PAN (Permanent Account Number) cards are unique identifying numbers provided by the Indian Income Tax Department. To perform financial activities in India, all persons and companies must possess a PAN card. Obtaining a PAN card is required for trust entities to conduct financial transactions such as opening a bank account and filing Income Tax Returns, among other things. In this article, we will guide you through the process of creating a PAN card for your trust.
Process to create a trust PAN card
The process of creating a PAN card for a trust entity is simple and involves a few steps. Go to the Income Tax Department, protean, or UTIITSL official website. You can apply online or submit the physical form with supporting documents at one of the PAN document centres. For offline application, you can either take a print of the downloadable PDF form that is available online or get one from the PAN document centre. You can also submit the online application and get the documents collected at your nearest PAN centre.
In the form, you need to select the category as ‘Trust’ to apply for a PAN card for a trust. Fill out the form with the accurate information and attach any papers required for the application. Support documents should prove the trust entity's identity, address, and existence. Additionally, you must submit verification of identification and residence for the trustees, as well as recent passport-size pictures.
When you submit the application online or offline, you will receive an acknowledgement number. You can use this number to track the status of your application. The Income Tax Department or their authorised agency will process your application and, once verified, issue a PAN card to your trust entity.
Documents required for trust PAN card application
To apply for a PAN card for a trust entity, you must submit the following documents:
- Trust identity proof: A copy of the trust deed or a registration certificate from the Charity Commissioner.
- Trust address proof: A copy of the trust deed, a registration certificate issued by the Charity Commissioner, or a utility bill or property tax assessment order in the trust's name.
- Proof of existence: A copy of the trust deed or a registration certificate from the Charity Commissioner.
- Proof of identity and address of trustees: You will be asked to present the same documentation as individuals, including proof of identity and address.
- Photographs: Each trustee should submit two recent passport-sized pictures.
All documents must be self-attested by the applicant. The name on the documents should match the name on the PAN application. If the documents are not in English, a translated version in English has to be provided.
Who needs to sign the PAN application for a trust?
Any trustee must sign the PAN card form. If he or she is unable to do so, the form requires a left thumb impression.
Creating a PAN card for your trust entity is required to undertake financial transactions in India. The process to apply for and acquire a PAN card for your trust entity is easy. Ensure that all documents given match the information in the application to avoid any delays in processing.
