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NGO Portal is a comprehensive knowledgebase of NGO’s and Non-Profits from India and around the world.
It contains a wealth of information regarding NGOs, NGO management, finalcial and legal aspects.ngo database, ngo funding agencies, ngo india, indian ngos, international ngos, ngo training institutes
, financial management related ngos, legal aspects related ngos, fcra related ngo, income tax related ngo, registration related ngo,
provident fund related ngo, grants management in ngo, hr related ngo, developement jobs in ngo, consultants in ngo, admin related ngo,
vehicle management in ngo, travel related ngo, contracts in ngo, ngo news

Income Tax Related

PAN - Apply Online

WHAT IS PAN? 
 
Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application. 
 
PAN enables the department to link all transactions of the “person” with the  department. These transactions include tax payments, TDS/TCS credits, returns of income/wealth/gift/FBT, specified transactions, correspondence, and so on. PAN, thus, acts as an identifier for the “person” with the tax department. 
PAN was introduced to facilitates linking of various documents, including payment of taxes, assessment, tax demand, tax arrears etc. relating to an assessee, to facilitate easy retrieval of information and to facilitate matching of information relating to investment, raising of loans and other business activities of taxpayers collected through various sources, both internal as well as external, for detecting and combating tax evasion and widening of tax base. 
 
WHY IS IT NECESSARY TO HAVE PAN? 
 
It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. From 1 January 2005 it will be mandatory to quote PAN on challans for any payments due to Income Tax Department. 
 
It is also compulsory to quote PAN in all documents pertaining to the following financial transactions :- 
 
(a) sale or purchase of any immovable property valued at five lakh rupees or more; 
 
(b) sale or purchase of a motor vehicle or vehicle, [the sale or purchase of a motor 
vehicle or vehicle does not include two wheeled vehicles, inclusive of any detachable 
side-car having an extra wheel, attached to the motor vehicle;] 
 
(c) a time deposit, exceeding fifty thousand rupees, with a banking company ; 
 
(d) a deposit, exceeding fifty thousand rupees, in any account with Post Office 
Savings Bank; 
 
(e) a contract of a value exceeding one lakh rupees for sale or purchase of securities;
 
(f) opening a bank account; 
 
(g) making an application for installation of a telephone connection (including a 
cellular telephone connection); 
 
(h) payment to hotels and restaurants against their bills for an amount exceeding 
twenty-five thousand rupees at any one time ; 
 
(i) payment in cash for purchase of bank drafts or pay orders or banker’s cheques for 
an amount aggregating fifty thousand rupees or more during any one day; 
 
(j) deposit in cash aggregating fifty thousand rupees or more with a bank during any 
one day; 
 
(k) payment in cash in connection with travel to any foreign country of an amount 
exceeding twenty-five thousand rupees at any one time 
 
 
You can apply for PAN either through NSDL or UTITSL
 
To apply on line for PAN through NSDL:
 
 
To know Status of PAN applied through NSDL https://tin.tin.nsdl.com/tan/StatusTrack.html 
 
 
To apply on line for PAN through UTITSL:
 
 
To know Status of PAN applied through  UTITSL
 
 
 
 
To know more about PAN Legal Framework visit
 
 
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