Category Archives: Taxation

Aaykar Setu App – An App that let’s you understand Taxes easily

The common people, either from a business background or the working class, face great difficulty in understanding matters related to tax and getting answers related to their tax related issues. Well, there is nothing to worry now, as the government has taken a firm step to ease of the burden.

IT Department’s Aaykar Setu App

The Aaykar Setu app is a new approach to reach the common man, which has been launched by the Central Board of Direct Taxes. The app comes handy for various tax-related operations such as, online filing of Income Tax Returns, locating nearest Tax Return Prepares, showcasing calculating tools for tax, help in managing PAN and TDS and paying tax.

The app is easily available for Android phone users and can be downloaded from the Google Play Store. It can also be downloaded, simply by giving a missed call on 7306525252.

Also Read : 

What can the Aaykar Setu app do?

The key objective of this app is to make its users understand the basics of income tax. The various services provided by the app are:

  1. TRP at your doorstep– this feature enables users to locate Tax Return Preparer. It provides name, contact and address of TRP along with their location on the Google Maps.
  2. Tax Tools – these are the various tools lined up for calculating tax by putting in some basic information.
  3. Tax Payment– this option allows easy tax payment. Calculate tax in real-time, file the rectifications for tax credit mismatch, inquiry for challan statuscan be handled here.
  4. Return Preparation– this option simplifies the task of filing income tax returns by providing TRP assistance, downloading IT form, calculate tax, etc.
  5. TDS/TRACES – check status for TDS statements; verify From 16 and TDS return filings, all within this section.
  6. Tax Gyaan – this section lets users learn about income tax. It has an MCQ based game which provides hands-on knowledge to the users.
  7. PAN/TAN–this menu allows application for PAN/TAN cards, reissuing, correction, verification of PAN/TAN cards and linking them with Aadhaar cards.
  8. Live Chat – use this space to get answers for all your queries, available between 10am to 6pm on all weekdays.
  9. Ask IT – this is a chatbot designedto provide answers to IT related queries in real-time.

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Why should the Aaykar Setu App be used?

The Aaykar Setu app is a plausible step taken by the government and has some positive aspects such as:

  • It steps-up the Digital India movement that the government intends to bring.
  • The user can carry out all tax related tasks on the go.
  • It is simple to clear any queries through the app’s chatbot feature.
  • The calculating tools of the apps are very accurate.

What needs to be improved?

There are a few things that need to be worked upon like:

  • The app works slowly, even on a fast internet connection.
  • The TRP location takes too long to load.
  • The app directs to webpages for a lot of tasks.

Conclusion

Although, the app makes the tasking process easier, a lot of areas need to be improved. The layout of the app is simple and can be understood by all types of users.

What is GST and How will it affect you ?

A constitutional amendment has been presented by Rajya Sabha in the form of the Goods and Services Tax (GST) in India. This was the most significant agenda of the Prime Minister Narendra Modi’s government to bring an economic reform in the country, which could be accepted for all and which could be accepted by all. GST has helped in reducing the direct and indirect taxes.

Direct and Indirect Taxes

The constitution had divided the power of taxation between the state and the centre. Both are the important levels of the government that have their exclusive areas to levy the taxes. The direct taxes were comprised of the Income tax, which is also considered as the exclusive domain of central government.

Also See : What makes GST different from VAT and CST ?

Indirect taxes were that taxes that were levied on the various levels of the manufacturing of the goods, system of the various services and consumption of the various goods. The taxes levied on the goods and services was the under the exclusive domain of the central government, where as the taxes on the consumption of the goods were mainly under the right of the state government.

The problem in Earlier Taxation Process

In the earlier tax system there were many barriers in the process of taxation. There were many indirect taxes that were levied, such as central excise on the manufacturers, value added tax (VAT) on the consumption of the goods. The prices of the goods used to increase on the final price due to the addition of these taxes.

Since, the states had the exclusive rights on the consumption taxes, the goods coming from other states were considered as the ‘imports’, which gave rise to the central sales tax (CST). This was the reason that though India was one country, but due o the taxation system it had become fragmented. This had increased the costs for he everyone including the consumers.

How does GST work and What are the Benefits of GST ?

The Goods and Service Tax (GST) is an indirect tax reform that will help in removing all the tax barriers that were arising between the states and will help in creating a single market. The consumers in India had no idea that a huge amount of their money was being paid as taxes on the consumption of all goods and services. GST will benefit the consumers in the two important ways.

The first benefit is that all he taxes will be collected only at the point of consumption, which means that if a product is taxed for 18% then that tax will include the taxes for state as well as for the central. This transparency will also deter the state governments to indiscriminately increasing the amount of tax in their states.

