How To Get Your TAN or PAN Cancelled?

My ltd. company has acquired another company in Fy 2006-07.I would like to know the procedure of cancellation of TAN and PAN of the merged company since the acquirer company will now file all returns.Mahesh

The TAN can be cancelled by following procedure:

1. Go to http://tin.nsdl.com.
2. Download the form "Form for Changes or Correction in TAN"
3. Fill up properly and indicate TAN numbers you want to cancel in point 6 of the Form.

Thats it!

Cancellation of PAN

There is no express provision given for process of cancellation of PAN .However, there is provision for cancellation of more than one PAN. I think form for "change or correction of PAN data" from the NSDL or UTISL website should be utilised for cancellation of PAN.Point no 10 of such form is the column to indicate which PAN you want to cancel. In my opinion, go an meet the official concerned of these two institution for proper guidance.

However, I presume that government will never cancel the PAN , maybe your PAN shall be made ineffective after your application. Reason is that income tax department scrutinises the accounts in back years and that way if your company which will not be in existence is cancelled , the department will not in position to verify the transactions of past.

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When Are You Required To Quote PAN?

The government has made the PAN a very important number as you are reuiqred to quote these numbers in most of the important transaction entered by you in day to day life. The following chart show the transaction which require your PAN before the transaction is completed.


In case some body has no PAN, he/she can file form no 60 as a declaration and then transaction can be done.

Tags: PAN

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How Can A Non Resident Get PAN?

Now that CBTD has allowed Non Resident to get a PAN , everyone who is Non resident should get PAN because for most of the financial transaction, PAN is mandatory in India.The circular issued by System wing of CBDT is given below

PAN Circular No. 4 Dated: 11.10.2006

“Following guidelines are issued to facilitate the allotment of PAN to citizens of India residing outside India, foreign citizens and other persons (like companies/trusts/firms) having no office of their own in India:

I. Citizens of India residing outside India and foreign citizens Service providers shall accept applications from these categories of natural persons (individuals), without insisting on details of a representative assessee. Details of addresses and proofs required for identity and address in such cases will be as per Annexure "A " enclosed

II. Other persons (like companies/trusts/firms) having no office of their own in India: Service providers shall accept applications from these categories of applicants, without insisting on details of a representative assessee. Details of addresses and proofs required for identity and address in such cases will be as per Annexure A enclosed

III. Service providers should advise applicants in the above mentioned categories to clearly indicate the address at which the PAN card and other communication should be sent in column 6 of Form No.49A, and also to invariably mention their email id in column 7 of Form No.49A. Service providers are permitted to charge applicants courier charges for PAN cards required to be delivered abroad, in addition to the application fee of Rs.60 plus applicable service tax. Details of service charges and delivery time shall be put up on the web-sites of the respective service providers

IV. Codes 99 and 999999 should be entered for State and PIN fields respectively for the class of PAN applicants not having Indian address. However, actual foreign ZIP / PIN code should be populated in any of the 5 address fields (preferably last) along with the name of the country.

V. Service providers should also place on their respective web-sites the available Assessing Officer (AO) codes of International Taxation Directorate and advise the applicants to mention AO code out of these codes. However, if no AO code is mentioned in the application or the AO code mentioned is other than of International Taxation Directorate, then the first international taxation Assessing Officer of Delhi may be used as default AO code.”

The documents require for application is given in annexure to the circular

Tags: NRI, PAN

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How to Change or Make Correction In Allotted PAN?

Whether the old Pan Card is required to be surrendered in case of a women citizen if the PAN remains the same after marriage & only there is a name change.g_karandikar@times.com

The PAN is Permanent Account Number. There is no need to change the number allotted to the woman, however if she has legally changed her name or want to change her name , it is best to surrender the PAN and apply a fresh one.
If however , you want to change only address and legally name has not been changed even after marriage, I shall advise you to get the address change only. For all these , you can download form from here.

Following are the FAQ given on NSDL site .

When should I submit the application in the form "Request for New PAN Card or/and Changes or Correction in PAN data"?
Ans. You can submit the application in the form "Request for New PAN Card or/and Changes or Correction in PAN data" in the following cases:

• When you already have PAN but want a new PAN card,
• When you want to make some changes or corrections in your existing PAN details.

Are there any charges for the form for "Request for New PAN Card or/and Changes or Correction in PAN data"?

• The form is freely download able from NSDL-TIN website. It is also available with the TIN-FCs, who may charge a maximum of Rs. 5 per form.

Are there any fees to be paid while submitting the form for "Request for New PAN Card or/and Changes or Correction in PAN data"?

• You have to pay Rs. 60 (plus service tax, as applicable) to TIN-FCs as processing fees while submitting the form for Request for New PAN Card or/and Changes or Correction in PAN data.

How do I obtain a new PAN card without any changes in details?

