PAN Card Tips: You can also get a PAN card for your child, you get many benefits; Simple process to apply online..

Whether it is filing an income tax return or opening a bank account. Whether it is about investing. There are many such works which cannot be done without a PAN card. Therefore, it is very important to have a PAN card. Many people think that a PAN card is issued only for people above 18 years of age, but you are wrong. There is no rule regarding PAN cards.

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 a "Minor PAN Card". Only the parents have permission to use this PAN card. If you want to get a PAN card made for your child, then the online process is very easy.

Why is a PAN card necessary for a child?

There are many benefits of having a PAN card with a child. According to the Income Tax Department, any minor can get a PAN card. There is no rule for this. However, when the child turns 18 years old, it is necessary to get it updated. Minor PAN Card does not have signature and photo. Which is necessary to update later.

Benefits of Minor PAN Card

Investment: If you want your child to invest, then a PAN card will be required. If you want to make your 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 a bank.

Earning: If the child has any source of income, then a PAN card will be required 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 “New PAN- Indian Citizen (Form 49A)” type, 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 in 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 information already filled. Many new details will also have to be filled here.

After this click next. Here it will be your 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 make a PAN card.”

List of required documents

Aadhaar card

Ration card

Post office passbook

Domicile certificate