241. Is Pan Card Compulsory in India
Q. Hi there, i have recently re-located, moved to Bharat from South Africa, Could you please tell me the process for registration of a business here? 1. do i need the tax/pan number first? 2. how to get that? 3. what is the cost? 4. how to avoid paying commission for these services? Thank you so much for the website. RadheRadhe A. Pan card is not mandatory in India. You will need a PAN if you have taxable income in India. To file your taxes in India a PAN is required. Even if you don't anticipate any income in India it makes good sense to get a PAN card as it is a good form of identification. For instance even to get a Sim Card for your cell (mobile) phone in India you need proper ID and PAN card is acceptable. For more information on PAN click HERE. There is no commission charged if you fill and submit the PAN application yourself. Agents who help you get PAN cards charge a nominal fee of about Rupees 150 only. Sometimes paying a small commission saves a lot of time and even money in the long run.
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
NRI - OCI - PIO Guide & Information
NriInformation Questions &Answers
Read Disclaimer at bottom of page
241. Is Pan Card Compulsory in
India
Q. Hi there, i have recently re-located, moved to Bharat from South Africa, Could you please tell me the process for registration of a business here? 1. do i need the tax/pan number first? 2. how to get that? 3. what is the cost? 4. how to avoid paying commission for these services? Thank you so much for the website. RadheRadhe A. Pan card is not mandatory in India. You will need a PAN if you have taxable income in India. To file your taxes in India a PAN is required. Even if you don't anticipate any income in India it makes good sense to get a PAN card as it is a good form of identification. For instance even to get a Sim Card for your cell (mobile) phone in India you need proper ID and PAN card is acceptable. For more information on PAN click HERE. There is no commission charged if you fill and submit the PAN application yourself. Agents who help you get PAN cards charge a nominal fee of about Rupees 150 only. Sometimes paying a small commission saves a lot of time and even money in the long run.
© Copyright 2006 Nriinformation.com
NriInformation FAQ
Read Disclaimer at bottom of page