• When you have a PAN but have not received your PAN card/in case you have lost your PAN card, then you have to fill all the columns in the form for Request for New PAN Card or/and Changes or Correction in PAN data but do not have to tick any of the boxes on the left margin. In case of an individual, you have to affix a colour photograph of the size 2.5 cm X 3.5 cm.

What should I do if there are any changes or correction in PAN data?

• The applicant is required to fill all the columns of the form and tick the box(es) on the left margin of the appropriate item where change/correction is to be done.

What are the documents required to be furnished while submitting the form?
Following documents are required to be submitted along with the form:

1. Proof of PAN (the one currently in use - mentioned at the top of the application);
2. Proof of PAN(s) surrendered, if available;
3. Proof of identity;
4. Proof of address;
5. Proof in support of changes sought*, if any;
   

What documents can be submitted as proof of PAN?

• Any one of the following documents can be submitted as proof of PAN:
• a) Copy of PAN card
  b) Copy of PAN allotment letter
  No other documents are acceptable as proof of PAN.
  If any proof of PAN is not available, the application will be accepted on a 'good effort' basis.

When is it necessary to affix a photograph on the form for "Request for New PAN Card or/and Changes or Correction in PAN data"?

• Individuals should always affix a recent colour photograph (size 3.5 cm x 2.5 cm) in the space provided on the form. The photograph should not be stapled or clipped to the form. The clarity of image on PAN card will depend on the quality and clarity of photograph affixed on the form.

What is the procedure to be followed when the applicant wants to update only the address?

• Ans. When the applicant wants to update the address for communication he should fill all the columns of the form and should tick the box on the left margin of address for communication. (In case of any online application, this box is automatically ticked).
• He should also indicate whether this is his Residence or Office address.
• All applicants other than individuals or HUF should mandatory state office address as address for communication.
• If the applicant wants to update any other address, he has to file the details of the same in the additional sheet which is to be attached with the form. In such cases the applicant is also required to tick in the box provided on the left of item no. 8 on the application form.
• The applicant has to mandatory provide proof of communication address.
• If change in any other address is sought, the applicant has to provide proof of the same.

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Is an Non-Resident required to obtain PAN ?

No. Under Rule 114C(1)(b) of I T Rule , The provision of section 139A shall not apply to the Non-Resident. Therefore non-residents are not required to obtain a PAN.

Second proviso to Rule 114B states that such person who are not required to have PAN should make declaration in Form 60 for entering into any transaction which requires mandatory mention of PAN.

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All you ever wanted to know about PAN!

What is PAN ?
This is Permanent Account Number- a unique 10 digit number allotted to each taxpayer for his identification. Section 139A of the I T Act deals with PAN.
Why PAN ?
The govt. wants to track the expenditure ,investments,payments and receipts so as to keep a tab on potential tax evaders. The system is being in put in place that moment you buy or sale or transacted or paid or got receipt of sums above a certain limit the the Assessing Officer of the persons involved in such transaction will be notified automatically. How , simply the system will track through the PAN number of that person and notification to the A.O having jurisdiction over that assesse .
Why should I get a PAN ?
If you want to transact in shares, want to do Term Deposit or Fixed deposit or buy a house or spend on hotel or go to foreign countries having expense above a certain limit or has to fie a Return of Income, a exporter and many other transactions , you need to give your PAN to the person with whom you are transacting. Just think that PAN has become essential for many transactions , without it you may not be able to transact many things.The I T Act has made it mandatory to quote the correct PAN on the return Section 139A(5).
Can I apply online ?
Yes,You can.For online ,click UTISL or NSDL link.
What is offline method?
Download the Form 49A from here. This form duly filled in should be deposted with either UTISL offices which are setup countrywide.
What if there is an error in PAN card ?
This can be rectified if you notify either to the Agency which allotted you PAN or the A.O having jurisdiction over your case. For detailed query pn this subject ,you can click here.
I have got two PAN .What to do ?

Simple,write a letter to the A.O under whom you file Return. He will delete the PAN you do not want to have.
Is there any time limit for applying the PAN?
Yes, time limit is as follows :

(i) if his total income exceeded Rs 1 Lac

(ii) Business persons or professionals whose total sales or gross receipts exceeds five lakh rupees

(iii) who is required to furnish a return of income under sub-section (4A) of section 139;

(iv) being an employer, who is required to furnish a return of fringe benefits under Section 115WD

For the (i), time limit is on or before 31st May of the assessment year in which such income is assessable.

For the (ii) and (iii) , on or before the relevant accounting year.

For the (iv), No time limit is prescribed.

Are there any kind of penal provision for not adhering the PAN requirements.

For not adhering to Section 139A , you can be fined upto Rs 10000 by the A.O under section 272B (iv).

For quoting wrong PAN , you can be fined upto Rs 10000 under section 272B (2).

However, rememebr before you are finde , you will be given opprtunity of being heard.

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