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Follow on Google News | India Issues New Requirements for Permanent Account Numbers (PAN)The new measures aim to reduce the number of fake PAN cards or multiple PAN cards obtained by companies and individuals, verify personal and proprietary data, stop forging details to evade taxes
By: Nair & Co. While applying for a PAN card, it would soon become mandatory for the applicant to also submit original documents i.e. proof of identity (POI), proof of address (POA) and date of birth (DOB), at the counter of PAN facilitation centres along with self-attested copies of the same. However, original documents would be returned after on-the-spot verification. PAN is a 10-digit alphanumeric number which is assigned to tax payers in India by the Indian Income Tax (I-T) Department under the supervision of the Central Board for Direct Taxes (CBDT). Further, foreign applicants may face trouble while obtaining PAN cards due to the new process issued by the I-T department. For more information about doing business overseas (http://www.nair- Subscribe (http://www.nair- Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts (http://www.nair- About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point- Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867 End
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