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Country: United States
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Q: What are the disadvantages of applying for a PAN card from USA?
A: There are no disadvantages that I can think of when it comes to applying for a PAN from abroad other than the higher cost:
•Rupees 96 when mailed to Indian address compared to Rupees 962 for...
Q: Pan card issued while in USA will be valid if PAN card holder return to India?
A: Pan cards are valid not only all over India, but are valid worldwide. Regardless of where you live, whether you file a tax return or not, your Pan card continues to be valid; unless of course the...
Q: Is it is mandatory for an NRI to apply PAN card in India?
A: Pan card is mandatory in India only if you have taxable income that requires filling of tax in India. Pan card is not mandatory for Indians settled abroad who have no income to file in India.Having...
Q: Do Nris need PAN card to open bank account, buying property of a car, buying selling shares or mutual funds etc?
A: As an NRI you do not need a Pan Number to open a bank account, buy property or a car. However you do need a Pan Number when purchasing stocks etc. To buy stocks and shares you need a 'demat'...
Q: Can an NRI own two sets of PAN cards?
A: No, Obtaining / processing more than one PAN card is against law and may attract a penalty upto INR 10,000/-. In case a person is in possession of more than one PAN card, he should surrender the...
Q: Procedure for applying PAN card to open bank account for PIO residing outside India Dual Citizenship?
A: Documents to be submitted as Proof of Identity and Address by Citizen of India located outside India at the time of application for PAN:
Proof of Identity: Copy of passport
Proof of Address:...
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