The Second significant benefit of GST for the consumers is that the tax barriers between the states are removed. The consumer will not be required the taxes on taxes, which was happening in the tax system in the country. The final consumers will only have to bear GST by the last dealer. GST will be levied by the Central and State Government simultaneously for benefit of the Indians.

Business houses get time till August 16 to opt for GST composition scheme

The government on 22nd July has extended the deadline for all kinds of businesses to opt for composition scheme under the GST regime till August 16.

A Statement by finance ministry said “With a view to ease the compliance burden of provisionally migrated small taxpayers opting to pay tax under the composition scheme, it has been decided to extend the time limit for filing intimation for composition levy up to August 16, 2017,”.

Small businesses having their turnover of up to Rs 75 lakh were given time till July 21 earlier in order to opt for the scheme in the Goods and Services Tax regime.

The finance ministry also said that the government is aware of the concerns of tax payers in India, especially those who are small taxpayers, those arising from transition to the GST regime w.e.f July 1, 2017.

In order to opt for composition scheme, the taxpayer has to log into his account at the GST Portal www.gst.gov.in and select the option which says ‘Application to opt for the Composition Scheme’ under the ‘Services’ menu. The taxpayer has to fill up the Form GST CMP-01 to opt for the scheme.

Under the composition scheme of GST regime, traders, manufacturers and restaurants can pay tax at 1 %, 2 % and 5 %, respectively.

The ministry also said that the taxpayers who are willing to cancel their GST registration can do the same till September 30,2017.

“Taxpayers who were provisionally migrated by virtue of being registered under the existing laws, but who are no longer required to be registered under GST, the period of applying for Cancellation of Registration is being extended up to September 30, 2017,” Ministry said.

There are more than 70 lakh excise, VAT and service taxpayers who are said to have migrated to the GSTN portal in order to file returns in the GST regime which started from July 1.

Besides, there are more than 8 lakh new taxpayers who are said to be registered on the portal. All these new registered taxpayers have the flexibility to opt for the composition scheme at the time of registration.

10 Tax Free Incomes in India

It is a general belief among people that the government of India takes away a lot from your income in the form of taxes. It is true that paying income tax is mandatory when you are earning above a certain limit. However, there are some types of income which are completely tax free and one does not have any liability to pay taxes on these incomes.  Here in this article we will discuss about 10 tax free incomes in India. This will help in determining the incomes on which you do not need to pay any taxes.

10 Tax Free Incomes in India

10 Tax Free Incomes in India

1) Agricultural Income

India is an agricultural country. As a measure to boost the agriculture economy, the Indian Income Tax Act of 1961 exempts any taxes of income generated through agriculture. However, the income generated through agriculture is included while computation, for the sole purpose of determining the tax rate if agricultural income exceeds applicable basic income exemption of Rs 2,50,000 in a financial year.

Also See : Income Tax Deductions and Exemptions

2) Receipts from Hindu Undivided Family

If one receives or inherits money as a member of a Hindu Undivided Family (HUF), it is exempted from any income taxes. Any amount one inherits out of family income or amount received out of income of family estate or in case of impartible estate or by any member of a HUF is exempted from tax as per the Section 10(2) of the Income Tax Act.

3) Interest Income on Savings Bank

At present, a maximum of Rs 10,000/ year as the interest earned on savings account is allowed as deduction under the Section 80TTA. To make this income exempted, one has to show this amount as ‘income from other sources’ in the ITR and then claim deduction under Section 80TTA . The cap of Rs 10000 is for the interest one receives from all accounts across all banks and not just with one bank.

Recommended Read : Top 5 Tax Saver ELSS Funds

4) Shares from a Partnership Firm

Any share a partner of a partnership firm may have in the total income of the firm is exempt from income tax obligation. Any partner or partners are not liable to pay any tax on income which is exempt in the hands of any partnership firm, says the section 10(2). However, any other funds received by the partner of a partnership firm or LLP other than the share of profits, like any remuneration or interests, remain taxable.

5) Long-term Capital Gains

At present, Long-term capital gains (LTCG) from the sale of equity shares and equity oriented mutual funds on which Securities Transaction Tax (STT) has been charged on sell transaction are exempted from tax completely. This means that any gains from sale of equity shares held for more than a year are not subject to any kind of taxes.

6) Allowance for Foreign Services

All Indian citizens residing in India who are rendering service outside the country and receiving any perquisites or allowances outside the country remain tax free.  This comes under the Section 10(7) of the Income Tax Act.

7) Income from Gratuity

Gratuity is defined as the money paid by an employer as a gratitude for awarding the employee’s long-standing meritorious association with the employer. The gratuity received by any government employee is completely exempted from income tax. The non-government employees are covered by the payment of Gratuity Act of 1972, which states that the least of the below three is exempted from income tax.

