Cody Casey
Non-Resident Indians (NRIs) need a Permanent Account Number (PAN) card for a range of financial activities in India, including investing in stocks, buying property, and opening bank accounts. While NRIs are required to link their PAN cards with their Aadhar cards, those not residing in India and not earning an income in India are exempt from this rule. NRIs can apply for a PAN card without an Aadhar card by filling out Form 49AA (for foreign citizens) and submitting it through NSDL or UTIITSL, either online or offline.
| Characteristics | Values |
|---|---|
| Mandatory document for NRIs? | Not mandatory for all activities but required for tax purposes and financial transactions in India. |
| Mandatory to link PAN and Aadhar? | Yes, but NRIs not residing in India are exempted from the linking process. |
| Application form | Form 49AA for foreign citizens or OCI cardholders. Form 49A for Indian citizens. |
| Application process | Online via NSDL or UTIITSL websites, through authorized agents, or by visiting a PAN service center. |
| Documents required | Passport copies, overseas address proofs, valid visa, and bank statements. |
| Delivery time | 2-4 weeks. |
| Cost | INR 2800-3500. |
| e-PAN option | Yes, both resident Indians and NRIs can opt for e-PAN. |
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What You'll Learn
- NRIs without an Aadhar card can fill out Form 49AA
- NRIs with an Aadhar card can download their PAN card in PDF format
- NRIs can apply for PAN online, via agents or by visiting a service centre
- NRIs can opt for e-PAN, a digitally signed card sent via email
- NRIs with Aadhar need to link it with PAN, but those without are exempt
NRIs without an Aadhar card can fill out Form 49AA
NRIs without an Aadhar card can apply for a PAN card by filling out Form 49AA. Form 49AA is a PAN card application form for foreign citizens or non-citizens. It is one of the three PAN card application types used for the allotment of a Permanent Account Number (PAN).
Form 49AA can be filled out both online and offline. To apply online, one can visit the official websites of NSDL or UTI ITSL. For offline applications, one can fill and submit the duly filled application form along with the relevant documents and the prescribed application fee at the nearest UTIITSL or Protean (formerly NSDL eGov) PAN application centre.
The process of applying for a PAN card without an Aadhar card is straightforward. Applicants need to submit their details on NSDL and upload the documents through paperless modes (e-KYC & e-Sign/e-Sign scanned based/DSC scanned based). Once the card is processed, the PAN card will be delivered to the registered address and email (e-PAN).
NRIs are mandatorily required to possess a PAN card if they have a taxable income in India, wish to trade in shares, invest in mutual funds, or purchase land or property in India. Along with the PAN application form, NRIs need to furnish a copy of their passport as proof of identity and any one of the following documents as proof of address: a copy of an NRE bank account statement, a copy of a foreign bank account statement, or a copy of their utility bill.
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NRIs with an Aadhar card can download their PAN card in PDF format
NRIs who are Indian citizens should use Form 49A, while foreign citizens should use Form 49AA. The PAN card will be delivered to the registered address, and the fee can be paid online. The application for a PAN card can be made both online and offline. For offline applications, the duly filled application form, along with relevant documents and the prescribed application fee, can be submitted at the nearest PAN application centre.
NRIs mandatorily require a PAN card if they have a taxable income in India, wish to trade in shares, invest in mutual funds, or purchase property. It is also necessary for filing income tax returns and carrying out investments. In the absence of a PAN card, NRIs can sign Form 60 to open an NRI account.
To apply for an Aadhar card, NRIs must have a valid Indian passport and proof of identity. They can visit any Aadhaar Seva Kendra in India and must be present in the country for at least 182 days in the year before applying.
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NRIs can apply for PAN online, via agents or by visiting a service centre
NRIs can apply for a PAN card both online and offline. Here are the ways in which NRIs can apply for a PAN card:
Online Application:
To apply for a PAN card online, NRIs can visit the official website of either TIN-Protean eGov Technologies Limited (formerly NSDL) or UTIITSL. The application process and the document requirements are the same for both NRIs and resident Indians. NRIs will need to fill out Form 49AA and submit it online, along with the relevant documents and the prescribed application fee. The fee is Rs. 107 if the applicant's communication address is within India and Rs. 1,017 if the address is outside India.
Offline Application via Agents:
NRIs can also apply for a PAN card offline by engaging the services of agents or agencies such as sbNRI, which can expedite the process. Agents will assist in filling out the form, signing it off, and collecting the PAN card on the applicant's behalf. The pricing for this option is generally higher than that of regular PAN card applications, ranging from Rs. 2800 to Rs. 3500.
