PAN Card for Minor : Minors Can Apply For PAN Card Very Easily, Know Step by Step Full Details
PAN Card for Minor : PAN card is needed for every financial work. If you want to open a bank account, take a loan, invest somewhere or do many government works, then a PAN card is needed. It is mandatory for everyone to get it made, but sometimes it becomes difficult for Minor Age people to get a PAN card How to Apply for PAN Card. If you also faced such problem, then here we will tell you the steps to apply for PAN card for minor step by step.
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PAN Card for Minor : How to Apply
Permanent account number ie PAN card works like Aadhaar as identity and address proof. Information about all your financial status is find in the PAN card. This is a 10 digit alphanumeric number which serves as an identification. Apart from the work of the PAN card, it is use for filling taxes. Claiming ITR and TDS, apart from the identity card. It is necessary for all taxpayers, business, organization and locker government. If someone does not have a PAN card, then the work stops. In such a situation, it becomes necessary to make a PAN card.
Why Minor Need PAN Card
But suppose that a minor earns more than 15 thousand every month, then he can claim ITR. For this, he needs a PAN card, but if he does not have it, he cannot claim it. Therefore, if needs a PAN card, then he tells you how to apply for it.
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Follow This Steps
1. A minor needs a PAN card for things like investing, adding a nominee to an investment, opening a bank account and earning a minor’s income.
2. In such a situation, his parents or any other member of the house can also apply in the name of the minor.
3. It does not require the signature of the minor. So it cannot use as an identity proof.
4. When the minor is 18 years old. He has to get the PAN Card update. To apply for a PAN card, one has to go to the website of NSDL.
5. After this Form 49A has to fill. After this, the minor will have to submit the certificate and other documents including the photograph from the parent.
6. Parents signatures is also fill in it. After this you have to pay Rs 107 and you are give acknowledgment number by which you can track your PAN card and get it deliver at home.
