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PAN Card For Company

PAN Card for Business

Last Updated 29th Nov 2021

  • Any company incorporated in India and having a business in India have to get a PAN card mandatorily.
  • Indian or foreign companies that are earning money in India also require a PAN Card.
  • Companies can apply for a new PAN card through online & offline modes through NSDL website or processing centre.
  • Below-mentioned are documents needed for a new PAN card
    • Copy of Certificate of Incorporation
    • Copy of No Objection Certificate issued by Ministry of Corporate Affairs
    • Identity & Address Proof
    • Bank draft for the payment of fees
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PAN Card for Company Overview

PAN Card or Permanent Account Number, which is a unique 10-digit number allotted to every individual taxpayer is also required by companies, whether incorporated in India or abroad to do business in India. It serves as an identity proof and is also used for various purposes, including having mandatory requirements for filing Income taxes. Companies that have an Indian origin but are earning revenue outside the country also require a PAN card.

How to Apply a PAN Card For Companies?

Companies can apply for a new card by following the steps mentioned below:

  • Visit link https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html for online PAN application form and select Application type from the drop-down menu.
  • Now, select the Category as 'company' from the drop-down list of Category.
  • Next, fill out the required details such as First Name, Last Name, Email ID, Date of Birth, Mobile Number, Captcha Code & click on submit button.
  • Provide company registration details, income details & communication address etc.
  • Now, fill in the Assessing Officer (AO) Code, which you can search on the NSDL website.
  • Next, submit the required documentation & pay the requisite fees.
  • You will now receive the acknowledgement number which can be used to track the PAN Card application.
  • Finally, send the acknowledgement number within 15 days of filing application form to NSDL office to the address mentioned below:
    Income Tax PAN Services Unit,
    NSDL e-Governance Infrastructure Limited,
    5th Floor, Mantri Sterling,
    Plot No.341, Survey No.997,8,
    Model Colony, Near Deep Bungalow Chowk.
    Pune- 411016

Documents Required for PAN Card for Indian Company

Indian companies require the following documents to apply for a new PAN Card as an identity & address proof along with the application for a PAN Card.

  • A copy of Certificate of Incorporation.
  • A copy of No Objection Certificate issued by the Ministry of Corporate Affairs.

Documents Required for PAN Card for Foreign Company

In case you are a foreign company, you need to submit the following documents as an identity & address proof for a PAN card:

  • Copy of Certificate of Registration issued in the country duly attested by "Apostille" or by an Indian Embassy or Consulate or High Commission.
  • Copy of registration certificate with approval by Indian authorities to set up business in India.

How to get Apostilles for the documents?

In case you are a foreign company, you need to get Apostilles for all the documents when you are applying for a PAN card. Apostlilees provides validation to documents and is applicable if you were part of Hague Convention of October 5, 1961, and signed on the pact for the abolition of the requirement of legalization for foreign public documents. Any document apostilled in 1 country is acceptable in other 105 countries.

Tips for PAN Card for Companies

While applying for a new PAN card, companies must take care of the following things as mentioned below:

  • At the time of filling the PAN Card Application Form, always read the instructions carefully on the Form.
  • You must ensure that you have provided all the supporting documents while sending your PAN application form.
  • You should fill the Form in block letters with a black pen if you are applying for a PAN card through offline mode.
  • Ensure that the Form is signed by the CEO or the authorized signatory of the firm.
  • If you have any concerns regarding applying for a new PAN card, you can contact the customer care service of the PAN Department.
  • The payment method & fees vary depending on whether the company is Indian or a foreign one.

Does Your Company Need a PAN Card?

If your company is doing any business in India regardless of the place of business registration needs a PAN card. If you are earning money outside the country, however, your business is registered or has a permanent establishment in India and also needs a PAN Card. Below-mentioned is the list of companies that require a PAN Card:

  • Company
  • Partnership firm
  • Association of persons
  • Limited Liability Partnership (LLP)
  • Body of Individuals
  • Trust
  • Incorporations
  • Limited companies
  • Private firms
  • Associations
  • Foreign institutional investors
  • Hedge funds

Why Does Your Company Need a PAN Card?

The government of India has made it mandatory for all the entities, including companies to hold a PAN card for the following purposes mandatorily:

  • A PAN card serves as a reference number to track your financial transactions and companies require you to quote it on various business transactions & to file tax returns.
  • Companies registered both in India & abroad are required to have a PAN card to prevent the deduction of taxes at highest rates.
  • Companies need to have a PAN card if you are earning money in India even though you are eligible for paying taxes or not.
  • Like an individual, a company also needs to provide their Tax Registration Number (TRN) to whoever is paying them.
  • You also require a PAN card for paying your invoices, remittances and filing Income Tax Returns etc.
  • Further, the government can withhold taxes at a rate of 30% or more if you do not have a PAN card and are earning money.

FAQs

How can I get a PAN card for my business?

You need to fill an online PAN card application form on the NSDL website by clicking on https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html to get a PAN card for your business.

What is a company's PAN number?

A PAN number of a company is a unique 10-digit number that serves as an identity proof of the company and is used to identify all the financial transactions.

How can I get a PAN card for a private limited company?

Private Limited Companies can apply for a PAN card by filling out an online PAN Card application form on the NSDL website or downloading the form and submitting it to NSDL processing centre.

Can I get a PAN card in 2 days?

Yes, you can get a PAN in 2 days if you apply for a PAN card online through NSDL website.


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