NRI PAN CARD
Home \ NRI PAN Card
Setting Up Business In India
Oldest Indian Tax Advisors for You
Our Team Handles Income Tax, Goods & Services Tax, Corporate Law, RBI & FEMA Matters.
Our Firm Sunil K. Khanna & Co. was founded in 2nd February, 1976 by our founder Late CA. Sunil Kumar Khanna. He founded the firm with a vision to build an institution of learning for the team members associated with the firm and to render a one stop solution to his clients. We are one of the leading Chartered Accountant Firms In India offering services in the field of Income Tax, Goods & Services Tax, Corporate Law, Regulatory Compliance and Audit & Assurance. The immense experience of the firm helps in rendering a wide variety of services to Indian and Multi National companies.
First Consultation Absolutely Free
PAN – Permanent Account Number is issued by the Indian Income Tax Department in India for identification of every individual and incorporated body. Every Individual or body can only have a unique permanent account number. The PAN is used by the Tax payers to maintain compliances of the Income Tax such as filling of Income Tax Return, Depositing Income Tax, Deducting Withholding Taxes and much more. For all correspondence and identification Income Tax PAN is required.
Who is Required to Have a PAN Card ??
PAN is to be obtained by following persons:
Every person if his total income or the total income of any other person in respect of which he is assessable during the previous year exceeds the maximum amount which is not chargeable to tax.
Every person who intends to enter into the following specified financial transactions in which quoting of PAN is mandatory
Specified Financial Transactions
- Sale or purchase of a motor vehicle or vehicle
- Opening an account [other than a time-deposit referred to at Sl. No.12 and a Basic Savings Bank Deposit Account] with a banking company or a co-operative bank.
- Making an application to any banking company or a co-operative bank to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) or to any other company or institution, for issue of a credit or debit card.
- Opening of a demat account with a depository, participant, custodian of securities or any other person registered under sub-section (1A) of section 12 of the Securities.
- Payment to a hotel or restaurant against a bill or bills at any one time exceeding Rs.50,000/- in cash
- Payment in connection with travel to any foreign country or payment for purchase of any foreign currency at any one time exceeding Rs.50,000/- in cash.
- Payment to a Mutual Fund for purchase of its units for an amount exceeding Rs.50,000/-
- Payment to a company or an institution for acquiring debentures or bonds issued by it for an amount exceeding Rs.50,000/-
- Payment to the Reserve Bank of India, constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934) for acquiring bonds issued by it for an amount exceeding Rs.50,000/-
- Deposit with i)Banking Company and ii) Post office, cash deposits exceeding Rs.50,000/- during any one day
- Purchase of bank drafts or pay orders or banker’s cheques from a banking company or a co-operative bank for an amount exceeding Rs.50,000/- in any one day
- A time deposit with,—
(i) A banking company or a co-operative bank
(ii) A Post Office;
(iii) A Nidhi referred to in section 406 of the Companies Act, 2013 (18 of 2013); or
(iv) A non-banking financial company which holds a certificate of registration under section 45-IA of the Reserve Bank of India Act, 1934 (2 of 1934).
- Payment for one or more pre-paid payment instruments, as defined by Reserve Bank of India under section 18 of the Payment and Settlement Systems Act, 2007.
- Payment as life insurance premium to an insurance company for an amount aggregating to more than fifty thousand rupees in a financial year
- A contract for sale or purchase of securities (other than shares) as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956).
- Sale or purchase, by any person, of shares of a company not listed in a recognised stock exchange for an amount exceeding one lakh rupees per transaction.
- Sale or purchase of any immovable property for an Amount exceeding ten lakh rupees or valued by stamp valuation authority referred to in section 50C.
- Sale or purchase, by any person, of goods or services of any nature for an Amount exceeding two lakh rupees per transaction.
What We Do
We would like to introduce ourselves as a firm of chartered accountants practising in India for over many years and pioneer in Corporate Advisory, Taxation and Accounting.
We are one of the oldest firms in India and a pioneer in taxation for Corporate, Non Resident Indians and Foreign Nationals.
For Filling a PAN Card Application we need the following documents from your side
1 . Proof of Identity:
- 2 Passport Size Latest Colour Photographs (Mandatory)
- Copy of passport (Mandatory)
- Copy of Person of Indian Origin card issued by the Indian Government, OR
- Copy of Overseas Citizens of India OCI card issued by the Indian Government, OR
- Copy of other national or citizenship Identification Number or Taxpayer Identification Number duly attested by Apostille or by Indian Embassy or High Commission or Consulate in the country.