  • 15 days salary (based on the last drawn salary for each year of service).
  • Rs. 10,00,000
  • Total gratuity received.

8) Amount Received under Voluntary Retirement

Any amount received by an individual on terms of voluntary retirement under Rule 2BA of the Income Tax Rules gets a tax exemption of up to Rs 5 lakh from the amount received as voluntary retirement.

9) Scholarships and Awards

Any kind of scholarship awarded to a student for incurring the cost of studies is exempted from any kind of taxes under Section 10(16) of the Income Tax Act of 1961. The good thing is that there is no cap on the amount that is exempted.  The entire amount of scholarship is exempted. This is a very good for meritorious student who are not financially strong and require scholarships to continue their studies.

10) Compensation received in case of any disaster [Section 10(10BC)]

An amount received by an individual by the state or central government on account of a disaster is not subject to any kind of taxes.  Disaster here means any natural occurring like floods, earthquake or manmade harm like accidents etc which involves loss of property, life or harm to an individual where coping up with the disaster requires financial aid to the individual.

True that paying taxes is our duty. But the Government is considerate enough to allow exemption of any taxes on these 10 tax free incomes in India.

Income Tax Deductions under section 80c, 80ccd, 80ccc for AY 2018-19

Even though some of us might not like it, but paying taxes is very important in our country. Taxes account for a major portion of the income earned by the government. This income is utilized to provide certain basic amenities to citizens like roads, railways, clean environment etc. People who earn above a certain limit have to pay taxes defined as per the tax slabs. Though these taxes may seem a bit harsh on the bank balance of the tax payer, there are provisions by which one can save taxes legally.

Tax deductions can help in lowering the taxable income which in turn helps in reducing the total tax payable. One is eligible for different tax deductions which are based upon various factors. First let’s understand what is tax deduction? In one line, tax deduction helps in reducing your total taxable income. It helps you save tax by decreasing your overall tax liabilities. However, the amount of deduction varies depending on the type of tax deduction you claim. Some good examples of where one can claim tax deductions are tuition fees, medical expenses and charitable contributions etc.

Alse See : What Makes GST different from VAT and CST ?

Income Tax deductions under section 80c, 80ccd, 80ccc for AY 2018-19

To get tax deductions one can also invest in various schemes such as retirement savings schemes, life insurance plans and national savings schemes etc. The Indian government offers tax exemptions for expenses incurred in various activities to encourage individuals and commercial institutions to take part in activities that has social benefits. Many expenditures incurred are eligible for tax deductions. It is important to have knowledge of these. These expenditures are classified under certain sections. In this post you will get to know more about income tax deductions under section 80c, 80ccd, 80ccc for AY 2018-19 (FY- 2017-28).

Recommended Read : How to Link Aadhaar Card with PAN Card ?

Section 80C

A deduction of Rs 1,50,000 can be claimed from your total income under section 80C. In a simpler language, one can reduce up to Rs 1,50,000 from the total taxable income through section 80C. Under this section, an individual or an HUF (Hindu United Family) is eligible for a tax deduction. For the financial year 2017-18, the limit for deduction is Rs 1, 50,000. Expenses (investments) in the following are eligible for tax deductions. Please note that one can claim a maximum deduction of Rs 1,50,000 only.

  • Investment in PPF
  • Employee’s share of PF contribution
  • NSCs
  • Life Insurance Premium payment
  • ULIPS
  • ELSS
  • Sum paid to purchase deferred annuity
  • Five year deposit scheme
  • Senior Citizens savings scheme
  • Subscription to notified securities/notified deposits scheme
  • The contribution towards a notified Pension Fund set up by UTI or a Mutual Fund.
  • Children’s Tuition Fee
  • Principal Repayment of home loan
  • Investment in Sukanya Samridhi Account
  • Subscription to equity shares/ debentures of an approved eligible issue
  • Subscription of a Home Loan Account Scheme by the National Housing Bank
  • Subscription to notified bonds of NABARD
  • Subscription to deposit scheme of a public sector or company engaged in providing housing finance
  • Contribution to notified annuity Plan of LIC

Also Read : 5 Best ELSS Funds

Section 80CCD

This section refers to deduction for contribution to pension account. This section is divided in three categories.

Section 80CCD (1) – For an employee who deposits in his own pension account the maximum deduction allowed is 10% of gross salary.

For a self employed individual, the maximum deduction allowed is 20% of gross salary.

Section 80CCD (1B) – This section refers to deduction for self-contribution to NPS. This particular section has been introduced for an additional deduction of up to Rs 50,000 for the amount deposited by an individual towards their NPS account. Under this section contributions to Atal Pension Yojana are also eligible.

