A complete guide for Minor PAN Card, Documents required for PAN Card for Minor and Process for PAN Card Application Form

Introduction

Every tax-paying citizen of India is given a PAN (Permanent Account Number) card, which has a unique identifying number. Individuals, Limited Liability Partnerships (LLPs), company, and other taxpayers must obtain a PAN card. It connects all of the taxpayer’s financial transactions, making it easier for the government to keep track of all tax-related information for each PAN card holder. The Income Tax (IT) department has not set an age limit for applying for a PAN card. As a result, even minors can apply for a PAN card. In this article information such as Purpose of PAN Card for Minor, Document requires for PAN Card Application Form, and process for PAN Card Application Form is mentioned.

PAN Card for Minor 

Even minors are allowed to apply for a PAN card under section 160 of the Income Tax Act because the Act does not specify an age limit. Children under the age of five can apply for a PAN card, which serves as a permanent identity evidence regardless of name or residence changes.

Situation in which Minor PAN Card is required

• When parents want their minor child to be a nominee for their investments, stocks, or other financial items.
• When parents make a financial investment in their child’s name.
• When a child’s bank account or a Sukanya Samriddhi Yojana account for a minor daughter is required.
• The earnings of a minor from any investments or other sources of income are not taxable and are combined with the earnings of their parents. It is, however, taxable in the following situations, and minors require a PAN card:
  • When they are physically blind, disabled, or otherwise incapacitated.
  • When they have their own source of income.
  • When they make money by using their knowledge, skill, or talent.

Documents required for PAN Card Application Form

• Proof of a Date of Birth of child at the time of an Application.
• A representative assessee’s address proof must be enclosed.
• At the time of Sign or Affix thumb impression minor’s are not eligible to do so, due to the that a representative assessee’s identity proof should be included.
• In the application form, a minor’s photograph (colour) should be attached.
• On behalf of the minor, a representative assessee must sign the application form.

Process for Minor PAN Card Application Form  

• Online Application for PAN Card for Minor

1. 1. Visit the NSDL’s official website.
   2. Choose ‘New PAN – Indian Citizen (Form 49A)’ as the application type and ‘Individual’ as the category.
   3. Fill in all of the details as directed in the Form 49A instructions.
   4. Upload the needed documents as well as the photo.
   5. Click the ‘Submit’ button after paying the fee with a debit card, credit card, demand draught, or net banking.
   6. The application will be given an acknowledgement number that maybe used to track its progress.
   7. In an envelope, enclose all relevant papers (if not already uploaded) as well as the demand draught (if this is the preferred method of payment) and mail it to the Income Tax PAN Services Unit in Pune.
   8. The PAN Card will be issued to the specified address within 10-15 working days after the application has been verified.

• Offline Application for PAN Card for Minor

1. 1. Form 49A can be downloaded from the NSDL’s official website.
   2. Fill out Form 49A according to the instructions provided below the form.
   3. Fill in all of the information as directed.
   4. Please include a copy of all necessary documents.
   5. Two images of the youngster should be attached.
   6. Send the application form, along with the relevant documents and fees, to the nearest UTIITSL/NSDL office or TIN facilitation center.
   7. When you submit your application, you will be given an acknowledgement number. The acknowledgement number can be used to track the application’s progress.
   8. The PAN Card will be issued to the specified address after the application has been verified.

FAQs (Frequently Asked Questions)

1. What Happens When a Child Turns 18 Years Old?

A PAN card issued in the name of a minor cannot be used as proof of identity because it lacks the minor’s photograph and signature. As a result, whenever the child reaches the age of 18, a request for a PAN card update or correction must be submitted.

2. What are the advantages of having a PAN for a minor?

You must make an investment in their name if you want to make your child the beneficiary of your investments, if you want to open a bank account for your child or a Sukanya Samriddhi Yojana account for your daughter.

3. What are the eligibility criteria for PAN Card for minors?

Children under the age of five can apply for a PAN card, which serves as a permanent identity evidence regardless of name or residence changes.

4. What is the difference between a PAN card that is minor and a PAN card that is major?

A PAN card issued in a minor’s name does not include the minor’s portrait or signature, so it cannot be used as proof of identity. When a minor PAN card bearer reaches the age of 18, the required modifications in the PAN records must be made. A fresh card with a photograph and signature is then provided.