If you are a Salaried individual and earning enough income that comes under the taxable slabs of the Income Tax Department in India, then you will need a PAN Card.
The PAN (Permanent Account Number) Card is a vital financial document in India that will help you file your Income Tax Returns (ITRs). Besides that, you can also quote it while carrying out many transactions in India other than being a proof of identity.
But what if you lose your PAN Card? Can you get a reprint of the same or will you have to apply for a PAN Card online a fresh? If you wish to get answers to these questions, then this short post will emerge as a helpful guide!
What steps to follow to get your PAN Card reprinted?
If you have lost your PAN Card or want to have a duplicate one, then all that you have to do is apply for it. But you can get a fresh copy only when you are not looking to get any data changed on it. The payment of Rs.50 for the delivery to an Indian address and Rs.959 for overseas have to be borne to get reprinted PAN Card delivered.
- Land on either of the two authorized website – NSDL or UTIISL
- Click on ‘Download e-PAN’ option free of cost (only for PAN Cards that will allotted or changes made and confirmed by the IT Department in last 30 days)
- Feed the required details such as Aadhaar Card, Date of Birth and PAN Card details and others as asked
- Pay the required amount via net banking, DD, or credit and debit card modes
- Once your payment will made and confirmed, the portal will provide you with a 15-digit number, which you can use for future references. You can use that for checking the status of your application for the PAN Card reprinting
- After the verification of your details as submitted by you, your PAN Card will be dispatched to your communication address
You can go ahead and start following the discussed steps to begin applying for a reprint of your lost or misplaced PAN Card without having to apply for a fresh one.
What are the uses of a PAN Card in India?
- Buying or selling of vehicles except for two wheeler – You will need to furnish your PAN Card details if you intend to sell or buy a vehicle valued at Rs.5 lakh or more. The vehicles could be anything other than two wheeler.
- Making a cash deposit worth Rs.50K in a single day – If you wanted to deposit cash of Rs.50,000 into a bank account in a day, then PAN is a must.
- Any bank account opening in India – All types of banks and other financial agencies in India would require your PAN Card. It will be at the time of applying for a saving account to the current account and others.
- Taking out loans – For any kinds of loans like home loans, car loans, personal loans, consumer durable loans and more, PAN will needed for KYC purposes.
- Insurance premium payments – While buying any insurance policy or paying the premium for one, the quoting of PAN is mandatory in India.
- Credit card and Demat account opening – Your service provider will also ask you to submit PAN details while applying for a Demat account or a credit card.
No matter what financial transactions you may want to undertake in future, having a PAN Card will help you do that smoothly. With the facility of reprinting of your PAN Card also available, you don’t have to worry about applying for PAN Card again.