70. NRIs can conduct transactions without a PAN

Q: My wife and I are OCI. We have just moved back to Delhi, India from USA. We are both retired and will not be working here. We would like to stay in India for about next 10 years. Do we need to get a PAN number if so how to get it, what address to use etc. We want to buy a car but they are asking for PAN number. Can we get a drivers license here, what all is required. I am sorry for asking so many questions. Thank you for your help. Emmanuel Qureshi A. To get a PAN, you simply need to fill out the application form mail it. The fee for a Pan is now Rupees 94. You will also need a passport size photo. The form for applying for a Pan card is called 'Form49A' you can download the form HERE. I am sure your bank would also have copies of this form. They are free. PAN applicants need to provide proof of identity and proof of address with their applications. As proof of address you should just get a bank account statement from your bank in India. This is the easiest document to get. As proof of identity you can use your passport. Fill in your residential address in India on the form. Your Pan card will be mailed there to you. While a PAN is required to buy a car in India, NRIs can buy cars without a PAN card by just filling in Form 60. You should let the car dealer know that you are an NRI living in India and ask him to get Form 60 for you to fill out. This is an exemption from the PAN requirement and your car dealer can use form 60 in lieu of a PAN to register your car in India. It may however be advisable to get a PAN as you will be staying in India for a number of years and a PAN is a good form of identification. Getting a drivers license in India is an easy process and discussed in detail on this website, please check how to get a driving license in India. Good luck with your stay in India.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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70. NRIs can conduct transactions

without a PAN

Q: My wife and I are OCI. We have just moved back to Delhi, India from USA. We are both retired and will not be working here. We would like to stay in India for about next 10 years. Do we need to get a PAN number if so how to get it, what address to use etc. We want to buy a car but they are asking for PAN number. Can we get a drivers license here, what all is required. I am sorry for asking so many questions. Thank you for your help. Emmanuel Qureshi A. To get a PAN, you simply need to fill out the application form mail it. The fee for a Pan is now Rupees 94. You will also need a passport size photo. The form for applying for a Pan card is called 'Form49A' you can download the form HERE. I am sure your bank would also have copies of this form. They are free. PAN applicants need to provide proof of identity and proof of address with their applications. As proof of address you should just get a bank account statement from your bank in India. This is the easiest document to get. As proof of identity you can use your passport. Fill in your residential address in India on the form. Your Pan card will be mailed there to you. While a PAN is required to buy a car in India, NRIs can buy cars without a PAN card by just filling in Form 60. You should let the car dealer know that you are an NRI living in India and ask him to get Form 60 for you to fill out. This is an exemption from the PAN requirement and your car dealer can use form 60 in lieu of a PAN to register your car in India. It may however be advisable to get a PAN as you will be staying in India for a number of years and a PAN is a good form of identification. Getting a drivers license in India is an easy process and discussed in detail on this website, please check how to get a driving license in India. Good luck with your stay in India.
© Copyright 2006 Nriinformation.com
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail.
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