For all the financial transaction in India, it is required that one should have the PAN card along with. Applying for PAN card is easy for the residents of India but those who are non-resident Indians for them it is actually a tough business to manage the same. The procedure to obtain a PAN is fairly simple and similar across all categories of individuals. However, NRIs need to provide certain documents while applying for a PAN, which are specific to them. Below we are mentioning the requirement that NRI need to possess while applying for PAN card.
Form: Form NRIs who are Indian citizens have to apply for a PAN by filling Form 49A, while NRIs with citizenship of another country need to fill up Form 49AA. These forms can be accessed, filled and submitted online through the websites of UTIITSL and NSDL.
Fees: If the communication address provided by the NRI is within India, the fees are Rs 107, and if it is outside India, the fee is Rs 989, which includes application fees and dispatch charges. In case of online applications, the fees may be paid through debit/credit card or through Net banking. Alternatively, a demand draft favouring UTIITSL /NSDL can be dispatched, along with the documents and form.
Documents: Two photographs must be pasted in the space provided in the acknowledgment form. Also to be submitted is a copy of the passport as proof of identity. Any of the following will serve as proof of address: Copy of passport Copy of bank account statement in country of residence Copy of NRE bank account statement showing at least two transactions in six months and duly attested.
The Process: The signed form with the requisite documents should reach the designated address within 15 days of the online application. If the payment mode is demand draft, the PAN card is issued on realization of the payment, and dispatched to the communication address mentioned by the applicant.
For the NRI’s, it would be a great choice if they would consult a NRI tax service company because they would certainly lead their way to apply for PAN card easily, even if they are not residing in India.