Company PAN Card

A Company PAN Card is a unique 10-digit alphanumeric identifier issued by the Income Tax Department of India. It serves as the tax identity for companies, enabling them to:

• File income tax returns
• Open business bank accounts
• Register for Goods and Services Tax (GST)
• Engage in financial transactions and contracts
• Participate in government tenders and procurements

All companies operating in India, whether domestic or foreign, are required to obtain a PAN card.

Documents Required for Company PAN Card

For Indian Companies:

1. Certificate of Incorporation: Issued by the Registrar of Companies.
2. Proof of Address: Utility bills, bank statements, or other official documents.
3. Identity Proof of Authorized Signatory: PAN card, Aadhaar card, or passport.
4. No Objection Certificate (NOC): If applicable, from the Ministry of Corporate Affairs.
5. Company Seal and Stamp: For authentication purposes.

For Foreign Companies:

1. Certificate of Registration: Issued in the country of origin, duly attested by an Apostille, Indian Embassy, or authorized officials.
2. Approval Certificate: Granted by Indian authorities to set up an office in India.
3. PAN Application Form 49AA: Duly filled and signed.
4. Bank Draft: In INR, payable to Protean eGov Technologies Limited, Mumbai.

Note: All documents must be self-attested and, where applicable, notarized or apostilled.

Application Process for Company PAN Card

Online Application:

1. Visit the NSDL Website: Go to the NSDL PAN application portal.
2. Select Application Type: Choose ‘New PAN – Indian Citizen (Form 49A)’ or ‘New PAN – Foreign Citizen (Form 49AA)’.
3. Fill in Details: Enter company information, including name, date of incorporation, and contact details.
4. Upload Documents: Attach the required documents in the specified formats.
5. Payment: Pay the application fee online.
6. Acknowledgment: After submission, an acknowledgment receipt is generated.
7. Dispatch Documents: Send the signed acknowledgment and supporting documents to the NSDL office.

Offline Application:

1. Obtain Form 49A/49AA: Download from the NSDL website or collect from a PAN center.
2. Fill the Form: Complete the form in block letters using a black pen.
3. Attach Documents: Include all necessary documents as per the checklist.
4. Submit Application: Visit the nearest PAN center to submit the application and pay the fee.
5. Acknowledgment Receipt: Collect the receipt for tracking purposes.

Processing time is typically 15-20 working days.

Application Fees

• For Indian Companies:
  • Physical PAN Card: ₹107
  • e-PAN Card: ₹66
• For Foreign Companies:
  • Physical PAN Card: ₹1,017
  • e-PAN Card: ₹1,011

Fees are inclusive of GST and may vary based on the mode of application and delivery.

Importance of Company PAN Card

• Legal Compliance: Mandatory for tax filings and financial transactions.
• Financial Operations: Essential for opening bank accounts and processing payments.
• Government Registrations: Required for GST registration and other statutory compliances.
• Business Credibility: Enhances trustworthiness among clients and stakeholders.

Failure to obtain a PAN can result in higher tax deductions and legal complications.