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Monday, March 21, 2011

How to update your PAN details

The permanent account number (PAN) card, issued by the income tax authorities, is now widely used in financial transactions and is the single most convenient proof for identity. So, it may be useful to keep the PAN card updated to reflect your current details.

The tax information network (TIN), operated by the National Securities Depository Limited (NSDL), provides this service. This facility only allows you to update details such as photograph, address and signature, not the number itself. The PAN change request form is available online.

Online application

The form can be submitted online with details such as name, address and a recent photograph. An acknowledgement form with a 15-digit unique number will be generated.

Dispatch

The acknowledgement, along with supporting documents for any changes sought, should be sent to NSDL, 3rd floor, Sapphire Chambers, near Baner, Pune, 411045.

Mode of payment

You need to pay Rs 94 (Indians) and Rs 744 (NRIs), which can be sent online or by a cheque or DD, payable at Mumbai, along with the documents.

Delivery and tracking

The new PAN card will be delivered by post. The status of the application can be tracked online.

Points to note

Online form: The online form will ask for basic details printed on the PAN card. All the categories requiring a change (differing from the existing PAN card) have to be specifically checked.

Deadline: The documents supporting the online application should reach NSDL within 15 days of the online submission of application.

Others: The same form can be used to cancel a previously issued PAN card or for re-issuance of a lost PAN card.


(Content Courtesy: Centre for Investment Education and Learning, CIEL)


Source: EconomicTimes

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