How to Identify Partnership Pan Card

The partnership must file annual income tax returns under the Income Tax Act 1961, regardless of the amount of its profits. Partnership partners must obtain a partnership PAN card for tax filing. The company`s PAN card serves as proof of the company`s existence. Affiliates must submit the Deed of Partnership or Certificate of Registration and PAN Card Form 49A to file the corporation`s income tax returns. An ANP is a unique identifier issued to all identifiable legal entities under the Indian Income Tax Act[1] 1961. The Income Tax PAN and the associated card are issued in accordance with § 139A of the Income Tax Act. It is issued by the Income Tax Authority of India under the supervision of the Central Board of Direct Taxation (CBDT) and is also an important proof of identity. PAN issuance, verification, delivery and maintenance work under public-private partnerships (PPPs) such as Passport Seva Kendra (PSK) for reasons of economy, efficiency and effectiveness. Renowned companies such as NSDL e-Governance Infrastructure Limited (formerly National Securities Depository Limited)[13] and UTI Infrastructure Technology Services Limited (UTIITSL) have been treated by the Income Tax Department as a managed service provider with application processing, collection, processing and verification of personal documents such as proof of identity, age and address, clarification with applicants, printing of the card and letter and subsequent sending. orderly.

After successful processing of the application documents, processing offices receive the new PAN number online from the income tax service server. Some critics in India may characterize the processing, processing and delivery of ID cards and financial documents by private contractors as an invasion of privacy. [14] [15] After checking the documents, the PAN card arrives at the company`s registered office within 15-20 days. Partners can track the status of the PAN card online using the confirmation number they received after submitting the registration form. C stands for Company. So if the PAN is in your company name, its fourth character would be C. H stands for Hindu Undivided Family, F stands for partnership company, A stands for union of persons, T stands for trust, B stands for corporation of individuals, L stands for local authority, J stands for artificial legal entity and G stands for government. After verification of the documents, the PAN card will be sent to the registered office of the partnership company within 15-20 days. Although there are only 58 million taxpayers in India, 445 million authentic NAPs have been issued as of March 31, 2019.

[18] [19] Although the alphanumeric PAN number is unique, individuals and businesses could fraudulently obtain multiple PAN cards. It is illegal to obtain multiple PANs, and there is a penalty of ₹10,000 (₹130) if you are caught. Also, there are fake PAN cards due to the ubiquitous plastic card printers. [20] [21] [22] [23] [24] In addition, illegal immigrants also received ANP cards; most have used the services of PAN card agents. [25] [26] [27] [28] [29] Stamp with Partner name below. This can be used by the managing partner to sign the PAN card application form. Recently, the DOI (date of issue) of the PAN card is mentioned on the right (vertical) side of the photo on the PAN card if it was issued by NSDL and is not mentioned if it was issued by UTI-TSL. Fifth character: The fifth character represents the first alphabet of your surname or surname. For example, someone named Anil Kishore will have Gupta G as the fifth character on their PAN because the first alphabet of their last name is G.

However, if you change your last name after marriage or for any other reason, your PAN card number will remain unchanged. The ANP can be requested by submitting the required PAN application to the authorized district PAN agency or online on the NSDL website, UTI with 2 recent passport-size color photos, proof of identity, address and date of birth and fees. In case of reissue, a photocopy of the old PAN is also required. It takes about 10-15 days to get the card. [7] Currently, there are PAN service centres only in India. However, foreign citizens may find the pseudo-online application mode more inconvenient. Signed physical documents must be sent by post or courier to NSDL`s PO Box in Pune (India) or to UTIITSL address in Mumbai, New Delhi, Chennai or Kolkata. The online facility makes it possible to pay fees in INR using limited credit card options for foreign citizens (only if they have an India-based credit card, as international credit cards are not always accepted by external fee collectors.) Unlike most countries, India charges a fee for issuing a TIN (PAN ID). The fee is ₹107 if the PAN card is to be received in India and ₹989 if the PAN card is to be received abroad.

Note that the online application only eliminates errors in data entry. You must always send the application with photos to the Indian centers. The app requires two photos. One of them at the top right requires a signature in the box below. The other one at the top left requires a signature on the photo (so part of the signature is on the photo and part on the form). There is a delay of 2 to 20 days between arrival at the centre and the first treatment/examination, which takes only one day. The actual issuance of the PAN number by the tax service takes place within 48 hours. The actual PAN card is sent by registered mail to the foreign address and may take another 2 weeks after the PAN number is issued, which is initially transmitted by e-mail. We are a registered partnership company, but Pan Card came, generated in the name against as a company.

What we`re going to do. A Permanent Account Number (PAN) is a ten-digit alphanumeric identifier issued in the form of a “PAN card” laminated by the Indian Income Tax Authority to any “person” who requests it or to whom the Department assigns the number without application. It can also be obtained as a PDF file. All partnerships in India are governed by the Indian Partnership Act 1932.