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Monday, October 31, 2011

New PAN application with instruction w.e.f. 01-11-2011 with excel utility from taxguru.in


 
[Attachment(s) from GIRISH KULKARNI included below]

Income Tax department has notified new PAN application form. New form is applicable from 01.11.2011. Now there will two set of Form.

  1. First is Form 49A to be used by Indian Citizen ,HUF,Companies ,firm, AOP, BOI, LLP ,Trusts registered in India 
  2. Second 49AA is to be used by person not a Indian Citizen and Companies,Firms,LLP,BOI,AOP,trust  not registered in India 
Further a New reason to obtain the Pan form has been added ie  in the case of a person who is entitled to receive any sum or income or amount , on which tax is deductible under Chapter XVII-B in any financial year, before the end of such financial year."

There is no more significant changes in new forms except few minor changes.


INSTRUCTIONS FOR FILLING FORM 49A

  1. Form to be filled legibly in BLOCK LETTERS and preferably in BLACK INK.
  2. Each box, wherever provided, should contain only one character (alphabet /number /punctuation sign) leaving a blank box after each word.
  3. Individual' applicants should affix two recent colour photographs (size 3.5 cm x 2.5 cm) in the space provided on the form. The photographs should not be stapled or clipped to the form.The clarity of image on PAN card will depend on the quality and clarity of photograph affixed on the form.
  4. Signature / Left hand thumb impression should be provided across the photo affixed on the left side of the form.
  5. Signature /Left hand thumb impression should be within the box provided on the right side of the form. The signature should not be on the photograph affixed on right side of the form. If there is any mark on this photograph such that it hinders the clear visibility of the face of the applicant, the application will not be accepted. 
  6. Thumb impression, if used, should be attested by a Magistrate or a Notary Public or a Gazetted Officer under official seal and stamp. 
  7. AO code (Area Code, AO Type, Range Code and AO Number) must be filled up by the applicant. These details can be obtained from the Income Tax Office or TIN Facilitation Centre (TIN‐FC) may assist in doing so. 
  8. Applicant can also search for AO details on www.tin‐nsdl.com

GENERAL INFORMATION FOR PAN APPLICANTS

  1. Applicants may obtain the application form for PAN (Form 49A) from TIN‐Facilitation Centres (TIN‐FCs) / PAN Centres, any other stationery vendor providing such forms or download from the TIN website (www.tin‐nsdl.com).
  2. The fee for processing PAN application is Rs. 85/‐ (plus service tax, as applicable). 
  3. Those already allotted a ten digit alphanumeric PAN shall not apply again as having or using more than one PAN is illegal. However, request for a new PAN card with the same PAN or/and Changes or Correction in PAN data can be made by filling up 'Request for New PAN Card or/and Changes or Correction in PAN Data' form available from any source mentioned in (a) above. The cost of application and processing fee is same as in the case of Form 49A.
  4. Applicant will receive an acknowledgment containing a 15–digit unique number on acceptance of this form. This acknowledgment number can be used for tracking the status of the application.
  5.  For more information / Application status enquiry – Visit us at www.tin‐nsdl.com – Call TIN Call Centre at 020‐27218080 – e‐mail us at tininfo@nsdl.co.in – 
  6. SMS NSDLPANAcknowledgement No. & send to 57575 to obtain application status.
  7. Write to: INCOME TAX PAN SERVICES UNIT (Managed by National Securities Depository Limited), 3rd Floor, Sapphire Chambers, Near Baner Telephone Exchange,Baner, Pune ‐ 411 045.

INSTRUCTIONS FOR FILLING FORM 49AA (To be used by QFIs only)
(a) Form to be filled legibly in BLOCK LETTERS and preferably in BLACK INK.
(b) Each box, wherever provided, should contain only one character (alphabet /number /punctuation sign) leaving a blank box after each word.
(c) 'Individual' applicants should affix two recent colour photographs (size 3.5 cm x 2.5 cm) in the space provided on the form. The photographs should not be stapled or clipped to the form.The clarity of image on PAN card will depend on the quality and clarity of photograph affixed on the form.
(d) Signature /Left hand thumb impression should be provided across the photo affixed on the left side of the form. 
(e) Signature /Left hand thumb impression should be within the box provided on the right side of the form. The signature should not be on the photograph affixed on right side of the form. If there is any mark on this Photograph such that it hinders the clear visibility of the face of the
applicant, the application will not be accepted.
(f) Thumb impression, if used, should be attested by a Magistrate or a Notary Public or a
Gazetted Officer under official seal and stamp.
(g) AO code (Area Code, AO Type, Range Code and AO Number) must be filled up by the
applicant. These details can be obtained from the Income Tax Office or TIN Facilitation Centre
(TIN‐FC) may assist in doing so.

Read more: NEW PAN APPLICATION FORM 49A AND 49AA WEF 01.11.11 | Income Tax India http://www.itaxindia.org/2011/10/new-pan-application-form-49a-and-49aa.html#ixzz1cHC8P2xj



High Lights in Instructions or in New Forms
  1. Form to be filled in Black Ink preferably earlier it was mandatory. 
  2. Now Two recent colour photographs will be affixed instead of One pcs.
  3. Signature/Left Hand thumb impression should be provided across the photo affixed on the left side of the form.
  4. Signature /Left hand thumb impression should be within the box provided on the right side of the form.  The signature should not be on the photograph affixed on right side of the form.   
  5. Abbreviation will not be used in First Name and Last Name.
  6. The full name as mentioned in the application will be printed on the PAN Card.
  7. Now, Trusts for Date of Creation of Trust Deed. also added in the field of Date of Birth/Incorporation/Agreement/Partnership or trust Deed/Formation of Body of Individuals/Association of Perons. 
  8. ZIPCODE.   In case, a foreign address is provided then it is mandatory to provide Country Name alongwith ZIPCODE.
  9. Office address is required in case of Individuals having source of Income as salary [Item No.12].
  10. Name of Office and Address is mandatory in case of Firm,company, local Authority and Trusts. 
  11. Now Country Code is also required alongwith STD Code.  (i.e. 91 is Country Code for India.). 
  12. Telephone Number/Mobile Number is required. Earlier only Telephone Number was required.
  13. Application Status updates are sent using the SMS facility on the Mobile Numbers mentioned in the Application Form
  14. In case of 'Limited Liability Partnership', the PAN will be allotted in "Partnership Firm" status. 
  15. It will be mandatory to indicate at least one of source of incomes, as mentioned in the form.  In case, the income from Business/Profession is selected by the applicant then an appropriate business profession code should be mentioned.  (i.e.  Code = 01, Business/Profession = Medical Profession and Business)
  16. Name and Address of Representative :- Column No. 1 to 12 will contain details of assessee on whose behalf this application is submitted. 
  17. KYC Details:- It is mandatory to provide KYC details.   Please refer the guideliness issued by SEBI and Prevention of Money Laundering Act for filling these details. 


Read more: New Notification for PAN Application (Form 49A and Form 49AA) ~ Tds Tax India http://www.tdstaxindia.com/2011/10/new-notification-for-pan-application.html#ixzz1cHCYqaxt 


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