There is no age-related rule for making a PAN card from the Income Tax Department. If you want, you can get a PAN card made for a small child as well. It is called Minor PAN. There are many benefits of having a PAN card with a child. The process of applying for it is also very easy and the fee is also nominal.
Whether it is filing income tax return or opening a bank account. Whether it is about investing. There are many such works that cannot be done without a PAN card. Therefore, it is very important to have a PAN card. Many people think that PAN card is issued only for people above 18 years of age, but you are wrong. There is no rule regarding PAN card.
According to section 160 of the Income Tax Act, you can also get a PAN card made for a child. The PAN card made for a child is called ”Minor PAN Card”. Only the parents have the permission to use this PAN card. If you want to get a PAN card made for your child, then its online process is very easy.
Why is PAN card necessary for a child?
There are many benefits of a child having a PAN card. According to the Income Tax Department, any minor can get a PAN card made. There is no rule for this. However, when the child turns 18 years old, it is necessary to update it. Minor PAN card does not have signature and photo. Which is necessary to update later. Benefits of Minor PAN Card
- Investment: If you want the child to invest, then a PAN card will be required. If you want to make the child a nominee in your investment, then its importance increases in that too.
- Bank account: A PAN card is required to open an account in the bank.
- Earning: If the child has any source of income, then a PAN card will be required in that too.
Process of applying online
- First of all search NSDL on Google and tap on the first link “Online PAN application”.
- After the PAN application opens, select the type “New PAN- Indian Citizen (Form 49A)”, then select ‘Individual’ in the category.
- Fill in the details like full name, DOB, mobile number and email ID in the applicant information below.
- Now fill the captcha and submit it.
- A token number will appear in front of you. Note it down and click on “Continue with PAN Application Form”.
- Now select “Forward application documents physically” on number 3.
- Enter the last 4 digits of the Aadhaar card and name and check the previously filled information. Many new details will also have to be filled here.
- After this click next. Here it will be the turn to submit parent details, income details and documents.
- Once all these steps are completed, the option to submit will come at the end. A fee of Rs 107 is charged for this.
- ‘After the verification is complete, you will be able to download the PAN card online. It takes at least 15 days to get a PAN card made.”
List of required documents
- Aadhar card
- Ration card
- Post office passbook
- Domicile certificate
