In India, the issuance of a Permanent Account Number (PAN) card is a crucial requirement for individuals and entities alike. For trusts and charitable organizations, obtaining a PAN card is essential not only for legal compliance but also for financial transparency. This article will guide you through the process of PAN card registration for NGO and charitable trusts.
All charitable organizations may exist as non-profit companies, societies, or trusts. However, the structure or management is not the essence of the charitable organization. It is the objectives that distinguish a charitable organization from a business organization. In order to apply for a Permanent Account Number card for a charitable trust, the following documents are required:
The fourth character of PAN represents the status of the PAN holder. A trust is represented by the character ‘T’ (E.g. ALWTG5809L). The charges for obtaining a PAN card for a charitable trust are the same as those for an individual PAN card application.
A non-governmental organization (NGO) can apply for a PAN card by submitting an application form along with supporting documents to the Income Tax Department. The application form can be downloaded from the official website of the Income Tax Department. The authorized representative of the NGO must make the application on behalf of the NGO. The application process is similar to that of an individual or HUF PAN card, but there are some additional requirements that need to be fulfilled:
After completing the application form and uploading the required documents, pay for the PAN card application fee. You will then receive an acknowledgment number that you can use to track the status of your application. It typically takes around 15-20 business days for the PAN card to be issued and delivered.
The process of applying for a PAN card for NGO & charitable trusts is similar to that of an individual PAN card application. The following are the steps involved in applying for a new PAN application:
It is important to note that the Income Tax Department NEVER asks for your PIN numbers, passwords, or similar access information for credit cards, banks, or other financial accounts through e-mail. Taxpayers are advised NOT to respond to such e-mails and NOT to share information relating to their credit card, bank, and other financial accounts.
Here are some reasons why having a new PAN card is essential for NGO & charitable trusts:
In conclusion, obtaining a Permanent Account Number card for trust and charitable organizations is a simple process that requires the submission of the required documents and payment of the application fee. The process of applying for a new Permanent Account Number application is similar to that of an individual PAN card application. It is important to ensure that the required documents are submitted along with the application form to avoid any delays in the issuance of the PAN card.
Online CSR Registration for NGO
Guide for NGO Darpan Registration
Difference Between NGO and NPO
LUT Renewal FY 2025-26: GST Exporter's Checklist Introduction If you're an exporter in India, you need to submit a Letter…
Cross-Border Compliance: Global Business Regulations Introduction Taking your business international can open exciting opportunities. But with that growth comes the…
Penalties from Non-Compliance in OPC Annual Filing Introduction An One Person Company (OPC) is a type of business in India…
Comply with FDI Norms During Registration Introduction If you're planning to register a business in India with foreign investment, it's…
USA-Registered LLC Penalties Despite No Activity Introduction Just because your US LLC hasn’t started doing business doesn’t mean you can…
Legal Steps for Indian Innovators Introduction Starting something new and innovative in India is exciting, but it also means you…
Leave a Comment