Section 80CCD (2)- This section refers to employer’s contribution to NPS. Under this section an additional deduction is allowed for employer’s contribution to employee’s pension account. This deduction has an upper cap of 10% of the salary of the employee.

Section 80CCC

This section refers to deduction in respect of contribution to certain pension funds.

The Section 80CCC provides an option for tax saving as per Chapter VI-A. This tax saving is from the gross total income of the individual for the financial year in which the contribution is being made. However, there are some terms & conditions applicable as mentioned. The deduction as per this section is on cost incurred towards buying a new policy or continuing with an existing policy for receiving pension from a fund under a pension scheme. These deductions are allowed to encourage the taxpayer towards long-term investments and savings as well as to involve contributions to specific pension funds.

Any individual who has bought annuity plans from either the Life Insurance Corporation of India Ltd or some other insurance companies can avail tax deductions of up to a maximum of Rs 1.5 lakh per year. An individual cannot claim tax deductions on the interests or bonuses accrued from the policy. The interests or bonuses accrued from the policy will be treated as income and a tax will be applicable as per the respective slab rate. Also, it should be noted that this policy should pay pension to the buyer from the accumulated funds based on terms and conditions mentioned in Section 10 (23AAB). If an individual has claimed a deduction for contribution towards a pension fund under Section 80CCC, then he cannot claim a deduction for the same under any other section of the IT Act. Taxes will be imposed on the surrender value of the annuity plan in part or in full.

Please note that, the combined maximum limit for tax deduction that can be availed under section 80C, 80CCC and sec 80CCD (1) is Rs 1, 50,000. Planning for tax saving is very important. With the government of India providing legitimate ways to save tax, people are encouraged to do more savings in the form of insurance, pension schemes etc. As a citizen of India, paying taxes is our duty. Let’s all be a good citizen and pay our taxes on time!

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How to Link PAN Card with Aadhaar Card ?

Link PAN Card with Aadhaar Card : PAN (Permanent Account Number) card is a unique 10 character code that is assigned to all tax paying entities in India. It is issued by the Income Tax Department of India and links all your transactions that attract tax within a single source, thus it makes very convenient for the government to keep a track of all these transactions. Indian Government is likely to set 31 December’ 2017 as the last date to link PAN Card with Aadhaar Card, a report in the Hindustan Times said this quoting government sources. The report also said that if you do not link your PAN Card with Aadhaar this by 31st December’ 2017, your PAN Card will become invalid.

A PAN card is a mandatory document required for filing Income Tax returns in India, for all the individuals and entities that pay tax. Also, a PAN Card is used as an Identity Proof and Date of Birth Proof document for almost every financial and non-financial transactions.

Aadhaar card is a unique identification card which has a 12 digit unique number that is issued by (UIDAI) Unique Identification Authority of India. It is assigned to every Indian Citizen. It serves as a valid Identity and Address Proof. It can be termed as a revolutionary initiative by the Indian Government to have a single identification document for every Indian citizen. Aadhaar card also contains the individual’s biometric as well as demographic information.

Advantages of Linking PAN Card with Aadhaar Card

The Indian Government has urged all individuals and entities to link their Aadhaar Cards with their PAN cards. This is being done for the following purposes:

Prevent Tax Avoidance:

By linking the Aadhaar Cards and PAN cards, the government of India can easily keep a track on the taxable transactions of every individual or entity, whose identity and address could be verified by his Aadhaar card. So, we can say that each and every taxable transaction or activity will be recorded by the Income Tax Department, thus will prevent tax evasion.

Prevent Use of Multiple PAN Cards:

One big reason that Government of India wants everyone to link PAN with Aadhaar Card is to minimize the number of individuals or entities applying for multiple PAN cards in an effort to defraud the government and avoid paying taxes.

By linking PAN Card with Aadhaar, the government of India will be able to check the identity of an entity or individual through the details in Aadhaar card, and will also have the details of all financial transactions made through the linked PAN card. Just in case there are more than one PAN cards registered under the same name, the government will identify and take necessary action against all such individuals and entities.

Ease in Filing of Income Tax Returns:

All the Entities and Individuals who have linked their PAN and Aadhaar Cards will be able to file their online Income Tax returns quite quickly and easily. By linking PAN and Aadhaar Card, the entities and individuals will not need to submit their Income Tax acknowledgement to the IT department, thus this step will definitely help tax payers to get rid of a lot of trouble.

