Permanent Account Number (PAN)

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Permanent Account Number (PAN) for NRIs – N.D. Savla & Associates

A Permanent Account Number (PAN) is mandatory for Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (PIOs) who earn taxable income in India or intend to carry out financial transactions. At N.D. Savla & Associates, we assist NRIs in obtaining, updating, and managing PAN cards, ensuring smooth compliance with Indian taxation and investment regulations.

Overview

A PAN card is a unique 10-digit alphanumeric code issued by the Income Tax Department of India. For NRIs, PAN is essential to file income tax returns, buy or sell property, invest in mutual funds or shares, and open NRE/NRO bank accounts. Without PAN, higher TDS rates may apply, and certain transactions may be disallowed.

Features

  • PAN application support for NRIs, PIOs, and OCIs

  • Advisory on whether PAN is required in specific cases

  • Guidance for property transactions, bank accounts, and investments linked with PAN

  • Correction and updating of PAN details (change in address, overseas contact details)

  • Linking of PAN with Aadhaar (for NRIs where applicable)

  • Ensuring compliance to avoid higher TDS deductions

Documents Required

  • Copy of Passport

  • Overseas address proof (foreign bank statement, utility bill, residence permit)

  • OCI/PIO card (if applicable)

  • 2 recent passport-size photographs

  • PAN application form (Form 49AA) duly filled and signed

  • Proof of Indian connection (if applicable, like property ownership or investment documents)

Procedure

  • Application Filing – Submit PAN application online using Form 49AA.

  • Document Submission – Provide identity and overseas address proof along with photographs.

  • Verification – Documents verified by NSDL/UTIITSL authorities.

  • PAN Issuance – PAN allotted and sent to overseas or Indian address.

  • Compliance Advisory – Ensure PAN is linked to property transactions, bank accounts, and tax filings.

Why This Matters

Without a PAN card, NRIs face hurdles in ITR filing, property sale/purchase, mutual fund investments, and repatriation of funds. Additionally, banks and buyers deduct TDS at higher rates in the absence of a valid PAN. With N.D. Savla & Associates, your NRI PAN application and compliance are handled seamlessly, ensuring that all your Indian financial transactions remain smooth and tax-compliant.