How to Apply for Minor PAN Card: Whether you’re filing an income tax return, opening a bank account, or starting investments in various financial instruments, having a PAN card is essential for completing numerous financial transactions. While many believe that PAN cards are only issued to individuals over the age of 18, that is not the case. You can apply for a PAN card for your child. According to Section 160 of the Income Tax Act, a PAN card issued for a minor is referred to as a “Minor PAN Card.” However, only parents or legal guardians are permitted to use this PAN card until the child reaches the age of majority.
According to the Income Tax Department, any minor can apply for a PAN card without any restrictions. However, it is essential to update the PAN card once the child reaches the age of 18. The Minor PAN Card does not have a signature or photo, which will need to be added during the update process.
Benefits of a Minor PAN Card
- Investment: A PAN card is necessary if you wish to make investments on behalf of your child.
- Nomination: It becomes especially important if you want to name your child as a nominee in your investments.
- Bank Account: A PAN card is required to open a bank account for your child.
Step-by-Step Guide to Applying for a Minor PAN Card
- Visit the NSDL website and click on the “Online PAN Application” link.
- Select the “New PAN- Indian Citizen (Form 49A)” option, then choose “Individual” as the category.
- Enter your full name, date of birth, phone number, email address, and other required details.
- Fill in the captcha code and click on Submit.
- In a few seconds, you will receive a token number on the screen.
- Write it down and click “Continue with PAN Application Form.”
- Select “Forward application documents physically” on number 3.
- Enter the last 4 digits of your Aadhaar card and name, then verify the information entered.
- You will need to fill in additional details such as the minor’s parent information, income information, and other required documents.
- Once everything is completed, click Submit by paying the fee of Rs 107.
Note: After verification, the PAN card will be available for download online. It typically takes at least 15 days to process and receive the PAN card.
Documents Required to Apply for Minor PAN
- Aadhaar Card
- Ration Card
- Post Office Passbook
- Domicile Certificate
Source: Jagran English
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