How to obtain PAN card for NRI’s

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• An Initial Step to obtain PAN Card for NRI

Being thoroughly informed about How to obtain PAN
card for NRI goes a long way in making life
easier for Indians who are living outside the
country. The PAN card is a vital proof for
carrying out financial transactions in India.
That may include a gamut of activities, for
instance, investing in shares, buying or selling
real estate properties, obtaining income from
rent, opening an NRI bank account, availing loan
facility, securing for sign remittance, etc. On
the PAN card, the Permanent Account Number or PAN
of an individual or entity is printed. The number
gives a unique identity to the PAN holder and it
is issued by the Income Tax Department under the
Income Tax Act, 1961. Getting a PAN card for NRIs
has become a simplified process nowadays. The
process starts with filling the Pan application
form for NRI. The form can be obtained from the
official website of National Securities
Depository Limited(NSDL) or its various TIN
facilitation centres in India.
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Read on to know more about how to obtain PAN card
for NRI and the initial procedures involved
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• Choosing the application form
•  
• NRIs should be aware of the fact that there are
  two types of application forms - Form 49A and
  Form 49AA. They must select Form 49AAwhich is
  valid for those individuals and entities residing
  outside India. The Form 49A is valid only for
  applicants who are Indian Citizens and Indian
  companies within India.
•  
• Filling and submitting the form
•  
• The Pan Application form for NRI has sections
  where relevant details such as name, address,
  signature and passport-sized photographs must be
  provided. Along with the form, applicants must
  also furnish their valid proof of identity (POI)
  and proof of address (POA). The forms should be
  submitted to the NSDL along with a processing fee
  which is around Rs. 1,040 for applicants residing
  outside India.
• After the successful processing of the forms, the
  PAN card will be delivered to applicants
  addresswithin 15 to 20 business days. The
  applicants will get a 15-digit unique
  Acknowledgment Number which can be used to track
  the application status within 3 or 4 days of
  application.