Form 49AA for PAN Card is an essential application required by foreign residents or non-individual companies established outside India. The form seeks the applicant’s KYC details and must be filled out by Foreign Institutional Investors or Qualified Foreign Investors in compliance with the Securities and Exchange Board of India’s (SEBI) regulations.
Structure of Form 49AA PAN Card
The structure of Form 49AA is quite similar to Form 49A. Individuals applying for PAN through Form 49AA must provide essential details necessary for the KYC process. Below are the main components of the form that the applicant needs to complete.
- Full name: The applicant must include their full name, including marital status, first name, and surname.
- Abbreviation of the name: The applicant needs to provide an abbreviated version of their name, which will be shown on the PAN card.
- Other names: Applicants may list any other names they are known by apart from the one mentioned above.
- Gender
- Date of birth: This section requires the applicant to enter their date of birth. For organizations, the date of incorporation, partnership, agreement, or trust deed should be mentioned.
- Father's name
- Assessing Officer code: Here, applicants need to provide the Assessing Officer code, including the Area code, Account office type, Range code, and the office number.
- Residence and Office Address
- Communication address
- Contact details: telephone number and email id
- Status of the applicant: The applicant must specify if they are an individual, member of HUF, company, partnership firm, etc.
- Registration number: For firms, companies, LLPs, and similar entities.
- Citizenship
- Representative of the applicant in India: This includes details of any representative or agent, such as their name and address.
- Documents submitted: A list of documents submitted along with the form should be mentioned.
- KYC details: This section should be filled by a Qualified Foreign Investor, as per SEBI regulations. It includes marital status, occupation, citizenship, and other relevant information.
How to Complete PAN Card Form 49AA?
When filling out Form 49AA for a PAN card, individuals or corporations must follow certain guidelines. Although the process may seem straightforward, adhering to the regulations is crucial to avoid rejection.
Below are some important rules to follow when filling out Form 49AA.
- Basic Rules for PAN Card Form 49AA Online Application – The form must be filled out in English, using block letters. Each box should contain only one character, and black ink should be used, preferably with a ballpoint pen rather than a liquid ink pen.
- Thumbprint and signature on photographs: The applicant must place a signature or left-hand thumb impression on the photograph located at the top left corner of the form. The signature or thumb impression should be visible on both the photograph and the form.
- AO code details The AO code including Area Code, AO Type, Range Code, and AO Number must be completed by the applicant. These details can be obtained from the Income Tax office or PAN Card centers.
- Accuracy of information: Providing accurate details is crucial. Incorrect information may lead to the rejection of the PAN application.
- Contact information: As the applicant is a foreign resident, they must include the ISD code of their phone number, along with the country’s name and zip code.
Documents Needed with Form 49AA
Foreign residents applying for PAN using Form 49AA must provide the following documents for verification:
Identity Proof Documents:
- Driver’s License
- Passport
- Arm’s License
- Aadhaar Card
- Government-issued Photo ID
- Pensioner Card
- Bank certificate
Address Proof Documents:
- Electricity Bill
- Landline Bill
- Broadband Bill
- Water Bill
- Gas Bill
- Bank Statement
- Post Office Statement
- Passport
- Domicile certificate
- Aadhaar Card
- Spouse's Passport
- Depository Account Statement
Where to Submit Form 49AA?
Applicants should send the completed Form 49AA along with copies of required documents to NSDL or UTIITSL offices. The following is the address of the NSDL office:
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Income Tax PAN Services Unit, NSDL e-Governance Infrastructure Limited, 5th Floor, Mantri Sterling, Plot No. 341, Survey No. 997/8, Model Colony, Near Deep Bungalow Chowk, Pune – 411 016 |