Know Your PAN Card Age Limit: Who Needs a PAN Card and What It Is Used For

Know Your PAN Card Age Limit: Who Needs a PAN Card and What It Is Used For

pan card age, PAN Card Eligibility Age Limit — There is no maximum age limit for application of PAN card. You can be of any age and still pan card age

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Know Your PAN Card Age Limit

One needs to submit a completed application for PAN card before July 31 every year. The PAN card age limit is specified by the income tax department as 31 years. Even after applying for a PAN card, you can get one at any age, but if your name is not on the list then you cannot get it at an earlier age. So, how much earlier do you need to apply for a PAN card? There is no age limit to apply for a PAN card after July 31. However, there is a threshold limit of 25 years for applying for PAN card in case your name is not in the list. You need to obtain PAN card if your name is in the directory. 1) Apply for PAN card before July 31, You don’t need to wait till the date for the filing the PAN card application.

The Purpose of PAN Card

The purpose of PAN card is to simplify tax and investment transactions. You need a PAN card if you buy stocks or shares, buy property or vehicles or run any business. In India, PAN is assigned by the Income Tax Department to its applicants. The PAN card covers a person for all his bank accounts, financial transactions, investments and assets. Since PAN is a unique number, it is required to be linked to all your accounts. The number is valid for a period of 10 years. If you die, there is a provision of revoking the PAN card of your dependents, so that they need not bear the burden of your assets. PAN Card Issuance & How to Apply for One How to apply for PAN card? In order to apply for PAN card, you need to visit the official website of the income tax department.

What is the Purpose of PAN Card

PAN Card age Eligibility Age Limit for application of PAN Card — PAN card eligibility age is your age at the time of applying for PAN card. It is the age between 18 and 69. The PAN card age limit is extended up to 80 years for certain individuals like parliamentarians and prisoners Lack of Understanding of PAN Card Number: What is PAN Card Number and How to Identify Your PAN Card Number? How do I Know if my PAN Card Number is in Proper Form and Structure What is the Use of PAN Card Number for Income Tax Filing? How to submit the Challan for Income Tax Filing? How to Get Check if Your Income Tax Filing Process is Completed? How to Submit Returns of Income? What are the PAN Cards Schemes? How Can You Get GSTN Linked With PAN Card for Free?

PAN Card Eligibility Age Limit

Age should be 20 years and below to apply for PAN card. pan card age, PAN Card Eligibility Age Limit — There is no maximum age limit for application of PAN card. You can be of any age and still pan card age limit.

Conclusion

With the PAN card rule and application, if you are under age of 18 and below tax payers ceiling, then you can apply PAN card without legal guardian who is otherwise needed. You can also apply PAN card with fake/unmarried name without making a legal guardian. Even if you are above 18 but below tax payers ceiling and apply PAN card with fake name, it will be treated as an invalid PAN card, which can affect your PAN card verification and block your PAN card and other various banking services etc.

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