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Pan Card Rules In today’s time, PAN card is very important along with Aadhaar card. Although both these documents are used as ID proof.
Let us tell you that PAN card is issued by the Income Tax Department. Today we will tell you what is the process of applying for PAN card for a minor?
In today’s time , PAN Card is very important along with Aadhaar Card. Although both these documents are used as ID proof. Let us tell you that PAN Card is issued by the Income Tax Department.
PAN card is used for non-government purposes along with government work. We have to provide PAN card while opening a bank account. Apart from this, without a PAN card, we cannot file Income Tax Return (ITR).
In today’s time, even minors need a PAN card. This means that now a PAN card can be made for minors as well.
What are the rules for minor PAN card?
According to the rules of the Income Tax Department, a minor cannot apply for his/her own PAN card. Only parents can apply for a minor PAN card.
Why is PAN card necessary for minors?
- If a minor invests then it is necessary for him to have a PAN card.
- Even if there is a minor nominee in the parents’ investment plan, a minor PAN card is required.
- PAN card is also required while opening a bank account of a minor.
- Even if a minor earns through any means, a PAN card is required.
How to apply for minor PAN card
- Go to the official website of NSDL.
- Now here you have to fill Form 49A. Before filling this form, you have to read the instructions carefully.
- After this you will have to upload the age certificate of the minor, signature of the parents and photo of the parents.
- Now to get a PAN card made, you will have to pay a fee of Rs 107.
- As soon as you pay the fees you will get a receipt number.
- You can easily check the status of PAN card through the receipt number.
Let us tell you that within 15 days of applying for a PAN card, you will receive a confirmation on your registered email. After the verification process is complete, the PAN card will be sent to your address within 15 days.
