Número de Cuenta Permanente para indios no residentes | PAN para NRI

Permanent Account Number (“PAN”) issued by the Income Tax Department is a mandatory unique number required for the purpose of all Income tax related compliance in India. PAN also acts as an Identity proof of Indian residents. However, persons who are non-residents and are having presence in India for limited purposes may also need to apply for PAN in certain cases.

Permanent Account Number or PAN is mandatory for all the persons including NRI who are required to file their Income tax return (“ITR”) under Income Tax Act, 1961 or who wish to carry out financial functions in India. Therefore, it is mandatory for all those NRIs who wish to operate or invest in India to apply for PAN.

1. Who needs to apply for PAN as NRI?

PAN is a prerequisite for every person who wants to file Income tax return in India or who wants to enter into a transaction where quoting PAN is mandatory as per Income tax act. Therefore, in such scenarios, it becomes mandatory for a person to apply for PAN.

List of transactions where quoting PAN is mandatory is given in Rule 114B of Income Tax Rules read with Section 139A(5)(c) of Income Tax Act. Department has added various new transactions in this list to curb the black money generation and improve transparency. However, exemption is provided to NRI to quote PAN for few transactions.

Section 114B defines following transactions where reporting of PAN is mandatory for NRI:

1. Sale or purchase of motor vehicle, other than two-wheeler.
2. Opening a bank account (other than saving account and fixed deposits). Therefore, for the purpose of opening a current account with a bank, it is mandatory to have PAN.
3. If an NRI wishes to invest in the Indian Capital market including mutual funds and shares as it is mandatory to quote PAN for opening DEMAT Account with depository, participant, custodian of securities or any other person with SEBI.
4. For investment in units of mutual funds, exceeding INR 50,000, NRI needs to quote PAN first.
5. Deposition of cash with a bank or a co-operative bank for an amount exceeding INR 50,000.
6. Payment made to any company or institution for purchase of bonds exceeding INR 50,000.
7. Creating term deposit/fixed deposit with any bank or co-operative bank of exceeding INR 50000 or where aggregate amount of all FDs during a financial year exceeds INR 5,00,000.
8. Payment of life insurance premium where aggregate payment during the financial year exceeds INR 50,000.
9. If an NRI has a property or land. Sales or purchase of immovable property requires quotation of PAN if value of property or stamp duty value of the property is exceeding INR 10 Lacs.
10. Entering in contract of sales or purchase of securities, other than Shares, where value of transaction exceeds INR 1,00,000.
11. Sale or purchase of unlisted shares where value per transaction exceeds INR 1,00,000.

2. What are the benefits of NRI PAN?

NRI PAN is a widely accepted proof of identity throughout the country. Therefore, holding a PAN doesn’t only help into entering various transactions but also smoothen identity related activities. PAN can have following benefits:

• It helps in smooth flow of taxation procedure
• Can easily buy properties, land and assets.
• Can invest in the capital market.
• It is easy for the process of KYC.

3. What are the documents required for NRI PAN?

Different sets of documents are required for Individual or HUF or other body corporates. For PAN Application, documents are required for Identity proof and address proof.

3.1 Documents required for Non-resident Individual or HUF for NRI PAN

Identity Proof for NRI PAN:

• 2 recent passport size photos.
• Copy of a Passport (No attestation is required) or
• Copy of person of Indian Origin (PIO) card issued by Government of India (No attestation is required) or
• Copy of Overseas Citizen of India (OCI) card issued by government of India (No attestation is required) or
• Copy of any other national or citizenship identification number or card duly attested by “Apostille” (in respect of countries which are signatories to the Hague Convention of 1961) or by the Indian Embassy or High Commission or Consulate in the country where the applicant is located or authorised officials of overseas branches of Scheduled Banks registered in India.

1. Address Proof for NRI PAN

• Copy of a Passport or
• Copy of person of Indian Origin (PIO) card issued by Government of India or
• Copy of Overseas Citizen of India (OCI) card issued by Government of India or
• Copy of Bank statement in the country of residence or
• Copy of Non-resident External (NRE) bank account statement in India, or
• Copy of Certificate of Residence in India or Residential permit issued by the State Police Authorities, or
• Copy of Registration certificate issued by the Foreigner's Registration Office showing Indian address, or
• Copy of Visa granted & Copy of appointment letter or contract from Indian Company & Certificate (in original) of Indian address issued by the employer.

