Now Reading: 4 new PAN forms under Income Tax Act 2025 from April 1
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4 new PAN forms under Income Tax Act 2025 from April 1
The Story in Brief
The Income-tax Act, 2025, effective from April 1, 2026, has replaced the earlier PAN application Forms 49A and 49AA with four category-specific forms: 93, 94, 95 and 96. Form 93 is for Indian citizens who are individuals, Form 94 for Indian companies and entities incorporated in India, Form 95 for individuals who are not Indian citizens, and Form 96 for entities incorporated outside India.
Applications can be submitted online through Protean eGov or UTIITSL portals, or at their PAN centres. Domestic companies and LLPs may also apply via the Ministry of Corporate Affairs' Common Application Form, while foreign portfolio investors can use SEBI's facility. The fee for a physical PAN card dispatched to an Indian address is Rs 107, and to an address outside India is Rs 1,017. For an e-PAN, the fee is Rs 72 at facilitation centres or Rs 66 for paperless online applications.
Applicants must provide proof of identity, address, and date of birth or incorporation as applicable. Applications can be tracked using the acknowledgement number on the designated portal.
Indian Opinion Analysis
The new forms consolidate PAN applications into four clear categories based on citizenship and entity type, replacing the two-form system under the 1961 Act. The lower fee for paperless e-PAN applications (Rs 66) creates a financial incentive for digital uptake. The article does not address whether existing PAN holders need to reapply or if the changes affect PAN card renewals or corrections. Applicants must check which form applies to them before applying, as using the wrong form could delay processing.
Source: livemint.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
