1. Build your Credit Score
2. Reduce your Current Borrowing / EMI Costs
PAN is a ten-digit alphanumeric number which is issued by the Income Tax Department. The benefits of owning a PAN card are immense. Apart from acting as a valid identity proof, PAN can also be used as a valid document to undergo any form of financial transactions, sale or purchase of assets, applying for a savings account, credit cards or visa.
Due to the plethora of applications of PAN card, it could be problematic, which is the reason why people panic when they lose their PAN card. However, the best way to deal with the loss of your PAN card is to apply for a new PAN card. You'll be required to provide details of the existing PAN card and documents to apply for a new PAN card.
You need to follow these steps to apply for a duplicate PAN card:
The first step is to lodge a complaint in the police station regarding the loss/theft of your PAN card. Lodging a complaint would ensure that the PAN card isn't used fraudulently by anybody.
After lodging a complaint, you need to visit the nearest PAN Centre or NSDL TIN Facilitation Centre and avail Form 49A from there. The individual must carry a letter requesting the IT department to issue a new PAN card. Along with the letter, the individual is required to provide identity proof, address proof and other relevant documents and a copy of the FIR to apply for a new PAN card.
The third step is to fill the Form 49A carefully to avoid any mistakes in the PAN, because if the PAN details provided by you do not tally with the details in the existing PAN card, it could lead to rejection of the PAN application. You also need to paste a passport-sized colored photo on the right-hand side of the PAN application and attest it with your signature.
After the application form is filled correctly, you need to make the payment via cheque or Demand Draft and send a copy of the DD/cheque along with the PAN application to the PAN/NSDL office. On the front-side of the envelope, you need to write 'Application for PAN'
The duplicate PAN will be issued by the PAN office after proper verification of the details provided by the applicant. Once verified, the newly furnished PAN card will reach within two to three weeks.
Tax Information Networks receives a number of complaints on lost PAN card on a daily basis. To speed up the process of dispatching new PAN cards to people who are in need, the Tax Information Network uses the online portal. If you wish to apply for a new PAN card online, you can visit the NSDL or UTIITSL official website and fill up the lost PAN card application. To complete the procedure you need to provide the identity and address proof along with the details of the existing PAN card. After you have submitted the form to the Income Tax Department, your details will be verified and a new PAN card will be issued to you within two to three weeks. The Tax Information Network's online portal can be used by both Indians and foreigners to apply for a new PAN card.
If individuals wish to apply online for a duplicate PAN card, they can do so by sending the application to the nearest PAN/NSDL center.
You can apply online for reprinting a PAN card in case you have lost or misplaced the PAN card by visiting the NSDL/UTIITSL web portal. Here are a few steps that could be followed to apply for a new PAN card online.
Losing a PAN card could be problematic in many ways since it is considered to be a primary document in many official procedures. However, the Tax Information Network has opened the online portal so that it is easier to deal with a lost PAN card. Here are a few points that you need to remember if you have lost your PAN card: