FAQs Asked By NRIs, PIOs, OCIs And Foreign Companies
If you come across an issue we haven't covered below, simply contact us here.
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 Indian tax department.
Q2. What is a PAN card?
A2. It is a plastic card that reflects your PAN number.
Q3. What does a PANcard reflect?
A3. It shows a Govt hologram, your name, date of birth or date of incorporation, signature, photograph, etc.
Q4. Why is it needed?
A4. As per new regulatory norms, both resident & non-residents Indians; including international companies with or without any presence in India, are required to provide a copy of their PAN card while carrying financial or business transactions; like: opening bank accounts, paying bills, filing taxes, raising invoices, buying or selling real estate, etc to name a few.
Q5. How can this website help you?
A5. Getting a PAN card from the Indian Government can be a complex process for people living outside India. Our goal is to make this process simple and hassle free for our clients by providing them step by step assistance & consulting from start to end. Once you start your process with us; our adviser contacts you to understand your case in depth, provides you requisite application 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 center for processing. A copy of acknowledgment receipt is sent to you, along with a tracking link where you can track your case status. We keep follow-up with the department so that your case is processed smoothly. And finally you get your PAN Card at your Indian or foreign location.
Q6. What is the procedure for NRIs to apply?
A6. The process to apply a PAN card for NRIs, can vary as resident status varies with each client. You can understand the detailed procedure here.
Q7. How secure is my data & documents with you?
Q8. Can I apply without coming to India OR without having an Indian address?
A8. Yes you can apply without visiting India or having a address here.
Q9. What are the charges?
A9. You can pay the fee securely on our safe online payment gateway using international debit/credit cards.
For individuals: USD$49 per application (approximately INR.3000).
For companies: Get a free quote by visiting here.
Q10. Can I pay in some other currency?
A10. Our online payment gateway charges USD$49, and automatically converts and charges equivalent of your country's currency at the current market price. But if you still wish to pay in your currency, simply contact us here.
Q11. Do you accept rupee cheques OR Netbanking?
Q12. What is included in the fee?
A12. It includes almost everything, like processing and mailing back, rupee bank draft making, notarization if needed in India and our assistance & consulting service charges. However, a client has to get an apostille (if required) and post/courier his application package to us at his own expense.
Q13. Is there any yearly maintenance fee?
A13. No. There is no yearly fee. Once you get a PAN you dont have to anything yearly.
Q14. Do I have to renew it every year?
A14. No. Once you get it, its good forever.
Q15. How long does it take?
A15. After your application is submitted it takes 6-7 days for the ePAN number to come online, and the physical delivery at your foreign address would take around 15 to 20 days minimum.
Q16. What supporting documents are required?
A16. Paperwork depends upon what passport you hold. To know more about what you would need, click here.
Q17. Is there a urgent/tatkaal seva for NRIs - non residents?
A17. 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.
Q18. Do I need to file taxes in India if I acquire a PAN number?
A18. 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.
Q19. How many PANs can I hold?
A19. A person or a company can hold only 1 PAN. Possessing more than 1 PAN is a criminal offence.
Q20. Does, it reduces withholding tax rates for companies?
A20. Yes it does in certain cases. However we still request you to contact a qualified Indian tax consultant or adviser to research this for you. Our sister concern below can do this for you:
Q21. I have more questions, where can I contact you?
A21. You may email us or call us by contacting us here.
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We are the World's 1st and Oldest PAN consulting site for NRIs (since 2007). Being a brand of nriInvestIndia.com (network of ni2 Financial Consultancy Pvt Ltd), we have assisted thousands of non resident Indians, people of India origin, foreign nationals and international entities to apply for Indian PAN numbers.
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Please be advised that this is not a Government owned website or it's affiliate. We are a private company running and managing this website with an aim to provide helpful assistance to NRIs living outside India regarding their PAN card needs for monetary benefits. We have exercised utmost care to ensure the accurateness and completeness of the information provided in this website. ni2 Financial Consultancy Pvt Ltd does not accept any liability for it. Use of this website constitutes your acceptance to agreeing to all our terms & conditions, and that you have gone through the disclaimer mentioned in it.