Skip to main content

Updating a minor PAN card upon becoming adults

 Updating a minor's PAN card once they become adults

A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature.

Application

The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab.

Information

The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs.

Documents

Identity and address proof in the form of a copy of the applicant's Aadhaar card, passport, voter ID or bank account statement should also be enclosed with the application form.

Fee

A fee of `107 needs to be paid either through online banking or by creditdebit card. Alternatively, a demand draft of `107 drawn in favour of NSDL-PAN must be enclosed with the application.

Process

Once the online form has been submitted, the applicant will receive an acknowledgement number. The completed application must be dispatched to the nearest NSDL or UTISL-approved centre.

 

The applicant can find out the status of his application by quoting the acknowledgment number.

If necessary, the applicant can also make other changes to the PAN data (address or name correction, etc.) at the same time, by submitting the relevant documents.

The applicant should ensure that the proof of address, identity, etc. enclosed with the application is valid.

-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

Popular posts from this blog

HSBC Mutual Fund - Change in Fund Manager

  Mr. Jitendra Sriram is moving to another HSBC group company. Hence, he will cease to be the fund manager of these schemes with effect from November 16, 2011. The fund management responsibilities have been realigned as following :   Schemes    Fund Manangers HSBC Equity Fund   Tushar Pradhan HSBC Unique Opportunities Fund   Tushar Pradhan HSBC India Opportunities Fund   Tushar Pradhan HSBC Dynamic Fund   Tushar Pradhan (for equity) & Sanjay Shah (for fixed income) HSBC Tax Saver Equity Fund   Aditya Khemani HSBC Progressive Themes Fund   Dhiraj Sachdev HSBC MIP - Savings & Regular Plan   Aditya Khemani (for equity) and Sanjay Shah & Ruchir Parekh (for fixed income)   -----------------------------------------------------------------   Also, know how to buy mutual funds online:   Invest in DSP BlackRock Mutual Funds Online   Invest in Reliance Mutual Funds Online   Invest in...

Templeton India Corporate Bond Opportunities Fund (TICBOF)

Income Fund from Templeton India Templeton India Corporate Bond Opportunities Fund (TICBOF) is an open-end income fund, which seeks to provide regular income and capital appreciation by focussing on corporate securities. The fund manager will invest in corporate securities with an optimal liquidity and credit risk. He will follow an active investment strategy taking defensive/ aggressive postures depending on the opportunities available at various points in time. The minimum amount on application is . 5,000. The NFO closes on November 29. An income fund invests in a mix of corporate bonds as well as government securities. The fund manager has the option to change the maturity profile of the fund based on the interest rate environment. So, in a rising interest rate scenario, the average maturity period of the portfolio is low (typically 1 to 2 years) while in a falling interest rate environment, the average maturity period is high (typically 4 to 5 years). TICBOF will not invest in go...

PSU insurers withdraw no-claim bonus benefit on health insurance

Start Saving for Tax 2018 by Investing in ELSS Funds Online Policyholders are starting to feel the pinch of steadily increasing health insurance premiums. To make matters worse, some PSU insurance providers are withdrawing benefits such as no-claim bonus (NCB) and family bonus. However, there has not been any major exclusion by private insurers in terms of extended benefits of NCB and family cover discounts. So should you switch? Here are the pros and cons.   Should you port your policy?   Private insurance companies like Aditya Birla Health Insurance and HDFC Ergo General Insurance provide NCB and family discount in floater for more than two or more individuals. Similar benefits are offered by Cigna TTK and SBI General insurance.   While porting is always an option, there are a few issues to consider. Subramanyam Bhrahmajosyula, Head, Underwriting & Reinsurance, SBI General Insurance, says, Keep in mind that the company you're porting to is not obliged to match the premium or ...

Gifts to relatives will not attract tax

Tax Saving Mutual Funds Online Current open Infra Bond Application form Gifts are always special to the recipient and it would be extra-special if there is no tax payable on these. The taxman believes so, too. In the provision introduced in Section 56 of the Income Tax Act, if any sum of money is received gratis by an individual or Hindu Undivided Family (HUF) during any year, it shall not be taxable if from a relative. The law has already defined the term 'relative' and HUF. However a case that came up before the Income Tax Tribunal shows that some clarifications were still needed. Background The law also exempts gifts during special occasions like marriage of an individual or under a will or by way of inheritance and even in contemplation of death of the payer. Money received as grants or loans from educational institutions/universities, charitable trusts or similar institutions is also exempt. The term relative has been defined in the law to include spo...

Mistakes Smart Investors avoid

Tax Saving Mutual Funds Online Current open Infra Bond Application form   Stay the course in a bear market and think long-term to gain from stock play    Stock market was not a great place to be in last year. A host of issues like the euro zone crisis, slowdown in the domestic economy and the policy paralysis spooked investors in 2011. While the broad-based Nifty lost 21% during the year, the CNX Mid Cap lost 32%. Some sectoral indices like the CNX Infrastructure and Bank Nifty were down 39% and 32%, respectively. And things don't look rosy for 2012. Most investment experts believe the stock market is likely to remain subdued this year too.   However, these don't mean you (or investors) should stay away from the market, as the market can always spring a surprise. For example, not many people were bullish on the market in 2009, but it gained over 80% that year. That is why it is important that you tread cautiously in the market so that you can reap the...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now