Why wait for 18 years? Get your child’s PAN card made for just Rs 107:

News India Live, Digital Desk: PAN Card… This is a document which we often associate with income tax and big financial transactions. Most of the people think that PAN card can be made only by those who are 18 years old and earning. But what if we tell you that you can make a PAN card for your 14 year old, 10 year old or even 5 year old child?

Yes, this is absolutely true. There is no minimum age limit for making PAN card in the Income Tax Act. You can apply for PAN card for your minor child whenever you want.

So why does a child need a PAN card?

Now the question arises that why does a child who does not earn need a PAN card? There are many big and important reasons for this:

1. Investment in child’s name: If you want to make a big investment in your child’s name for his/her future, like a fixed deposit (FD) of a huge amount in mutual fund, share market or bank, then it is mandatory for the child to have PAN card.
2. Bank Account: Many banks also require PAN card to open special bank accounts for minors, especially if the transaction limit exceeds a certain amount.
3. Nominee in property: If you want to make your child a nominee in any of your property, policy or account, then in many cases PAN card is asked.

Who will apply on behalf of the child?

It is very important to know that a minor child cannot apply for a PAN card on his own, because legally he cannot take his own decisions. in his place, his Parents or Legal Guardian Only I apply on his behalf. There is a photograph of the child on his PAN card, but the signature space is blank. When the child turns 18, he has to update the PAN card with his signature and new photograph.

Easy way to apply online sitting at home

Making a child’s PAN card has now become very easy. You can apply online from the website of NSDL or UTIITSL while sitting at home.

Step-by-Step Process:

1. First of all go to the official website of NSDL (TIN-NSDL).
2. ‘Application Type’ In ‘Form 49A’ Select (for Indian citizens).
3. ‘Category’ In ‘Individual’ Select.
4. Now fill all the information like child’s name, date of birth etc. carefully in the form.
5. Information about parents or guardian will also be filled in the form and their documents will also be uploaded.
6. Now upload the birth certificate of the child and proof of identity and address of the parents (like Aadhar Card).
7. Finally, almost 107 rupees Pay the application fee online.

After application submission and verification, PAN card will be sent to your home address within 15 to 20 days.