN? … Step 4: Track the status of your application. … Step 5: Get the PAN card within 48 hours.

Why is PAN card required?

PAN Card is important for taxpayers as it is necessary for all financial transactions and is used to track the inflow and outflow of your money. It is important when paying income tax, receiving tax refunds, and receiving communication from the Income Tax Department. … PAN Card also serves as a proof of identity.

How much does a PAN card cost?

The charges for applying for PAN is Rs. 93 (Excluding Goods and Services tax​) for Indian communication address and Rs. 864 (Excluding Goods and Services tax) for foreign communication address. Payment of application fee can be made through credit/debit card, demand draft or net-banking.

Is PAN card mandatory for all citizens?

All Indian citizens having the source of income and valid proofs (as prescribed by the Income Tax Department) are eligible to apply for PAN card. Obtaining a PAN card or Permanent Account Number is mandatory for every tax payer or the person who needs to file an income tax return on behalf of self or others.

What happens if PAN card is not linked with bank account?

In case your PAN Card is not linked with a bank account, opening a fixed deposit account, depositing cash more than Rs. 50,000 will not be possible. Moreover, it will also result in TDS getting deducted at 20% if the interest amount of the FD account exceeds Rs.

How do I apply for a trust pan?

Documents Submitted as Proof. Select Identity Proof * Select Identity proof. Trust Deed. ( In Copy) … Select Address Proof * Select Address proof. Trust Deed. ( In Copy) … Select DOB Proof * Select DOB proof. Trust Deed. ( In Copy) … Select HUF Proof * Select HUF proof. Affidavit on Rs 20 Stamp Paper – Notarized.

What is the age limit of senior citizen in income tax?

60For income tax purposes, those above the age of 60 and below 80 years are classified as senior citizens whereas those above 80 years of age are termed as super senior citizens.

Can a student get a PAN card?

Applying for a PAN card as a student can be done both offline as well as online. There is no specific form or process for a student PAN card application. Depending on your age at the time of application, you would have to apply for a Minor PAN card or a regular PAN card.

What are the requirements for making PAN card?

Documents Required for PAN Card Application by HUFs and Individuals (Being Citizens of India)Voter’s ID card.Passport.Aadhar card.Ration card having Applicant’s photo.Driving License.Photo ID card which are issued by central government, state government or any undertaking of public sector​More items…•

Can I open my bank account without Aadhar card?

The Supreme Court of India ruled that it is not necessary for you to link Aadhaar Card to existing savings accounts or to open a bank account. No private company or bank can ask for an individual’s Aadhaar as a mandatory document for verification.

Can I have 2 PAN cards?

As per the law, one assessee is allowed to possess only one PAN Card; having more than one PAN Card in your name is illegal. Yet, a number of individuals possess more than one PAN card without giving much attention to the consequences it may lead to.

Can I apply for PAN card without aadhar?

However, under the income tax department rules not everyone can use Aadhaar card to get a new Permanent Account Number or PAN through the e-filing portal. … 3) Having an Aadhaar card is not enough as a mobile number must be linked to the 12-digit numeric identity number.

Can I open bank account with PAN card only?

The Reserve Bank of India (RBI) has made Aadhaar and PAN cards mandatory for opening bank accounts.

What is the age limit for senior citizens in India?

60 to 80 yearsAn individual resident is considered as Senior Citizen between the age group of 60 to 80 years, as on the last day of the previous financial year. An individual resident is considered as Senior Citizen between the age group of 60 to 80 years, as on the last day of the previous financial year.

What’s a PAN number?

A permanent account number (PAN) is a ten-character alphanumeric identifier, issued in the form of a laminated “PAN card”, by the Indian Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application. … A PAN is necessary for filing income tax returns.

Can below 18 years apply for PAN card?

A minor cannot apply for PAN card herself directly. Parents, guardians or a representative assessee has to apply on her behalf. The form to use is form 49A (which is the same one that adults also have to use). … Once a minor turns 18 years, you can update the PAN with the child’s photograph and signature.

How can a senior citizen apply for PAN card?

Following documents are accepted as proof of identity:Elector’s Photo Identity Card.Driving License.Passport.Ration Card having photograph of the applicant.Certificate of Identity in original signed by a Gazetted Officer.Certificate of Identity in original signed by a Member of Parliament.More items…