TaxTMI 
TaxTMI 
TaxTMI 
PAN CARD- more information is desirable.
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....AN CARD- more information is desirable.<br>By: - DEVKUMAR KOTHARI<br>Income Tax<br>Dated:- 22-5-2014<br><br>Latest amendment in application forms for allotment of PAN: Relevant links for amendment are as follows: Notification No. 26/2014 , Dated- 16-5-2014 CBDT FORM NO. 49A FORM NO. 49AA Vide notification no. 26/2014 , Dated- 16-5-2014 CBDT has substituted and revised application forms 49A and 49AA for allotment / amendment of PAN. The amended forms are applicable from 16.05.2014. Revised forms contain, as an optional entry the name of mother of applicant. Therefore, if the applicant does not want to mention name of his/ her mother it is not mandatory. The form also prescribes to select either name of father or mother to be printed on PAN card. If option is not exercised, then name of father will be printed. Therefore, those applying for New PAN card or for revised PAN card have the options for mentioning name of mother in application form and option to get printed on their PAN card the name of either of his/ her father or mother but not names of both. Name of father and mother both must be mandatory and printed on PAN card: In view of author....
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.... name of father and mother both must be mandatory and both must be printed on PAN card. Now-a- days in forms of admission and examination etc. in many schools and forms of many of examinations conducted by Boards and Universities name of both father and mother are required. The same concept should be applied in case of PAN also which is one sort of permanent record and is acceptable as identity proof. PAN card must contain complete information: At present PAN card contains information about: Name of PAN card holder. Name of father Date of birth. PAN card must contain more information like: Names of mother. Name of spouse- husband / wife Permanent address, if there is no permanent address, then current address can be considered as permanent address. Address for communication. Changes must be updated: It should be made mandatory for the PAN card holder to apply for amendment in PAN card if there is any change in any of information given on PAN card. Further amendment is required: PAN card is indicative of permanent information and a permanent tax account number of the card holder. Except address, most of information are permanent or have long life. For exam....
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....ple, name of father and mother are permanent, except few cases of exceptions when one is adopted by new parents or in case of settlement of dispute about paternity. Similarly name of husband (or spouse as suggested) is generally of permanent nature, though cases of divorce are on rise. Permanent address, like address in native place or address of owned property is also one sort of permanent information. Thus some changes can occur in such permanent information. For that there must be mandate to get PAN card amended. It appears that rules are made or amended without full thought and application of mind. It is not understandable , why it has been made just optional to give name of mother in application form and why only name of one of parent will be printed on PAN card. Why name of husband (in case of married lady) is not given. Therefore, further amendment is desirable to provide for incorporation of more information in PAN card. Pan card may be made mandatory for all as an identity, age and address proof, acceptable for all purposes. ============= Document 1 Only 'Individuals' to affix recent photograph (3.5 cm x 2.5 cm) FOR....
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....M No. 49A APPLICATION FOR ALLOTMENT OF PERMANENT ACCOUNT NUMBER [IN THE CASE OF INDIAN CITIZENS/INDIAN COMPANIES/ENTITIES INCORPORATED IN INDIA/ UNINCORPORATED ENTITIES FORMED IN INDIA] See Rule 114 To avoid mistake (s), please follow the accompanying instructions and examples before filling up the Form Assessing officer (AO code) Only 'Individuals' to affix recent photograph (3.5 cm x 2.5 cm) Sign/leftTumb impression across this photo Sir, Area code AO type Range code AO No. I/We hereby request that a permanent account number be allotted to me/us. I/We give below necessary particulars: 1 Full Name (Full expanded name to be mentioned as appearing in proof of identity/date of birth/address documents: initials are not permitted) Please select title, as applicable Shri Smt. Kumari M/s Last Name / Surname First Name Middle Name 2 Abbreviation of the above name, as you would like it, to be printed on the PAN card 3 Have you ever been known by any other name? Yes No If yes, please give that other name Please select title, as applicable Shri Smt. Kumari ☠M/s Last Name Surname First Name Middle Name Signature/Left Thumb Impression (please ....
