Non Resident Individuals (NRI) should obtain a Permanent Account Number (PAN), for transactions such as property deals, opening bank accounts, demat accounts, investing in Indian markets, sale of property, claiming refunds on TDS, to get a telephone connection in India, and many more. Previously, every assessee, irrespective of its residential status , would make an application in form 49A. But according to the recent amendments made by the department, Non Residents have to furnish their details in a separate form – 49AA providing all the information in a prescribed format.

The new application form applies to:

• Companies registered outside India;
• Individuals not being citizens of India;
• LLPs registered outside India;
• Firms or Association of persons (Trusts or otherwise) formed or registered outside India;
• Other specified entities registered outside India.

Necessary details which are required to be filled in Form 49AA are:

• Personal details: Name, Gender, Date of birth, Father’s name
• Date of incorporation, in case of a Company
• Residential address and office address
• Country of citizenship
• Telephone Number with STD Code
• Status of Application
• Registration Number
• Representative or agent of the Applicant in India
• Proof of Identity and Proof of Address documents

The above list is not exhaustive in nature and it is just provided for awareness purpose. It provides a summary of necessary information to be furnished in the new form.

Please also visit our “NRI” Section on the home page under “Individual Taxation” Segment for more details  and also other taxation issues related to NRIs.

You can also apply for New PAN or get correction in the existing PAN Card, please visit our “PAN New/ Correction” sectionr  under “Individual Taxation” Segment on the home page.