Steps for Linking PAN Card and Aadhaar Card

In order to link PAN and Aadhaar Card, first you need to register on the Income tax e-Filing portal. After that, you need to follow the following steps :

  1. Log in to the e-Filing portal of IT Department by entering your Login ID, Password and Date of Birth.
  2. After signing in to the e-Filing portal, a pop up window will appear which will prompt you to link your PAN card with Aadhaar card.
  3. You will find your details like your name, date of birth and gender already mentioned exactly as per the details mentioned at the time of registration on the e-Filing portal.
  4. Verify the details with those mentioned on your Aadhaar card.
  5. If the details matches with that on your Aadhaar Card, enter your Aadhaar card number and Click on the “link now” button.
  6. Finally, you will see a pop-up message will appear which says that your Aadhaar card has been successfully linked to your PAN card.

Hope that now you know how important it is to link your Pan Card with Aadhaar Card. We would request all of you reading this article to Link your PAN Card with Aadhaar Card, and take a step ahead to help India become a progressive and fraud free country.

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What Makes GST different from VAT and CST?

Goods and Service Tax (GST) is a type of indirect tax that is levied on the sale of both goods and services. GST consolidates various taxes into one singular entity.

It is imposed at every stage of the supply chain; thus, each and every participant in the supply chain has to pay tax. This ensures equity.

Though it might seem like an unnecessary burden, you pay less since each payer is tax-credited for his payment.

To further make the understanding of tax-credit clear, here’s an example:

Say, you are a manufacturer of T-shirts. You buy raw material like cloth, sewing equipment and thread at a price of Rs. 300. This price includes a tax of Rs. 30, taking the tax rate to be 10%.

You’re adding value to the materials, in the process of creating the T-shirts. Assume this value to be Rs. 100. The gross value of the product would then be Rs. 300 + Rs. 100 = Rs. 400.

The tax on the output will be, therefore, Rs. 40. However, under GST, you can set off this tax (Rs. 40) against the tax you already paid on the raw material (Rs. 30). Therefore, the effective GST incidence on you will be Rs. 40 – Rs. 30 = Rs. 10.

Thus, you save Rs. 30, under the GST scheme.

VAT and CST

Value Added Tax or VAT is an indirect tax levied only on goods sold within a particular state.

VAT is imposed only on the value addition and not on the product itself. It is charged on goods immediately upon the preparation of the sale invoice or when goods are moved for sale.

Here, tax is imposed on tax. Thus, it increases the cost of production.

Central Sales Tax is a component of Value Added Tax. It is imposed only on goods sold from one state to another.

Differences

  • Taxability: In GST, imposition is done both on goods and services. VAT and CST are imposed only on goods.
  • Governing Act: A dual GST model will be implemented from 1st April, 2017, governed by the Constitution Bill, 2014. VAT is governed by the respective state Acts. CST is governed by Central Sales Tax Act, 1956.
  • Chargeability: GST is imposed at the end stage of distribution of goods whereas VAT and CST are charged on sale of goods immediately on preparation of sales invoice or when goods are moved for sale.
  • Tax set-offs: GST extends tax set-offs for every stage, on all central and state-level taxes and levies on all goods and services. Central VAT extends tax set-offs only against central excise duty and service tax paid up to the level of production. Similarly, state VAT covers only sales. CST does not cover tax set-offs for every tax unlike GST.
  • Efficiency: GST subsumes several different taxes including value added tax, sales tax and service tax into a single tax. It saves time and lowers expenses for governments, producers and consumers.

Implementation of GST will provide uniformity across the nation along with lowering the burden on producers as well as consumers. You have to pay tax only for the value addition at each stage, with set-off benefits for all the previous stages. You won’t have to pay a tax on taxes anymore.

How to know PAN Card Holder Address Online ?

Know PAN Card Holder Address: PAN Card is a Card issued by Income Tax Department of India. Not only it acts as an Identity Proof, but is also used for a lot of financial transactions which one needs to perform on a daily basis. Some of the transactions are like filing Income Tax Returns, Buying a Property, Purchasing a Vehicle, Opening a Bank or a Dmat Account, Starting a Business, Applying for a Credit Card etc. There are a lot of other important uses of PAN Card. Now if you want know PAN Card holder address details, this article is for you. We will guide you through the step by step procedure to find PAN Card holder address and other details online.

Steps to know PAN Card Holder Address Online

In order to know the PAN Card holder address details, you need to follow the steps given below :

1) Open the Income Tax E-filing Website –> https://incometaxindiaefiling.gov.in

2) New Users must Click on the Register Yourself button. Already registered users can jump directly to Step No.8

Register for E-Filing3) Select the Appropriate User Type & Click on Continue to Proceed with the Registration.

For Example : Select the Individual radio button under Individual/HUF if you are an Individual.Registration to know PAN Card Holder Address4) Enter your Basic Details in Registration Form & click on Continue to proceed with the Registration process.

