Heres how to deal with PAN card applications and changes- Every tax payer deals with the Permanent Account Number (PAN) and just having or obtaining the number is not the end of the matter because there are often some technical details that arise with the operation. This can prove to be a problem in several cases as the individual might not have an idea of what can be done for the purpose of solving the question in front of them. It becomes essential to ensure that the details are known properly so that the situation is handled effectively. Here are some technical points that could arise with respect to the PAN and what should be done in such a situation: Online application There is the ability of the individual tax payer to undertake several PAN related activities online. This includes applying for a new PAN when there is no number already present with them or applying for a new card or making some changes in the PAN details. However what is important is that while the details for the PAN can be completed online this would not ensure that the entire process is completed. There is still a need to take a printout of the acknowledgement and then after affixing the necessary photo and attachment of the required documents and signing of the document these have to be submitted to the address that is given and hence this will complete the process. What this means is that the online application still has some offline work that needs to be done and hence this is something that needs to be taken into consideration. Mode of payment There are charges that have to be paid online for the purpose of the application. Here there are various modes of payments that can be used for the purpose of completing this requirement. It will include demand draft, cheque, net banking and credit and debit cards. In the offline method one can also pay by cash so this distinction has to be understood because the manner of payment is important in the whole process. The matter can get a little complicated when the net banking or credit and debit card is used because for an individual the payment can be made only by the self or an immediate family member which means the parents, spouse and children. There will be some extra charges for the usage of the credit and debit card which can be upto 2 per cent while in case of net banking it will be Rs 4 plus service tax for using the payment gateway facility. Time period The process of making an online application also requires that the individual then complete the additional requirements within a specific time period. Once the online application has been given then the necessary documents have to be sent to the address that has been specified have to reach within 15 dates of the online submission. Two ways in which the various applications will be handled is that in case the payment is made by cheques or drafts then the processing will start only after the amount here is realised. On the other hand when the payment is made by credit or debit card and net banking even though the payment here is realised the processing will start only when the documents for the purpose are actually received. Overall There are several things that can be completed on the PAN front as in some cases the old PAN card is such that it is not possible to read the data and in such a situation a new one can be ordered which will make the entire situation better for the end user. This along with making changes in the details related to the PAN card can be easily accomplished but this will require following the required procedure. FOR ONLINE PAN CARD VISIT HERE- taxxcel/income_taxreturn.php
Posted on: Sat, 13 Dec 2014 08:07:45 +0000
Trending Topics
Recently Viewed Topics
© 2015