pkbnewsJanuary 2, 2023
PKBnews India Edited by: Neeraj Patel
Updated: January 02, 2023 | 5:21 pm
PAN Card for Child: If you want to invest in your child’s name or nominate him, PAN card may be required. How to generate PAN card for minor child? Permanent Account Number (Permanent Account Number) Like Aadhaar, the card is used for identity and address proof. PAN card contains all your financial status information. It is a 10 digit alphanumeric number. Apart from identity card, PAN card is also used for tax filing, ITR filing and TDS claim.
PAN card is mandatory for all taxpayers, businesses, organizations and local governments If one does not have PAN card, the work may be stopped. In this situation, a PAN card is required. Suppose a minor earns more than 15 thousand rupees per month, then he can claim ITR. Income tax return can be filed only if you have PAN card.
Keep these things in mind: If you don’t have PAN card then you can’t claim ITR. A minor’s PAN card is required for making investments, adding nominees to investments, opening bank accounts and minor’s income etc. In this case, in the name of the minor, his parents or any other family member can also apply for PAN card.
The PAN card issued in the name of the minor does not have his photograph and signature. So it cannot be used as proof of identity. When the minor reaches the age of 18, he/she has to apply for PAN card update.
Apply like this: To apply for PAN card, you need to visit the website of NSDL. Now fill form 49A carefully, then submit other documents including small certificate and photograph from parents. A parent’s signature will also be required. Now you have to pay Rs.107. After that you will be given an acknowledgment number, from where you can track your PAN card.
pkbnewsJanuary 2, 2023
