How To Apply For Lost Pan Card?

What is a PAN Card?

A PAN (Permanent Account Number) is a ten-digit alpha-numeric number issued by the Income Tax Department under the supervision of the Central Board of Direct Taxes (CBDT). The PAN Card is issued to Individuals, Firms, Companies, Limited Liability Partnerships (LLPs), Association of Persons, Body of Individuals, Hindu Undivided Family (HUF), Artificial Judicial Person, Co-operative society, Government Agencies, Local Authority, and all those who are taxable under the Indian Income Tax Act, (1961). It is also issued to foreign nationals subject to a valid visa. For this reason, PAN is acceptable as an identity proof but not as a proof of citizenship.

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Structure of a PAN Number

1.The first three letters are a sequence between AAA and ZZZ.

2.The fourth letter identifies the type of holder. The holders are identified as below:

A – Association of Persons (AOP)

B – Body of Individuals (BOI)

C – Company

F – Firm

G – Government

H – Hindu Undivided Family (HUF)

L – Local Authority

J – Artificial Judicial Person

P - Person

T – Trust

3.The fifth character is the first letter of:

• The surname or last name of the person, in case of an Individual
• Name of the Entity, Trust, society, or organization in the case of Company/ HUF/ Firm/ AOP/ BOI/ Local Authority/ Artificial Judicial Person/ Government.
• The last character is an alphabetical check digit.

Why is it important to have a PAN Card?

A PAN Card allows the government to keep track of all the financial transactions, which is critical in assessing an individual or company’s tax liability and bringing down chances of tax evasion. Apart from assisting the government in tax assessment, the PAN also offers certain benefits and advantages to the holder.

Some of the uses of the PAN Card are as follows:

1. Opening a Bank Account: Providing PAN is mandatory for opening an account with any public, private, or co-operative bank.
2. Purchase or sale of immovable property valued at Rs 5,00,000 or more.
3. Purchase or sale of vehicles other than two-wheelers.
4. PAN is mandatory to apply for a credit card
5. For payments in cash exceeding Rs.50,000:

• To any hotel or restaurant against a bill generated at a single incidence.
• For purchasing foreign currency at one go
• Deposit with a single bank within 24 hours.

6.Claiming refunds from Income Tax (IT) Department

7.For Investment in

• Mutual Funds
• Government Bonds
• Corporate equity or bonds

8.Starting a business

Documents needed to apply for a duplicate PAN card

While applying for a duplicate PAN card, the following documents need to be submitted:

1.Proof of PAN (Copy of damaged or lost PAN card)

2.Proof of Identity

• Election Photo ID card
• Driving License
• Passport
• Ration card having a photo of the applicant
• Aadhaar card
• Original Certificate of Identity signed by Gazette officer/Member of Parliament/Member of Legislative Assembly/Municipal Councilor
• Photo ID issued by the Central/State Government
• Pensioner card having photo of the applicant
• Central Government Health Scheme Card
• Ex-servicemen Contributory Heath Scheme photo card
• Original Bank Certificate on letter head from the branch

3.Proof of Address

• Election Photo ID card
• Driving License
• Passport
• Bank Statement
• Credit card statement
• Original Certificate of Identity signed by the Gazette officer/Member of Parliament/Member of Legislative Assembly/Municipal Councilor
• Landline Telephone or Broadband Connection Bill
• Employer Certificate in original
• Electricity Bill
• Depository Account Statement
• Water bill
• Consumer gas connection card
• Spouse’s passport
• Property registration document

What should I do if I lose my PAN card?

The first thing to do when you realize that the PAN card is lost or stolen is to go the nearest police station and lodge a complaint. Be sure to get a copy of the FIR, which can be used as a future reference when you apply for a new PAN card. This FIR is also essential to prevent any misuse of your card by a third party and to safe guard from being held responsible for inappropriate use. After this, you can apply for a duplicate copy to be issued.

See Also: how to apply pan card duplicate?

To apply for a duplicate PAN card online:

• Log onto https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html and select “Reprint of PAN card” option under the ‘Application Type’ drop down list.

• Select the category and fill in the details like Name, E-mail, Phone and so on.
• After filling the form, supporting documents must be uploaded along with proof of the existing card which he/she wishes to reprint.
• A payment towards getting the replacement card must be made. Payment can be made either through Net Banking, Credit/Debit card or Demand Draft.
• Once this is done, an acknowledgement is provided with a unique 15 digit number, which can be used as a future reference.
• After the documents are verified, the duplicate PAN card will be dispatched within 2 weeks.

To apply for a duplicate PAN card offline:

• Collect the Request for new PAN card or/and changes or correction in PAN data form from your nearest district level PAN agency or UTIISL agents.

• Fill in the form and attach the supporting documents (Address proof, Identity Proof, Proof of PAN) and photographs.

• After filling the form, submit it and the necessary documents to the PAN agency/UTIISL agent, along with the processing fee.
• The duplicate PAN card will be sent to your address, within 15 working days.

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