Need PAN card for minor? You can get one by doing this
Citizens still do not have clarity that the Income Tax Department, does allow parents or guardians to apply for a new PAN card for a minor.
Not many are aware that a Permanent Account Number (PAN) card can be availed even for your children below 18 years. In fact, the Income Tax department allows parents or guardians to apply for a new PAN card for a minor. The PAN card of a child can be required for several reasons including investment purposes. If a minor does not have a PAN card, then banks or other financial institutions do not allow any investment in his or her name. According to the Income Tax Act, one of the parents or guardians can apply for a PAN card for minor. In this case, documents of both parent, guardians and minor will be required. The proof of identity and address involves details like Aadhaar number, ration card, passport, voter id, driving license, pension card, passbook and electricity bills, among others.
It needs to be noted that, if you are guardian who is applying, then you will have to present a statement of proof which notifies you with legal status for the child. Further, just like Aadhaar is mandatory for PAN card above 18 years of age group, this 12-digit biometric is also compulsory. Aadhaar of minor should be mentioned in the application form.
Here’s how to apply PAN card for minor online.
You must visit the official website of NSDL. Choose new PAN card in the section of application type. Select individual in category. Then provide details like first name, middle name, last name, date of birth, email id and mobile number. Once done, add a captcha code in a small box given below and submit.
Further, upload photographs and documents of identity and address for proof. Documents will be needed of the minor and parents or guardians as well.
Digital signature will be needed of guardian or parents. Make application fee using credit card, debit card, demand draft or net banking to proceed. Once these procedures are completed, click on submit button.
You will receive an acknowledgement number having 15-digit which can be used to track the status of the PAN card.
Offline Application:
You will have to download Form 49A from the NSDL website. Similar details and documents will be needed like online ones. Attach two photographs of the minor once filled correctly. Have a thorough check before submitting to avoid error and omissions. Submit the form with attachments at nearest NSDL centres.
Notably, the physical PAN card of a minor will not have any image. It will include details of the minor but with your name and signature as well.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
06:22 PM IST