Eligibility for PAN Card
The requirements for each category’s eligibility are listed below:
For Individuals:
- Indian Residents: Indian citizens, non-resident Indians (NRIs), and foreign nationals who reside in India are all eligible and may apply for a PAN card.
- Minors: Even minors (those under the age of 18) are eligible to apply for a PAN card. They just have to provide the documents of the names, addresses, and photos of their parents or legal guardians.
For Organisations:
- Companies: PAN cards may be requested by any Indian company, public or private. PAN cards are required for many financial operations and taxation for Indian-registered companies.
- Partnerships: Limited liability partnerships (LLPs), partnership firms, and other business entities created in accordance with Indian law are all eligible for a PAN card.
- Societies: Societies, charitable organisations, and trusts are all qualified applicants for PAN cards. PAN cards are frequently needed by these businesses for financial and tax-related transactions.
- Hindu Undivided Families (HUFs): A PAN card is available to HUFs, a particular sort of family business structure.