A Quick Guide for Applying PAN Card in UK An important identity proof, the Permanent Account Number (PAN) is a unique ten-digit alphanumeric number which is issued to all tax payers by the Income Tax Department, Government of India. The number is printed on a laminated plastic card known as the PAN card. The PAN is mandatory for all taxpayers– individuals, including resident Indians and non-resident Indians (NRIs)and entities. PAN application for NRIs is no longer a cumbersome process as PAN Card can be obtained through an online facility which has been introduced by the I-T department, under Income Tax Act, 1961. There may be certain doubts bothering NRIs regarding PAN application. Here are answers to commonly asked questions when applying for PAN number for NRI from any country, say the UK.
The reasons why NRIs must have a PAN card A PAN application for NRIs becomes necessary for carrying out any activity in the financial domain in India without any hassle. This may include investing in shares, or any movable/ immovable property such as land or house; engaging in share trading through depository or broker; opening an NRE or NRO account; availing loan facility from banks. Applying for PAN number for NRI also becomes mandatory for applying for visa or passport, or securing foreign remittance. Furthermore, non-resident Indians who have taxable income in India are required to provide their PAN details for filing income tax returns in India and therefore should make a PAN application for NRIs. The easiest way to get a PAN card for NRIs Authorised service providers make the process extremely easy for NRIs. Alankit Limited, a registered e-return intermediary, offers an online facility for NRIs using which they can apply for a new PAN number for NRI or make corrections in existing PAN card. The process starts