PAN- A UNIQUE IDENTIFICATION NUMBER FOR ASSESSEE's

PERMANENT ACCOUNT NUMBER (PAN)

PAN  GIVE A UNIQUE IDENTIFICATION TO THE TAX PAYER.

EVERY ASSESSEE SHOULD APPLY FOR PAN.

THE PAN NUMBER IN THE FOLLOWING CASES IS NECESSARY:

1. IF THE TOTAL INCOME OF ASSESSEE EXCEEDS THE MAXIMUM LIMIT WHICH IS NOT CHARGEABLE TO TAX ( for financial year 2011-2012 the limit for women assessee is Rs 1,90,000, for senior citizen is Rs 2,40,000 and assessee other than above if individual is Rs 1,80,000)
2. IF TOTAL SALES OR GROSS RECEIPT EXCEEDS Rs 5,00,000 IN ANY PREVIOUS YEAR
3. IF RETURN IS FILED UNDER SECTION 139(4A) (i.e for charitable trust)
4. HOWEVER, THE ASSESSEE IF NOT FALL UNDER ABOVE STILL MAY APPLY FOR PAN

IN FOLLOWING CASES AN ASSESSEE SHOULD REQUIRE TO REPRESENT PAN 

1. IN ALL RETURN, CHALLANS AND CORRESPONDENCE WITH INCOME TAX AUTORITIES
2. SALE/PURCHASE OF MOTOR VEHICLE OTHER THAN TWO WHEELERS
3. SALE/PURCHASE OF IMMOVABLE PROPERTY IF IT EXCEEDS Rs 25000 AT ANY TIME IN PREVIOUS YEAR
4. OPENING OF BANK ACCOUNT
5. TIME DEPOSIT IN BANK IF IT EXCEEDS Rs 50,000
6. FOR CASH DEPOSIT WITH BANK IF AGGREGATE OF CASH DEPOSIT IN A DAY EXCEEDS Rs 50,000

HOW TO APPLY FOR PAN CARD

APPLYING FOR PAN CARD IS VERY SIMPLE

FIRSTLY A PERSON IS REQUIRED TO FILL A PAN APPLICATION FORM NO. 49A, AND WITH ONE ADDRESS PROOF AND WITH ONE IDENTITY PROOF, HE SUBMIT THE APPLICATION TO THE VARIOUS OFFICES WHO HAVE AUTHORITY TO TAKE APPLICATION FORM LIKE KARVY, UTI ETC. WITH PRESCRIBED FEES OF Rs 94

FOR IDENTITY OR ADDRESS PROOF, A PERSON CAN GIVE DRIVING LICENCE OR VOTER IDENTITY CARD, RATION CARD ETC.

FOR DOWNLOADING THE PAN APPLICATION FORM KINDLY FOLLOW THE LINK BELOW

http://www.tin-nsdl.com/DownloadsPAN.asp

FOR MORE DETAILS AND FOR PAN APPLICATION

WRITE EMAIL AT tytgroup@live.com

Or SMS AT PANCARD TO 9013373779