Pan card is nowadays compulsory for varied kinds of financial transactions such as filing income tax returns, creation of Demat account, opening a new bank account, buying real estate, applying for a loan, applying for passport or visa, foreign remittance and to collect rental income and lot more. It is allotted to an individual, firm or an organisation by the income tax department for the purpose of identification of tax related transactions. If any person’s income is more than the basic exemption limit, then he should apply for a PAN card by May 31st of the relevant assessment year for filing the income tax return. If any individual’s business turnover is more than Rs.50,000 for any accounting year, he should also apply for a PAN card before the end of that accounting year.
PAN card is an essential document and one must keep it carefully to avoid its misuse as well as for using it for financial and legal transactions. It is essential to carefully handle your PAN card. If you lose your pan card or your pan card is not showing correct or updated details, it is important to get PAN card online correction as soon as possible.
One can apply for PAN card from the Income tax authority of India. However, many people find it tedious task to follow the instructions given on the site and get all the formalities completed for getting a PAN card. Many others find it tough to take some time out of their busy schedule to complete the process of obtaining PAN card. However, PAN card is mandatory document and one cannot indulge in a wide range of legal and financial transactions without it. Thus, there are private agencies to help individuals, NRIS and companies to get their PAN card issues without any hassle.
Even sometimes there are errors in PAN card or you wish to change the details such as photo, name, father’s name, date of birth), or wish to change details given earlier in PAN application (address, etc). You can get changes or PAN card online correction made to your PAN card easily through private agencies or brokers.
These agents provide complete assistance to get a new PAN card with the same PAN number as well as updated corrected data in the Income Tax Department’s database. You need copies of few documents to get your PAN card details updated such as proof of address and proof of birth. The process is similar to that for new PAN card application in Form 49A.
Private agencies are nowadays approached by a large number of PAN card seekers. These companies make it easy and fast to get your PAN card issued by Income tax department. They complete the process from start till end without any hassle. If you find it too difficult to get all formalities of online pan card correction or PAN card issue process by yourself, it is recommended to hire popular and well known private agencies to get your pan card without any hassle.