Q704. Register Property in India without PAN

Question: I want to register a new house Bangalore , But i don't have PAN Card ? Is it possible? NRI UK citizen? Thanks [November 21, 2015]

Answer: Generally, foreign citizens of Indian origin are exempt from providing PAN. When a transaction calls for producing a PAN, those who do not have PAN are required to file a declaration in Form 60. This is accepted in lieu of PAN. Instead of PAN card number, Form 60 is then submitted to the Income tax department. View Form 60 sample [HERE] It is common practice now in India that PAN is required in India for registration of immovable properties valued at five lakh rupees or more. Since getting a PAN card in India is relatively easy, many non-residents are advised by builders, brokers etc. to simply get a PAN as things move faster, without the requirement of additional documents/questions that some registrars might come up with. Furthermore, when selling or repatriating sale proceeds of property, PAN will be required.