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....tick) as applicable) 4 Gender (for Individual applicants only) Male Female (Please tick as applicable) 5 Date of Birth/Incorporation/Agreement/Partnership or Trust Deed/Formation of Body of individuals or Association of Persons Day Month Year 6 Details of Parents (applicable only for individual applicants) Father's Name (Mandatory. Even married women should fill in father's name only) Last Name / Surname First Name Middle Name Mother's Name (optional) Last Name / Surname First Name Middle Name Select the name of either father or mother which you may like to be printed on PAN card (Select one only) (In case no option is provided then PAN card will be issued with father's name) 7 Address Residence Address Father's name Mother's name (Please tick as applicable) Flat/Room/Door / Block No. Name of Premises/ Building/ Village Road/Street/Lane/Post Office Area / Locality / Taluka/ Sub- Division Town/City/District State/Union Territory Office Address Name of office Flat/Room/Door / Block No. Name of Premises/ Building/ Village Road/Street/Lane/Post Office Area / Locality / Taluka/ Sub- Division Town/City/District State/Union Territory 8 Address for Co....
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....mmunication 9 Telephone Number & Email ID details Email ID Country code 10 Status of applicant Pincode / Zip code Country Name Pincode / Zip code Country Name Residence Area/STD Code Telephone/Mobile number Office (Please tick as applicable) Please select status, as applicable Individual Hindu undivided family Company Partnership Firm Trusts Body of Individuals Local Authority Artificial Juridical Persons 11 Registration Number (for company, firms, LLPs, etc.) 12 In case of a citizen of India, then Please mention your AADHAAR number (if allotted) 13 Source of Income Salary Income from Business / Profession Business/Profession code [For Code: Refer instructions] Income from House property Government Association of Persons Limited Liability Partnership Please select status, ☑ as applicable Capital Gains Income from Other sources No income 14 Representative Assessee (RA) Full name, address of the Representative Assessee, who is assessible under the Income Tax Act in respect of the person, whose particulars have been given in the column 1- 13. Full Name (Full expanded name: initials are not permitted) Please select title, as applicab....
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....le Last Name / Surname First Name Middle Name Address Flat/Room/Door / Block No. Name of Premises/ Building/ Village Road/Street/Lane/Post Office Area Locality / Taluka/ Sub- Division Shri Smt. Kumari M/s Town/City/District State/Union Territory Pincode 15 Documents submitted as Proof of Identity(POI) and Proof of Address (POA) I/We have enclosed as proof of address and as proof of identity, as proof of date of birth [Please refer to the instructions (as specified in Rule 114 of I.T. Rules, 1962) for list of mandatory certified documents to be submitted as applicable] 16 I/We the applicant, in the capacity of do hereby declare that what is stated above is true to the best of my/our information and belief. Place DDM M Y Y Y Y Date Signature/Left Thumb Impression of Applicant (inside the box) Document 2 Only 'Individuals' to affix recent photograph (3.5 cm x 2.5 cm) FORM No. 49AA APPLICATION FOR ALLOTMENT OF PERMANENT ACCOUNT NUMBER [INDIVIDUALS NOT BEING A CITIZEN OF INDIA/ENTITIES INCORPORATED OUTSIDE INDIA/ UNINCORPORATED ENTITIES FORMED OUTSIDE INDIA] See Rule 114 To avoid mistake (s), please follow the accompanying instructions and examples....
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.... before filling up theForm Assessing officer (AO code) Only 'Individuals' to affix recent photograph (3.5 cm x 2.5 cm) Sign/ Left Thumb impression across this photo Sir, Area code AO type Range code AO No. Signature/Left Thumb Impression I/We hereby request that a permanent account number be allotted to me/us. I/We give below necessary particulars: 1 Full Name (Full expanded name to be mentioned as appearing in proof of identity/address documents: initials are not permitted) Please select title, ☑ as applicable Last Name / Surname Shri/Mr Smt/Mrs Kumari/Ms M/s First Name Middle Name 2 Abbreviation of the above name, as you would like it, to be printed on the PAN card 3 Have you ever been known by any other name? Yes No If yes, please give that other name Please select title, ☑ as applicable Last Name / Surname First Name Middle Name Shri/Mr Smt/Mrs Kumari/Ms ☠M/s (please tick) as applicable) 4 Gender (for Individual applicants only) Male Female (Please tick as applicable) 5 Date of Birth/Incorporation/Agreement/Partnership or Trust Deed/ Formation of Body of individuals or Association of Persons Day Month Year 6 Detai....
