NRI PAN Card: A Comprehensive Guide

A PAN or Permanent Account Number is a unique 10-digit alphanumeric number that identifies taxpayers. Every citizen and non-resident of India can apply for it.

NRI PAN Card Vs Normal PAN Card

The PAN card for NRIs is different if you compare it with the one for normal citizens. However, the purpose of having it is similar, which is to identify taxpaying non-residents of India who may be employed, running business, or serving different purposes abroad.

With the advent of digitization and online trends, its application process is shifted over the internet for the convenience of applicants. Even, Indian emigrants can apply for it on its official website: https://www.pan.utiitsl.com/newAA.html.

The only difference can be seen in the supporting documents, such as the proof of NRI status and foreign address, which must be enclosed with its application.

If the application process for an NRI PAN card is compared with a regular PAN card, there is a little difference. Certain documents like proof of NRI status and foreign address are required in their case.

Also, the NRI PAN card also states the status of the cardholder as “NRI”. In short, this card makes their financial transactions easier. They can file tax returns, and invest in India also. All in all, it’s a crucial document that can make their financial transactions easier.

Having an NRI PAN card is essential for NRIs to carry out financial transactions, file tax returns, and invest in India, making it a vital document for managing their financial matters.

What is NRI PAN card fees?

The fee structure for NRIs is similar to a regular PAN card application. It is issued by the Income Tax department, which is INR 110 (which excludes Goods and Services Tax, if applicable).

But still, every applicant should check the fee structure before applying. It is simply because the changes in regulation may push the authority to revise its fee. So, you need to verify the current fee and procedure on its official website. You may also consult it with an NRI consultant who always stay tuned with the most up-to-date information about this card.

How can NRIs get PAN card?

The process of its application is simple. The best thing is that its application form is accessible online and offline. For non-residents, the online method can be convenient. Typically, following these steps can help in obtaining this card:

Visit the official website, i.e., https://www.pan.utiitsl.com/newAA.html.

Four options will be there:

• Apply for a New PAN card (Form 49AA)
• Regenerate online PAN application (Form 49AA)
• Apply using your Digital Signature Certificate for signing online
• Download blank PAN Form 49AA (PDF)
• Click the option (a) for filling the application form online. It will require details regarding your name, address, date of birth, phone number, email ID, country of citizenship, etc.
• Once filled, submit the application electronically.
• The website will be directed to a payment gateway to pay out the fee online. Pay it online.
• Save the receipt to check the status of your application later.

Note: Those who can visit the nearest UTIITSL or NSDL TIN Facilitation Center or Indian Embassy/Consulate, may go with all supporting documents to support.

Link PAN with Aadhaar Card

Non-residents are also required to link their Permanent Account Number with Aadhaar like a normal citizen. The central government has made it mandatory to do so for controlling tax evasions and maintaining financial transparency.

This linking can be done through the official income tax e-filing portal. The process starts with logging into the portal, entering PAN, Aadhaar number, and other necessary details. You need to follow the instructions to successfully link it.

Benefits of a PAN Card for NRIs

• Having this card comes up with multiple benefits for Indian emigrants. These advantages include:
• Tax compliance benefit, which helps in effortlessly filing income tax returns in India. This practice ensures to meet their tax obligations and avoid penalties.
• Financial transactions can be smoothly occurred, which allows easy transactions, such as buying/selling property, opening a bank account, or investing in the Indian stock market.
• Claiming tax refunds becomes like a walkover using a valid PAN.
• Being a legal identity, this card helps in various official processes, including obtaining other government-issued documents.
• Get off higher TDS with it, as NRIs may face higher TDS (Tax Deducted at Source) rates on their income.
• Also, this card ensures streamlining financial matters of non-residents, which keep them engaged in financial activities here in India seamlessly.