2 . Proof of Address:
- Copy of passport (Mandatory)
- Copy of Person of Indian Origin (PIO) card issued by the Indian Government, OR
- Copy of Overseas Citizenship of India (OCI) card issued by the Indian Government, OR
- Copy of other national or citizenship Identification Number or Taxpayer Identification Number
- Copy of bank account statements in the country of residence, OR
- Copy of non-resident external bank account statements in India, OR
- Copy of registration certificate which is issued by Foreigner’s Registration Office and shows Indian address, OR
- Copy of Visa granted by the foreign country and/or copy of appointment letter issued by an Indian company and original certificate of Indian Address issued by employer
The Documents are required to be duly Apostille or Attested by Consulate of Indian Embassy or High Commission or Consulate in the country where the PAN applicant is permanently residing.
Procedure for PAN Application
We, Sunil K. Khanna & Co. provide complete assistance for obtaining a Permanent Account Number in India. Our process starts when you send us preliminary documents before attestation for our internal scrutiny. Once it is scrutinised by our expert team we confirm you for getting them attested/ Appostiled in your home country. After Attestations the documents are sent to us for filing your application of PAN Card in India. Once we file the documents we send across the acknowledgement number for your reference and track the application internally. Once the number is allocated we send you a communication for allotment of Permanent Account Number. The Original PAN Card is dispatched by the Authority directly at your registered address through speed post. We send you the dispatch details of the courier and upon successful receipt of the PAN Card we close our case. The process turn around time is around 15-20 Days from the successful filing of application.
We, Sunil K. Khanna & Co. charge a consolidated fee of Rs.5,000/- for the complete process which includes the Authority Filling Fee of Rs.1,100/-, documentation and other incidental charges incurred by our firm. The Fee is payable along with the filing of application. We only charge you once while filing an application. No Extra Charges would be levied for repeated communications with the authority in case of any discrepancy.
We would like to inform you that we offer customised services to our Non Residents and Foreign National Clients which broadly include the following :-
a) Obtaining a Permanent Account Number in India
b) Maintaining Bank Accounts & Managing Compliances
c) Filling & Processing of Tax Returns & Managing Compliances
d) Maintaining Investment Records and Managing Compliances
e) Managing Inherited Investments & Assets including buying & selling
f) Assisting Process of Repatriation of Funds from India to Overseas Accounts & Vice-versa
g) Seeking Approvals from Regulatory Authorities such as Reserve Bank of India, Income Tax Department etc.
h) Filling & Processing of Property Tax Returns & Managing Compliances
i) Valuation & Inspection of Assets
j) Managing compliances for Returning Non Residents to India
k) Setting Up Business in India & Managing Compliances
Saved By Legitimate Tax Planning For Our Clients
Sometimes you may find yourself in difficult situations and not be able to defuse
the situation without going to court.
Recovered from Tax Authorties as Tax Refunds For Our Clients
Sometimes you may find yourself in difficult situations and not be able
to defuse the situation without going to court.
Get In Touch
I have had the pleasure of knowing Sumeet for more than 20 years now and during this period have closely interacted with him in several professional matters. His ability to find creative solutions has been outstanding. With his vast experience and accounting background he is able to give very good professional guidance and he has a good team of professionals in his firm. I have found Sumeet highly reliable, efficient and professional.
I am an NRI Living in Jakarta, Indonesia. I was looking for a CA as I was selling my property in India in 2019 and was referred to CA Sumeet Khanna by my agent. I then had an online meeting with CA Sumeet Khanna who advised me on how to minimise the withholding tax on the capital gains arising from the sale. He then arranged to issue a certificate u/s 197 with NIL rate of TDS on Long Term Capital Gains for NRI. He also arranged capital gain exemption bonds for me to save the capital gains tax. He also followed up on the Income Tax Refund in india. Since then it’s been over 3 years he has been handling my Income Tax compliance. I truly find him to be thoroughly professional with a high quality in his work.
Sumeet Khanna is among the most knowledgeable, professional and communicative chartered accountants that I’ve had the opportunity to engage with. He is highly responsive, patient, detail-oriented, thorough, extremely knowledgeable and takes the time to explain everything in a clear, concise and transparent manner unlike any other CA I’ve interacted with. As an international businessman who is accustomed to high caliber people, I can say with confidence that Sumeet is among the best. I provide my strong endorsement of him.