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....ls of Parents (applicable only for individual applicants) Father's Name (Mandatory. Even married women should fill in father's name only) Last Name / Surname First Name Middle Name Mother's Name (optional) Last Name / Surname First Name Middle Name Select the name of either father or mother which you may like to be printed on PAN card (Select one only) (In case no option is provided then PAN card will be issued with father's name) 7 Address Residence Address Father's name Flat/Room/Door / Block No. Name of Premises/ Building/ Village Road/Street/Lane/Post Office Area/Locality / Taluka/ Sub- Division Town/City / District State / Union Territory Mother's name (Please tick as applicable) Pincode / Zip code Country Name Office Address Name of office Flat/Room/Door / Block No. Name of Premises/ Building/ Village Road/Street/Lane/Post Office Area/Locality / Taluka/ Sub- Division Town/City District State/Union Territory 8 Address for Communication 9 Telephone Number & Email ID details Email ID Pincode / Zip code Country Name Residence Country code Area /STD Code Telephone / Mobile number 10 Status of applicant Please select status, ☑ as appli....
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....cable Individual Trusts Office (Please tick as applicable) Hindu undivided family Company Body of Individuals Local Authority Partnership Firm Artificial Juridical Persons 11 Registration Number (for company, firms, etc.) 12. Country of Citizenship Government Association of Persons Limited Liability Partnership ISD Code of the Country of Citizenship Please select status, as applicable Capital Gains 13 Source of Income Salary Income from Business/Profession Business/Profession code [For Code: Refer instructions] Income from House property 14 Representative or Agent of the Applicant in India Full name, address of the Representative or Agent Full Name (Full expanded name: initials are not permitted) Please select title, ☑ as applicable Last Name / Surname First Name Middle Name Address Flat/Room/Door / Block No. Name of Premises/ Building/ Village Road/Street/Lane/Post Office Area / Locality / Taluka/ Sub- Division Town/City / District State/Union Territory ☠Shri/Mr Smt/Mrs Kumari/Ms M/s Pincode / Zip code 15 Documents submitted as Proof of Identity(POI) and Proof of Address (POA) I/We have enclosed proof of address, and as p....
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....roof of identity, as mandatory certified documents Income from Other sources No income [Please refer to the instructions (as specified in Rule 114 of I.T. Rules, 1962) for list of mandatory certified documents to be submitted as applicable] as 16 KYC details* [To be filled in by Foreign Institutional Investor or a Qualified Foreign Investor, as prescribed under the regulations issued by the Securities and Exchange Board of India (SEBI) ["Control" as defined under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 "Beneficial owner" as defined in the para 5.1 of SEBI circular dated December 31, 2010 on Anti Money Laundering.] (a) In case of Individuals Please select ☑ as applicable Marital Status Single Married Citizenship Status In case of Foreigner, country of Citizenship Occupation details Divorced Widow/Widower Foreigner P Person of Indian origin O Overseas citizen of India Private sector service Public sector/Govt. service Business Professional Agriculturist Retired Housewife Student Others (b) In case of non individuals R Private Company Please select ☑ as applicable U Public Company D Body Corporate S ....
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....Financial Institution N Non Government Organization C Charitable Organization (c) Gross Annual Income - INR Netwoth (Assets less liabilities) in INR (d) In case of a Public Company, whether listed on a stock exchange If yes, then indicate name of the stock exchange Yes No Please select ☑ as as applicable (e) In case of Non-individuals Does it have few persons or persons of the same family holding beneficial ownership and control Yes No Please select ✓ as as applicable ["Control":Control shall include the right to appoint majority of the directors or to control the management or policy decisons exercisable by a person or persons acting individually or in concert, directly or indirectly, including by virtue of their shareholding or management rigths or shareholders agreements or voting agreements or in any other manner "Beneficial owner" means the natural person who ultimately owns or controls the is being conducted, and applicant and/or the person on whose behalf a transaction includes a person who exercises ultimate effective control over a juridical person] (f) Is the entity involved / providing any of the following services Foreign exchange,....
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.... Money Changer Services Please select as applicable Yes No Gaming/Gambling/Lottery services (Casinos and Betting Syndicates) Money Lending, Pawning Yes No Yes No (g) Whether the applicant or the applicant's authorised signatories/trustees/office bearers is (i) a politically exposed person (ii) related to a politically exposed person ☠☠Yes No Yes No [For definition of politically exposed person refer to guidelines issued under the Prevention of Money Laundering Act (PMLA)] (h) Taxpayer identification Number in the country of residence 17 I/We the applicant, in the capacity of do hereby declare that what is stated above is true to the best of my/our information and belief. Place D D M M Y Y Y Y Date Signature/Left Thumb Impression of Applicant (inside the box)<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....