Offline Application by Visiting a Service Centre:
For offline applications, NRIs can fill out and submit Form 49AA along with the relevant documents and the prescribed application fee at the nearest UTIITSL or Protean (formerly NSDL eGov) PAN application centre. The fee structure for offline applications is the same as that mentioned for online applications.
It is important to note that NRIs have the option to opt for only an e-PAN card, which is a digitally signed PAN card sent via email and is as valid as a physical PAN card. This option should be mentioned at the time of filling out the PAN card form. The entire process of obtaining an NRI PAN card usually takes about 15-20 working days, provided the documents and application are correct.
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NRIs can opt for e-PAN, a digitally signed card sent via email
NRIs can obtain a PAN card, a unique 10-digit alphanumeric identification code, from the Income Tax Department of India. It is mandatory for NRIs to have a PAN card if they have a taxable income in India, wish to trade in shares, invest in mutual funds, or purchase property in India.
NRIs can opt for an e-PAN, a digitally signed card sent via email, which is as valid as a physical PAN card. To apply for an e-PAN, NRIs can follow these steps:
Online Application
NRIs can apply for their PAN card online through the official websites of TIN-Protean eGov Technologies Limited (formerly NSDL) or UTIITSL. They must select the ''New PAN for Indian Citizens' (Form 49A) option if they hold Indian citizenship or Form 49AA if they are foreign citizens. It is important to select 'Non-Resident Indian' in the status section. They should then fill out the digital form with their personal details and scan and upload all necessary documents, ensuring they are clear and readable. The application fee can be paid online through various modes, such as credit/debit cards, net banking, or UPI.
Paperless Application
Applicants without an Aadhar Card can opt for a paperless application by filling out Form 49A (for Indian citizens) or Form 49AA (for foreign citizens). They can submit their details on NSDL and upload documents through paperless modes (e-KYC, e-Sign, or DSC scanned-based). The PAN Card will then be delivered to their registered address and email (e-PAN).
Offline Application
For offline applications, NRIs can fill out the relevant application form (Form 49A or 49AA) and submit it along with the required documents and the prescribed application fee at the nearest UTIITSL or Protean (formerly NSDL eGov) PAN application centre.
It is important to note that the fee for acquiring a PAN card varies depending on the type of card (physical or electronic) and the delivery location. For example, the cost of a physical PAN card sent to an overseas address is ₹994, while it is ₹107 for an address within India.
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NRIs with Aadhar need to link it with PAN, but those without are exempt
The Permanent Account Number (PAN) is a 10-digit identification code allotted by India's Income Tax Department to taxpayers. It is mandatory for anyone filing an income tax return.
Non-Resident Indians (NRIs) are generally exempt from obtaining an Aadhaar card. However, NRIs with an Aadhaar card should link it to their PAN to avoid complications with Indian financial institutions and tax authorities. This is because the Indian government has made it mandatory for individuals to link their PAN with their Aadhaar card to ensure smooth financial transactions and prevent penalties.
NRIs without an Aadhaar card are exempt from the requirement to link the two. However, they must still obtain a PAN card if they earn a taxable income in India, trade shares, invest in mutual funds, or purchase property.
To apply for a PAN card, NRIs who are foreign citizens must fill out Form 49AA online or offline. They must furnish a copy of their passport as proof of identity and one of several documents as proof of address. The form can be submitted online through the website of TIN-Protean eGov Technologies Limited (formerly NSDL) or UTIITSL. Offline applications can be submitted at the nearest UTIITSL or Protean (formerly NSDL eGov) PAN application centre.
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Frequently asked questions
Yes, NRIs can apply for a PAN card without an Aadhar card.
NRIs who are Indian citizens should fill out Form 49A, while foreign citizens should fill out Form 49AA.
Along with the PAN application form, NRIs need to submit a copy of their passport as proof of identity and any one of the following documents as proof of address:
- Copy of an NRE bank account statement (showing a minimum of two transactions in the last six months and duly attested by the Indian Embassy/Consular office/high commission or Apos)
- Overseas address proofs
- Valid visa
Yes, NRIs can opt for an e-PAN card, which is a digitally signed PAN card sent via email and is as valid as a physical PAN card.
NRIs can apply for a PAN card online via the official websites of TIN-Protean eGov Technologies Limited (formerly NSDL) or UTIITSL, through authorized agents, or by visiting a PAN service center, ensuring compliance with Indian tax regulations.
