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What is a PAN Card?
The full form of PAN is
Permanent
Account Number which is nothing but a a ten-digit alphanumeric number that
is issued by the Indian Income Tax Department to resident Indians and NRI,
PIO and OCI living at a foreign address. This PAN is issued these days in a
form of a laminated card that bears the applicants photograph. The Govt of
India has made it compulsory to quote PAN on return of income & in all other
documents that pertain to investment related transactions.
Why Non resident Indians need Income Tax PAN Card?
Permanent Account Number or a PAN Card is now mandatory not even for
resident Indians but also for: NRI, PIO & OCI. It not only serves as
Indian ID proof but its now also mandatory if one needs to conduct any kind
of financial transaction, investing in Indian Stocks, buying bonds, purchase
Indian insurance, opening up of a Demat account in India, purchase real
estate property in India, open a bank account, etc.
We assist the following clients to apply for a Indian PAN Number:
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NRIs - Non
Resident Indians |
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PIOs - Person
of India Origin |
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OCIs -
Overseas Citizen of India |
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NRI, PIO & OCI: