PAN Card is Mandatory in India-Apply from Kuwait
Attn: Indian Residents in Kuwait,
Please be noted that PAN Number ( Income Tax Permanent Account Number) is mandatory in India to do Banking/Financial /Investment Transactions, Including Non-Resident Indians, from the year 2010.
Majority of Indians residing in Kuwait visits India with tight schedules, find it difficult to apply and receive the PAN while they are on vacation.
Our services definitely benefit them since :
**Simplified process which are handled by trained and experienced professionals
**PAN-is an Important identity proof , hence data should be accurate, even a silly error/non compliance may results rejection of application or other complications.
**Cost effective services - our fast service will definitely save your cost ,time and money.
**.We do not collect any fees , until successful filing of your Application to I.T.Department
Required Documents:you may scan and email to us:
1. Copy of Passport (First & last page only)
2. Colour Photograph (3.5 x 2.5 cm in good quality-same as used for Passport/Civil ID)
Note :If present Address in India is not the same as per your Passport, then attach any one of the following document containing Applicants Name.
v Ration card
v Electricity/Telephone Bill
v NRE /NRO Bank Statement /Credit Card/Depository –Statement.
v Property Tax Assessment order
v Voter Identity Card
v Driving License
3. To Receive PAN Card in Kuwait Address : Attach Copy of NRE Statement /Local Bank Statement Showing your Kuwait Address / Address Proof attested by Indian Embassy (please consult us for clarifications).
4. Delivery Time (3-4 weeks), after receipt of signed application,after two weeks you will receive PAN allotment letter in your e-mail.
5. Our Scope of work:Remit the Application fees, filling the application form, dispatch the same after obtaining your signature, clarify the queries, follow up with I.T Department until you receive your PAN.
6.Facility to track application status until you receive your PAN Card.
For details : Mail us with your Contact Mobile number in Kuwait.
Infomatrix Corporate Solutions Pvt.Ltd.
NRI Customer Service in Kuwait:
NEXT I T ,Beside Alghanim ,Off : Lulu Fahaheel
Kuwait
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Mobile :+965-9952 6879
Corporate Office :
Mother Theresa Building ,
Near Gold Souk, Vyttila,Kochi-S.India.
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PRESS RELEASE
No.402/92/2006-MC (04 of 2010)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
***
New Delhi dated 20th January 2010
A new provision relating to tax deduction at source (TDS) under the Income Tax Act 1961 will become applicable with effect from 1st April 2010. Tax at higher of the prescribed Rate or 20% will be deducted on all transactions liable to TDS, where the Permanent Account Number (PAN) of the deductee is not available.
The law will also apply to all non-residents in respect of payments / remittances liable to TDS.As per the new provisions, certificate for deduction at lower rate or no deduction shall not be given by the assessing officer under section 197, or declaration by deductee under section 197A for non-deduction of TDS on payments shall not be valid, unless the application bears PAN of the applicant / deductee.
All deductors are liable to deduct tax at the higher rate in all transactions not having PAN of the deductees on or after 1st April 2010. In order that there is no dispute regarding quoting / non-quoting of PAN or accuracy thereof, the law requires all deductees and dedutors to quote PAN of deductees in all correspondences, bills, vouchers and other documents sent to each other. All deductors are, therefore, advised to intimate their deductees to obtain and furnish their PAN so as to avoid TDS at a higher rate.
All deductees, including non-residents having transactions in India liable to TDS, are advised to obtain PAN by 31st March 2010 and communicate the same to their deductors before tax is actually deducted on transactions after that date.
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