  • Individual Registration Form to Find PAN Card Holder AddressPAN : Enter your PAN Card Number.
  • Surname : Enter your Last Name/Surname.
  • Middle Name : Enter your Middle Name (If Any).
  • First Name : Enter your First Name.
  • Date of Birth : Enter your Date of Birth in DD/MM/YYYY format. Example : 22/11/1983 for 22nd of November 1983.

5) Complete the Registration form for E-Filing with your Present Address & Submit it.

Enter your Present Address, E-mail Address, Mobile Number and other details in it.

Important Note : You will get an OTP (One Time Password) for Activation of your Account on your Mobile Number. You will also get a link for activation of your Account on your E-mail Address. Hence, it is advised to enter your correct and working E-Mail Address and Mobile Number.

6) You will now see a message on the page with your transaction ID which is to tell you that your Account has been created.E-Filing Successful Registration

Now, the account needs to be fully activated by (i) using the OTP received on your Mobile Number & (ii) the activation link sent to your Email Address.

7) Once you click on the link received on your email address you will be asked to enter the OTP(Mobile Pin) received on your Mobile Number. As soon as you enter the OTP(Mobile Pin) & Click on Submit your User ID will be Activated.Account Activation to Know PAN Card Holder Address Online8) Click on Login Here to Login in to your E-Filing Account. Login to E-Filing9) Once you are logged in, you will reach the Dashboard of the E-Filing Account.

E-Filing Account Dashboard10) Click on Profile Settings at the Top Menu & then Click on My Profile.

E-Filing Profile

11) Under PAN Details, you will be able to see the following details of your PAN. 

  • PAN Number
  • Full Name
  • Date of Birth
  • Gender
  • Your Status &
  • Address 

PAN Card Address DetailsThe Address associated with the PAN can be found corresponding to Address of the Assessee.

Final Words :

The complete process of registering on Income Tax e-filing portal and knowing PAN Card Address online will not take more than 10-15 minutes of yours. So, go ahead and find your PAN Card Address details now.

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How to Change your Name in PAN Card ?

Change Name in PAN Card : PAN Card is a Card issued by Income Tax Department of India. Not only it acts as an Identity Proof, but is also used for a lot of financial transactions which one needs to perform on a daily basis. Some of the transactions are like filing Income Tax Returns, Buying a Property, Purchasing a Vehicle, Opening a Bank or a Dmat Account, Starting a Business, Applying for a Credit Card etc. There are a lot of other important uses of PAN Card. Now that you already own a PAN Card, there might be a case that you want to change Name in your PAN Card. The reason to update or change Name in PAN Card might be due to a legal change in your Name, a misprinted Name or Due to Marriage (In Case of Women).

How to Change your Name in PAN Card ?

Before we know the steps to change Name in PAN Card, you must read these important things to know :

Things to know before you Change Name in PAN Card

  • Any Changes or Correction in your Name in PAN are to be made only in cases where a PAN has already been allotted.
  • PAN Change Request Form is to be filled to update your Name in PAN Card.
  • A New PAN CARD will be issued to you which will have the same PAN Number, only your Name & Address (If Changed) will be updated in the records of Income Tax Department.

Today we will guide you through the Step by Step procedure to change your name in PAN Card Online & Offline. You can follow any of the 2 process processes mentioned in this article.

  1. Change your Name in PAN Card Online
  2. Change your Name in PAN Card Offline

Documents Required to Change Name in PAN Card after Marriage

For all married women, any of these 3 documents can be accepted to change name in PAN Card.

1) Marriage Certificate : A Marriage Certificate is considered as a legal proof of Marriage and also acts as a supporting document for change of Name in your Passport, Voter ID Card, PAN Card etc

2) Marriage Invitation Card : A Marriage Invitation Card is a letter to invite your guests, relatives and friends for your Marriage. It has the names of the marrying couple and is accepted as a proof of change of Name in PAN Card.

3) Copy of Passport showing Husband’s Name : A passport is considered as the biggest proof of Indian Citizenship. If you already own a Passport and it bears your Husband’s Name then you can use it as a supporting document to Change your Name in Pan Card.

Documents Required to Change Name in PAN Card (In all Cases other than Marriage)

For all the applicants other than married women, any of these 2 documents can be accepted to change name in PAN Card.

1) Publication of Name Change in Official Gazette : Most of the Indian States has a Department of Publication which publishes the Change of Name in the Official Gazette. If your State does not publish such a Gazette Notification or you are not able to find such a Department, you can Publish your Change of Name in Gazette of India. It acts as a proof of Change of Name for PAN Card as well.

2) Certificate Issued by a Gazetted officer (Only for change in applicant’s Name) : If you want to Change only your Name (Not the Surname), you can also use a Certificate issued by a Gazetted Officer. This certificate will act as a proof of Change of Name for your PAN Application.

