pan card for kid? minors - Tax Information

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Wednesday 18 October 2017

pan card for kid? minors

Whether to get a PAN card for a child or not has always been a quite ambiguous question. The Income Tax Department of India has started issuing PAN numbers to minors too (a minor here refers to anyone who is below 18 years of age). But still, many guardians and parents keep thinking as to why they should obtain a PAN for their children and if they are successful to do so then how would it be useful to their heirs.

If you were to ask our team, then we would say that yes you must for sure get it for your kids today itself, because the process to get a permanent account number is getting tougher day by day. So in order to avoid unnecessary hassles later; its advisable to get it now.

A PAN number is must for your kids if you wish to make him a nominee on your investments like property, stocks or any other financial product.

Apart from that it can serve as a identity proof for your child that would reflect his connection with 
India and in the future it might be easy for him to get a lot of things here and to show that he is linked to India like his parents. 


 How can I apply it for my child without coming to India?
The process through us is as follows:
 
  • Click the start here button (shown above) & make the PAN assistance payment.
  • Receive forms and all other necessary information that will make filling up the form for your minor easy.
  • Attach 2 photos of your kids along with required documents and send it to us (to know the list of documents please go here). But please make sure that instead of him it is the guardian or the parent who signs on behalf of him.
  • As soon as we get your package, our team checks the entire application, scrutinize it for any mistakes, makes a bank demand draft and submits his/her case to the agency that accepts NRI cases.
  • Once submitted, the departments issues a receipt called the acknowledgment slip that we in turn scan and email you along with a URL where you can track the case on a daily basis.
  • At the same time we keep following up with the agency and if there some issues we always coordinate with you to solve it with ease.
  • Lastly, if all goes great then hopefully within 15 days the minor PAN card is delivered anywhere in the world.

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