Minor PAN Card – Process to Apply PAN Card for a Child

 

What is a minor PAN card?

People under the age of 18 are granted the minor PAN card. Financial transactions, bank account establishment, and investing under the minor's name are its primary uses. Since minors are not allowed to sign documents, the PAN card is issued without a photo or signature. A person's minor PAN card needs to be changed to a major PAN card after they turn 18.

In the following situations, minors are required to hold a PAN card:

• in cases where parents want to designate their minor kid as a nominee for their stocks, assets, or other financial instruments.

• when parents spend money on the child's name.

• when a child's bank account or Sukanya Samriddhi Yojana account needs to be opened for a minor girl.

• Any income a minor has from investments or other sources is combined with their parent's income and is not subject to taxes. 
  
  

However, minors require a PAN card, and it is taxable in the following situations:

• when they have physical disabilities, such as blindness.

• when they have independently earned money.

• when they are compensated for their aptitude, expertise, and abilities.

Procedure to Apply for a Minor PAN Card

Minors are not permitted to apply for a PAN card on their own. Therefore, the minor PAN card must be applied for by the representative assessee, parents, or guardians. They can apply offline or online for a minor PAN card.

Online Procedure to Apply for a Minor PAN Card

Step 1: Go to the NSDL's official website.

 
Step 2: Choose "Individual" as the category and "New PAN—Indian Citizen (Form 49A)" as the application type.

Step 3: Next, decide whether a physical PAN card is needed and how to submit the necessary paperwork to the Income Tax PAN Services Unit in Pune.

Step 4: Enter the minor's personal information, the parent's information, the parent's address and phone number, the AO code (which is optional), and the parent or guardian's signature.

 
Step 5: Upload the minor's photo and the necessary files.

 
Step 6: Click the "Submit" button after paying the cost with a debit card, credit card, demand draft, or net banking.

Step 7: An acknowledgement number that may be used to monitor the application's progress will be provided.

Within 15 to 20 working days of the application being successfully verified, the PAN card will be delivered to the specified address.

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