All Indian citizens having the source of income and valid proofs (as prescribed by the Income Tax Department) are eligible to apply for PAN card. Obtaining a PAN card or Permanent Account Number is mandatory for every tax payer or the person who needs to file an income tax return on behalf of self or others.

Can a 17 year old get a PAN card?

Yes, individuals can apply for PAN Card for a minor child without any hassle. Minor is a person who is below the age of 18 years. However, the minor cannot apply for a pan card directly. Parents, guardians or representative assessee’s of the minor can apply for PAN card.

What is the age limit for PAN card?

As per section 160 of the Income Tax Act, even minors are eligible to apply for the PAN card as there is no age limit requirement specified in the Act. PAN card can be applied for children below 5 years and remain the permanent identity proof irrespective of change in the name or address.

Is minor PAN card valid?

PAN card or Permanent Account Number is one of the most important documents for the citizen of India. A PAN card issued for a minor does not have the minor’s photo or signature, therefore, it cannot be used as a valid identity proof. After a minor turns 18, the necessary changes should be made in the PAN records.

At what age can I get a PAN card?

18 years
The minimum age limit for applying for a PAN card is 18 years. Can a Student Apply for a PAN Card? Students can apply for a PAN card as long as they are above 18 years of age. In case you are a minor (younger than 18 years old), your parents can apply for the PAN card on your behalf.

What do you need to know about PAN card?

PAN card has many uses other than being a way for the IT Department to keep tabs on your financial transactions. You need to mention your PAN details in the application form while opening a new bank account.

Do you need PAN card to open bank account in India?

Yes! The Reserve Bank of India (RBI) has made Aadhar and PAN cards mandatory for opening bank accounts. Aadhar and PAN numbers must be quoted for a new bank account. If these details are not available, the customers would have to provide proof that they have applied for these identification documents within the past six months.

Why do you need pan for personal loans?

From education loans to personal loans, you will need the PAN details for the loans to be approved. PAN is required to be quoted while applying for a debit or credit card. Non-quoting of PAN can result in the rejection of the card and in turn reduce your credit score. This will reduce the chances of getting a loan or credit card in the future.

When do you need PAN card to buy a car?

Buying or selling a motor vehicle: If you wish to buy or sell a motor vehicle worth more than Rs. 5, 00, 000, you have to provide your PAN Card details when conducting the transaction.