How NRIs can apply for PAN card in India

Applying for PAN card in India is a reasonably easy procedure in India. An individual may apply through online or offline modes. In the online mode of PAN application, a NRI needs to visit the NSDL(National Securities Depository Limited) website or UTIITSL (UTI Infrastructure Technology and Services Limited) website and follow the necessary steps to register for a PAN card. A Non-Resident Indian can also apply for a new PAN card by following a few easy steps.

Documents required for applying for PAN card for Non-Resident Indians

1. Two passport size photographs
2. Copy of passport
3. Overseas address proof(Bank account statement)

Procedure for PAN application for Non-Resident Indians

A Non-Indian Resident may submit the PAN application Form 49AA through the UTIITSL website. The following details need to be provided in the form-

1. Name
2. Residential and office address
3. Contact details like telephone number and email ID
4. Country of citizenship and its ISD code
5. Documents linked with identity and address proof
6. Source of income

Along with the details mentioned above, there’s a need to provide ‘KYC Details’ for an NRI or a foreign nation in general. The following details come under the purview of KYC details

1. In case of an individual, you’re supposed to fill in marital status, occupational status and citizenship status
2. In case of a company, they’re supposed to provide details on which occupation they fall under
3. Gross annual income
4. A company needs to reveal whether its listed under stock exchange or not
5. The applicant needs to state whether they’re politically exposed or not

Benefits of PAN to NRI

1. Simplifies the tax-paying procedure
2. NRIs can make investment in securities and mutual funds if they own a PAN card
3. They can sell or purchase vehicles in India
4. Depositing money in Indian bank accounts upto a certain limit requires PAN card
5. Simplified KYC procedure in banks