PAN For Children: Is PAN card necessary for children? Know how to apply for PAN for children

 

PAN Card News:  When you make your child the nominee of your investment, the minor also needs a PAN card. To open a bank account in the name of the child, when you open a bank account in the name of the child or a Sukanya Samriddhi Yojana account (SSY) for a minor daughter, you will have to provide the child's PAN card details.

How To Apply For PAN Card: PAN cards are not only issued to adults but minors can also be issued PAN cards for certain purposes. According to Section 160 of the Income Tax Act, there is no minimum age for issuing a PAN card. Therefore, minors can also apply for a PAN card. Not only this, a child below the age of five can also apply for a PAN card. However, he cannot apply for a PAN card himself. His parents will have to apply for a PAN card on his behalf. Let us know when children need a PAN card.

When is a child's PAN card required?

Any child needs a PAN card when the parents invest in the name of the child. Apart from this, when you make your child the nominee of your investment, the minor also needs a PAN card. To open bank account in the name of the child, when you open a bank account in the name of the child or a Sukanya Samriddhi Yojana account (SSY) for a minor daughter, you will have to provide the child's PAN card information. If a minor is working and needs to file an ITR, then he can obtain a PAN card. It is also necessary to have a PAN card to file ITR.

How to apply for a child's PAN card?

Minors cannot get their PAN card made on their own. Only their parents or guardians can apply for a PAN card for them. PAN cards can be applied both online and offline. The process of applying for a PAN card online for a minor is something like this-

1. First of all go to the NSDL website and download Form 49AA.

2. Now enter the personal details of the applicant.

3. Upload the minor's photos and other necessary documents.

4. After this upload the signature of the parent or guardian.

5. After this make the payment and submit the form.

6. You will get a receipt number to track the application status.

7. After verification, you will get the PAN card within 15 days.

How to apply for a PAN card offline for a minor

1. First of all get Form 49A from the official website or NSDL office.

2. Fill all the personal information in the form and submit it.

3. Attach two photographs of the child and the necessary documents.

4. Now submit the filled form and documents along with the fee to the nearest NSDL office.

5. After verification, your PAN card will be sent to the given address.

Documents required to apply for a PAN card for a minor

1. Address and identity proof of parents

2. Identity proof of applicant (Aadhar card / Ration card / Passport / Driving license / Voter ID card)

3. Address proof (Aadhar card / Post office passbook / Property registration document / Residence certificate)

The PAN card given to minors does not have their photo or signature. In such a situation, it cannot be used as a proper proof of identity. Therefore, when people turn 18, they have to apply to update their PAN card.