Posted on March 4, 2010.
East India PAN card mandatory for NRI - Non Resident Indians Lose your card PAN?
The identity document, known as a ration card has been replaced by the PAN card. A PAN card is important to check your history and is used as a passport to become financially free. Below, a little help if you lose this document.
United States of America, the social security card is extremely important. It identifies each resident taxpayer. The Indian PAN number is equal to the social security card.
What does that mean NAP?
NAP is abbreviated permanent account number. This is a card that has a 10-digit code on the subject. It is given to all taxpayers. Here is an example of a NAP JBPKSD4779.
Why PAN card needed?
You need a PAN card when you file your tax return and when filing Challans. Once you earn income in India, you need for your PAN immediately. You will not be able to open a bank account in India without a PAN card.
It is also necessary to have a map of the machine if you want to invest in financial instruments like mutual funds, Demat accounts, or stocks in India. A PAN card is mandatory if you want to buy or sell property or a vehicle. Things like hotel bills, cash payments exceeding $ 625 during a trip overseas, deposit money, or by telephone / mobile connection request that you submit proof of your PAN card.
What if I lose my card PAN.
Perform any financial transaction without PAN is almost impossible, it is important to take care of her. Its small size and that you carry with you a lot, so it might be easy to lose.
If you have lost your PAN, you should not be alarmed. Follow these steps to take care of the situation:
- Report it lacks the police station nearest to the minute you see that your PAN card is missing. If you are outside the country and not to visit India in the near future, someone located in India to report to you.
- Write and send a letter to the Department of Revenue to let him know that you have lost your PAN and ask them to send you a replacement card. Attach a copy of police report to the letter.
- Reapply for your PAN card and attach with any other important documents.
Try to make a photocopy of the PAN card to help prevent astray again.
