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Who are we?

PanCardNri.com is product of ni2 financial, and a network site of NriInvestIndia.com
We are the
world's oldest site that has been online since last 7 years and have helped over 150,000 NRIs globally to get a PAN card from India.

  know more about us >  

 
 


FAQs - Frequently Asked Questions!
   


Q1. What is a PAN number?
A1. Full form of PAN is permanent account number. It is a unique identity number allotted to individuals and companies by the tax department of India.

Q2.  What is a PAN card?
A2. It is a plastic card, printed and provided to all the applicants who are issued a PAN. This plastic card bears your PAN number.

Q3. What does a PAN card reflects?
A3. It shows a hologram from the Indian Government, name, date of birth or date of incorporation, signature, photograph, etc.

Q4. Why is it needed?
A4. As per the new regulatory norms, both resident as well non-residents Indians and international companies having no establishment in India, are required to have a PAN, and provide a copy of their PAN card while carrying various types of financial transactions, viz: opening bank accounts, paying bills, filing taxes, raising invoices, buying or selling real estate, etc to name a few.

Q5. What is the process to apply?
A5. Both company and an individual can avail our services to apply for a PAN card. If you wish to understand first the detailed procedure visit this link here,
OR simply apply here.

Q6. What is the cost?
A6. For individuals: We charge one flat fee of INR.2700 per person. For companies, the fee varies depending upon the size of work involved. To know more about it, please see the pricing section here
.

Q7. How long does it take?
A7. As this is a Government process, quoting a guaranteed time frame is difficult. However from the past experience of 7 years, we notice that it takes between 15 to 20 days.

Q8. What supporting documents are required?
A8. Paperwork involved is different depending upon the residency status of yours.

For an individual: Passport copy, Bank statement showing your name and current international address certified by the bank manager. If you have a OCI or PIO card, then you can provide a OCI or PIO copy instead of a bank statement.

For a company: Copy of incorporation certificate OR Copy of articles of incorporation OR Registration certificate AND copy of bank statement or utility bill showing your company name and current address - These 2 documents need to be apostilled.

Q9. What is includes in the fee?
A9. The fee is inclusive of almost everything, like Govt processing and mailing fee, rupee bank draft, notarization if needed in India and our service charges. However, a client has to get an apostille and mail/post his application package to us at his own cost.

Q10. Benefits of using this website?
A10. Our adviser understands your case in depth, provides you requisite forms and advises you on what documents need to be provided and help you fill the forms. You send these documents to us which we check for errors and coordinate with you for corrections. We then get documents notarized in India if needed, get a rupee draft made from a bank and submit your documents to the NRI PAN centre. A copy of acknowledgment receipt is sent to you, along with an online tracking link where you can track your case status online. Simultaneously, we keep following-up with the department so that your case is processed on an expedited basis.

Q11. Is there a urgent/tatkaal seva for NRIs - non residents?
A11. Unfortunately, the Govt of India does not offer an urgent service to NRIs, as they need to check records of NRIs which takes time, process, print and dispatch; which in turn easily takes a minimum of 15-20 days. However, we try to get your processing done on an expedited basis.

Q12. Do I need to file taxes in India if I acquire a PAN number?
A12. As far as we know, an applicant only pays taxes in India if he/she makes money in India. If you do not make money in India then you don't pay taxes here. Having a PAN does not necessarily means that you need to pay taxes. You only pay, if you accrue income in India.

Q13. Do I renew PAN every year?
A13. No you don't. Once you have a PAN, its good forever.

Q14. Is there a yearly maintenance or management fee to keep a PAN?
A14. No. You do not have to pay any such fee.

Q15. How many PAN Nos can I hold?
A15. A person or a company can hold only 1 PAN. Possessing more than 1 PAN is a criminal offence and is subjected to penalties.

Q16. Does, it reduces withholding tax rates for companies?
A16. Yes it does, however we still request you to contact a qualified Indian tax consultant or adviser to research this for you. One such firm who specializes in providing consultation services to foreign organizations having no presence or establishment in India can be found here:

www.nriinvestindia.com/tax-services.html

Q17. I have more questions, where can I contact you?
Q17. You may email us or call us by
visiting us here.

 

 

 

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* Attestation is not needed in many cases. However there could be situations where a client would have to get an attestation himself for his case.