All taxpayers whether individuals and entities, resident Indians and NRIs, need to apply for PAN Card. Such persons get a Permanent Account Number (PAN) issued by the Income Tax Department under the Income Tax Act, 1961 which is a unique identity number.
Following persons are eligible to apply for PAN Card:
Above persons can also request for a correction/ updation on PAN card. The Income Tax Department has an authority to levy a penalty upon taxpayers who do not have a PAN card or having more than one PAN of the same person.