How to Change Name in PAN Card Online ?

Let us first know the procedure to change your name in PAN Card Online. Please note that only the filling of Application and Payment of Fees can be done online. Once the Application is completely filled online and the payment has been made, you need to send the Application along with the supporting documents to the NSDL Office.

In order to change your Name in PAN Card Online, you need to follow the steps given below :-

1) Open the NSDL Website for PAN by visiting this link –> https://tin.tin.nsdl.com/pan/correctiondsc.html

Note : Make sure you read all the Instructions & Guidelines carefully before you apply for any changes in your Name in PAN Card. You also have the option to convert the text in Hindi to read in Hindi Language.

2) Scroll down to the bottom of the page to Select the Category of the Applicant.

3) After Selecting the Category of the Applicant, click on Select.

Change Father's Name in PAN Card4) Fill the PAN Change Request Form carefully after reading it.

  • Please note that all the * marked fields are Mandatory. Your form will not get processed further if you leave any of these fields.
  • Put a tick mark in the box corresponding to the Point No. 1 i.e., Name and update the new or corrected Name. So, you need to select the right prefix and enter your Last Name/Surname, First Name & Middle Name(if any).
  • You need to enter your existing PAN Number in the box corresponding to “Permanent Account Number(PAN)”.

PAN Father's Name Change Form

5) People who want to go for Paperless PAN Application for Name Change, can select YES where is says FOR Paperless PAN Application.

In Paperless PAN Application, you can :

  • Upload Photo (If you want to change the Photo and you Selected the Option Before)
  • Upload Signature
  • Upload Documents

Or, you can fetch your Documents from Digilocker.

If you find the paperless option complicated, you can select NO where is says FOR Paperless PAN Application.

Select the Appropriate option under DSC Dropdown.

Paperless PAN Application for Name Change

6) Click on Submit to finally Submit your PAN Card Name Change Application.

7) Once you have submitted the PAN Change Request Form, you need to pay a fee of Rs.107 by any of the following options :

  • Demand Draft
  • Cheque
  • Credit Card
  • Debit Card
  • Net Banking.

Note : For all those who are paying the Fee by Demand draft / cheque should make it in favour of ‘NSDL – PAN’ payable at Mumbai.

For Paperless Application, the process gets completed here and you will get Acknowledgement Number. You will get another copy of the acknowledgement on your registered email address.

More Steps for Other PAN Applications (Applicants who want to send Physical Documents & Form)

8) Once you Submit your Application (Other than Paperless Application), you will get a copy of the Form in PDF Format with an Acknowledgement Number. You will get another copy of the form on your registered email address.

9) Now you need to paste 2 Recent Photographs of Size 3.5 cm X 2.5 cm (In White Background) in this Form. Also remember to put your Signature within the Box.

10) You need to enclose the following documents in an Envelope :  Demand Draft/Cheque (If you didn’t pay Online), Form, and photostat copies of the supporting Documents of your Name Change, Address, Identity & Date of Birth (If you have Aadhaar Card, it is sufficient and you don’t need any other Proof). Do remember that the Document(s) should be self attested. Remember to write the Acknowledgement Number on the reverse side of the Demand Draft/Cheque.

11) Superscribe the Envelope with the heading ‘Application for PAN CHANGE REQUEST – Acknowledgment Number’.

For Example : Let’s take your Acknowledgement Number as 20117211009. Now the heading on the envelope should be ‘Application for PAN CHANGE REQUEST – 20117211009’.

12) Finally you need to Send this Envelope to NDSL Office, PUNE :

Address : Income Tax PAN Services Unit, NSDL e-Governance Infrastructure Limited, 5th floor, Mantri Sterling, Plot No. 341, Survey No. 997/8, Model Colony, Near Deep Bungalow Chowk, Pune – 411016.

Contact Number : 020 – 2721 8080

Important Note : Do remember that the Envelope with your PAN Name Change Application and the Supporting Documents should anyhow reach the NSDL Address within 15 days after you get the Acknowledgement. If your application reaches after this period, it will not be considered and you will have to fill up a new application in such case.

The PAN Change Request Application is usually sent for processing as soon as NSDL Office receives it. You will be notified on your e-mail address once your application has been received.

At any point of time, you can call the NSDL Helpline at 020-27218080 for any issues or to track the Status of your PAN Change Request. You can also track the status of your PAN Name Change Request Online.

How to Change Name in PAN Card Offline ?

If you feel you want to Change your Name in PAN Card by Offline Process, then you need to follow the steps given below :

1) Download PAN Change Request Form for Change of Name in PAN Card and fill the form. Remember to fill the form in BLOCK LETTERS and in Black Ink only.

