Now not only adults but children too will get a PAN card. There is no age limit for making a PAN card in Section 160 of the Income Tax Act. That is, now minor children below 18 years of age will also get a PAN. Meaning, if parents want to make their children financially secure for the future, or want to make them nominees in their mutual funds, shares, or any other investment, then it is necessary to make a PAN card in this regard.
Why It Is Important
Usually, to avoid tax, people link the income of minors with the income of parents, but if children below 18 years of age earn income through job or business or any other professional way, then they come under the category of tax payers and for this it is necessary to have a card. Apart from financial security, a PAN card is also needed to avail scholarships or government schemes.
How to apply for PAN card
Go to Google and search for NSDL PAN application website
Then click on the online PAN application site
After this, choose the option of ‘New PAN – Indian Citizen (Form 49A)’ in the application type.
After this, select the ‘Individual’ category.
Fill the full name, age, mobile number and email ID of the minor in the form. Enter the captcha and click on the submit button.
After this you will get a token number. Note it in a safe place and click on ‘Continue with PAN Application Form’.
In the next step, go to document mode and link the Aadhaar card. Then fill in the income of the parents and all other required details.
After submitting the documents, deposit the prescribed fee to complete the application.
After all the information is verified, your PAN card will be ready within about 15 days.
If required, you can also download it online.