Note: Above mention proof is of residence address. However, In case NRI have any Office Address of India then in addition to the above mentioned proof of address, following additional document is also required:

1. Copy of appointment letter/contract from Indian Company and
2. Certificate (in original) of address in India of applicant issued by authorized signatory of employer on employer's letter head mentioning the PAN of the employer and
3. Copy of PAN card for the PAN mentioned in the employer's certificate.

3.2 Documents required for Non-resident other than Individual or HUF, i.e, company or Firm or AOP or BOI 

1. Prueba de identidad y domicilio para el PAN de NRI

1. Certificado de registro emitido en el país donde se encuentra el solicitante, debidamente certificado mediante "Apostilla" (respecto a los países signatarios del Convenio de La Haya de 1961) o por la Embajada, Alto Comisionado o Consulado de la India en el país donde se encuentra el solicitante, o por funcionarios autorizados de sucursales en el extranjero de bancos programados registrados en la India; o
2. Copia del certificado de registro emitido en la India o de la aprobación otorgada por las autoridades indias para establecer una oficina en la India.

4. Proceso de solicitud del PAN para NRI

Para solicitar el PAN, los NRI deben visitar https://tin.tin.nsdl.com/pan/.  

• Los NRI que sean ciudadanos indios deben completar el Formulario 49A. Por otro lado, los NRI con ciudadanía de otro país deben completar el Formulario 49AA.
• Al ingresar la información solicitada en el formulario y verificarla, aparecerá un comprobante de acuse de recibo con un código de 15 dígitos. Imprima el formulario y el comprobante de acuse de recibo.
• En el espacio indicado, pegue 2 fotografías tamaño pasaporte y, en el otro recuadro, firme con tinta negra o coloque su huella dactilar.
• Adjunte todos los documentos requeridos junto con la solicitud.
• El acuse de recibo debe llegar a la dirección designada dentro de los 15 días posteriores a la presentación del formulario.

Haga clic aquí para solicitar el PAN para NRI

6. Procedimiento de pago para el PAN de NRI

• Las tarifas pueden pagarse mediante tarjeta de débito, tarjeta de crédito o banca en línea para los métodos de pago digitales.
• En caso de que el NRI desee pagar la tarifa de forma presencial, puede emitir un giro bancario (demand draft).

Aunque el proceso para obtener un PAN de NRI parece sencillo, siempre se recomienda optar por agencias o consultores que trabajen habitualmente en este campo.

7. Puntos a tener en cuenta al solicitar el PAN para NRI

• Dirección:- Se debe proporcionar una dirección residencial válida del país de residencia para fines de comunicación. En caso de no contar con una dirección residencial válida, se puede proporcionar la dirección de la oficina o la dirección de residencia en la India.

Se debe proporcionar una dirección de correo electrónico y una dirección postal genuinas para futuras comunicaciones. Si se proporciona una dirección extranjera, esta debe estar completa, incluyendo el código postal, el nombre de la provincia y el nombre del país. Los gastos de envío serán mayores para este tipo de direcciones.

• Fotografía y firma:- Se debe proporcionar a la autoridad una fotografía reciente. La firma no debe estar sobrescrita ni manchada. La fotografía y la solicitud en el comprobante de acuse de recibo deben coincidir con las presentadas en la solicitud.

8. Consecuencias y sanciones por incumplimiento

8.1 Sanciones por poseer más de un PAN de NRI

La Ley del Impuesto sobre la Renta permite que una persona posea únicamente un PAN. Por lo tanto, si una persona posee más de un PAN, se impondrá una multa de 10,000 INR bajo la sección 272B de la Ley del Impuesto sobre la Renta.

Si por error se le han asignado varios PAN, es recomendable renunciar al PAN adicional.

8.2 No poseer un PAN o declarar un PAN incorrecto

Toda persona obligada a poseer un PAN debe proporcionar el número correcto para las transacciones contempladas en la Regla 114B. Asimismo, se debe proporcionar el PAN correcto a la persona responsable de retener o recaudar impuestos.

Por lo tanto, si una persona no posee un PAN o proporciona intencionalmente un PAN incorrecto cuando es requerido, se le impondrá una multa de 10,000 INR bajo la sección 272B de la Ley del Impuesto sobre la Renta.

Más información sobre cómo determinar la sujeción a impuestos de un residente extranjero en la India