  • Signature/Left hand thumb impression should be provided across the photo which is on the left side of the form in such a manner that some portion of signature/impression is on photo and some on form.
  • Signature/Left hand thumb impression should be only within the box provided on the right side of the form.

Note : If the applicant is using Thumb impression, it should be attested by a Magistrate or a Notary Public or a Gazetted Officer with official seal and stamp.

2) Once you have filled and signed the PAN Change Request Form, you need to paste 2 Recent Photographs of Size 3.5 cm X 2.5 cm (In White Background) in this Form.

3) You need to enclose the following documents in an Envelope :  Demand Draft/Cheque, Form, and photostat copies the supporting Documents of your Name Change, Address, Identity & Date of Birth (If you have Aadhaar Card, it is sufficient and you don’t need any other Proof). Do remember that the Document(s) should be self attested. Remember to write the Acknowledgement Number on the reverse side of the Demand Draft/Cheque.

4) Click on the link to Search and Locate your Nearest PAN Centres —> https://www.tin-nsdl.com/pan.php

5) You can pay the Fee Amount and Submit your Documents & Application in any PAN Centre.

These are the two processes to change Name in PAN Card. You can use any of these two processes to update your Name in PAN Card.

Final Words :

Although both the methods are equally simple. I would still prefer the Online method because it saves a lot of time and energy. However for the people who are not so tech savvy or prefer to apply by offline process for any reasons are free to use the offline process to update name in PAN Card.

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How to track PAN Card Failed Transaction status ?

Check PAN Card Status : PAN Card is a Card issued by Income Tax Department of India. Not only it acts as an Identity Proof, but is also used for a lot of financial transactions which one needs to perform on a daily basis. Some of the transactions are like filing Income Tax Returns, Buying a Property, Purchasing a Vehicle, Opening a Bank or a Dmat Account, Starting a Business, Applying for a Credit Card etc. There are a lot of other PAN Card uses. If you have applied for a new PAN Card, reprint of PAN Card or any changes in PAN Card and your transaction has failed then do not panic. Today, we will tell you the complete procedure to check PAN Card Failed Transaction status.

By using this Article, you can :

  • Track Failed Transaction Status of New PAN Card Application , OR
  • Track Failed Transaction Status of PAN Card Reprint Application, OR
  • Track Failed Transaction Status of Changes or Correction in PAN Card Application.

In this Article, we will tell you how to : 

  • Track PAN Card Failed Transaction Status by Transaction Number.
  • Track PAN Card Failed Transaction Status by Acknowledgment Number.

Follow the steps given below to check the status of PAN Card failed transaction by Transaction Number :

1) Open the NSDL Website for Pan Card –> https://tin.tin.nsdl.com/pan/

Once you click on the above link, you will see 6 options under  ‘Application for PAN through Online Servces’.

2) Click on the last option which says ‘Transaction Status Enquiry’ (As Shown Below).

PAN Transaction Status Enquiry

3) Once you click on ‘Transaction Status Enquiry’ button, you will be redirected to a new page where you have to select the Transaction Number radio button and enter the given information :

 

Check PAN Card Failed Transaction Status by Transaction Number

  • Transaction Number : Enter the PAN Payment Transaction Number.
  • Name : Enter your Last Name/Surname, First Name and Middle Name as entered in PAN application.
  • Date of Birth : Enter your Date of Birth as entered in PAN application.

4) Click on Show Status and your PAN Card Failed Transaction status will be displayed.

This is the step by step procedure to check PAN Card Failed Transaction status by Transaction Number.

Follow the steps given below to check the status of PAN Card failed transaction by Acknowledgement Number :

1) Open the NSDL Website for Pan Card –> https://tin.tin.nsdl.com/pan/

Once you click on the above link, you will see 6 options under  ‘Application for PAN through Online Servces’.

2) Click on the last option which says ‘Transaction Status Enquiry’ (As Shown Below).

PAN Transaction Status Enquiry

3) Once you click on ‘Transaction Status Enquiry’ button, you will be redirected to a new page where you have to select the Acknowledgment Number radio button and enter the given information :

Check PAN Card Failed Transaction Status by Acknowledgement Number

  • Acknowledgement Number – Select the Acknowledgement Number Radio button and enter the 15 Digit PAN Acknowledgement Number.
  • Name – Enter your Last Name/Surname, First Name and Middle Name as entered in PAN Application.
  • Date of Birth – Enter your Date of Birth as entered in PAN Application.

4) Click on Show Status and your PAN Card Failed Transaction status will be displayed.

This is the step by step procedure to check PAN Card Failed Transaction status by Acknowledgement Number.

Final Words :

Both the Process to check PAN Card Failed Transaction Status are equally simple. You are free to use any of the two processes.

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