An Initial Step to obtain PAN Card for NRI Being thoroughly informed about How to obtain PAN card for NRI goes a long way in making life easier for Indians who are living outside the country. The PAN card is a vital proof for carrying out financial transactions in India. That may include a gamut of activities, for instance, investing in shares, buying or selling real estate properties, obtainingincome from rent, opening an NRI bank account, availing loan facility, securing for sign remittance, etc. On the PAN card, the Permanent Account Number or PAN of an individual or entity is printed. The number gives a unique identity to the PAN holder and it is issued by the Income Tax Department under the Income Tax Act, 1961. Getting a PAN card for NRIs has become a simplified process nowadays. The process starts with filling the Pan application form for nri.The form can be obtained from the official website of National Securities Depository Limited(NSDL) or its various TIN facilitation centres in India.
Read on to know more about how to obtain PAN card for NRI and the initial procedures involved: Choosing the application form NRIs should be aware of the fact that there are two types of application forms - Form 49A and Form 49AA. They must select Form 49AAwhich is valid for those individuals and entities residing outside India. The Form 49A is valid only for applicants who are Indian Citizens and Indian companies within India. Filling and submitting the form The Pan Application form for NRI has sections where relevant details such as name, address, signature and passport-sized photographs must be provided. Along with the form, applicants must also furnish their valid proof of identity (POI) and proof of address (POA). The forms should be submitted to the NSDL along with a processing fee which is around Rs. 1,040 for applicants residing outside India. After the successful processing of the forms, the PAN card will be delivered to applicant’s addresswithin 15 to 20 business days. The applicants will get a 15-digit unique Acknowledgment Number which can be used to track the application status within 3 or 4 days of application.