What is Minor Pan Card?
If any person has age of less than 18, he can apply for pan card which can be called a
minor PAN card .
Who can Apply?
Minor cannot apply for PAN card himself. Parents or guardian or representative assessee of minor can apply for pan card.
Which form can be used for pan card for minor?
There is no separate form for application of pan card of minor. You can use form 49A for application of PAN card for minor.
Additional details in PAN card application:
Additional detail you have to file is details of representative assessee of minor.
Representative assessee as per income tax act:
Any assessee can become representative assessee. Proof of identity
and proof of address of representative assessee is required. You have to
enter full name and address of representative assessee. In signature
box, guardian or parents has to sign the application. Otherwise his
authorized representative can sign application.
Document required for application:
Documents for proof of full name, address and date of birth should be
required for pan card application of minor. Read an earlier post that
details about documents required for a PAN Card.
Documents required for name proof and address proof
You may not have address proof for minor. But you can use your
address proof to apply the card. Name and address proof of one of the
parents of minor is valid for proof of identity and address proof of
minor.
Documents valid for identity proof:
Photocopy of aadhar card, ration card, bank certificate, driving license, passport, election card.
Documents required for address proof:
Aadhar card, ration card with photo, passport, election card,
electricity bill, telephone bill, property registration documents,
domicile certificate, bank account certificate, water bill, gas bill.
Date of birth proof:
Birth certificate issued by municipality authority or registrar of date of birth of minor.
Two photograph of minor are required for application.
Fees:
If communication address is in India, fees will be Rs. 105.
If communication address is outside India, fees will be Rs. 971.
Application manner:
You can apply online on tin-NSDL site or fill the form and submit to nearest TIN – Centre.
Receipt of minor PAN Card:
PAN card will be issued within 15 to 20 days from the date of
application. You can check application status online on NSDL site by
entering acknowledgement number. You can get PAN card at home from
courier or speed post at the address mentioned in the application.
In pan card, there is no photograph of minor appeared and signature
of parent appeared on PAN card. Minor can apply for correction after
attaining age 18.
Taxability of income of Minor:
Generally income of minor is clubbed with parent having higher income
but in some special cases, income of minor should be taxable in his
hand. If marriage of parents is not subsisting, the income of minor
shall be clubbed with the parent who is taking care of the minor.
Following incomes are taxable in the hand of minor and minor has to file tax return for it through representative assessee.
- Income of minor child who has disability u/s 80U.
- Income arisen to the minor child due to some manual work or special skill, knowledge or talent.
Benefits of PAN card of minor:
Following are some benefits of minor pan card:
- Due to changes of rules and proof requirements for the application of pan card, it is better to apply early.
- Now many banks are giving facility to open bank account on minor’s
name. You can easily open bank account with pan card of minor. Otherwise
minor can added to your account as beneficiary.
- Pan card is proof of identity and it can be helpful to proof nationality and connection with parents with child.
- You can file tax return with minor pan card.
- To add minor as nominee, his pan card is required.
- To purchase investment on the name of minor, pan card of minor is required.
- It is proof of identity and can be used in foreign trip.
It is possible to open a PPF account for a minor; it has a lot of advantages which are detailed in an earlier post.
Correction in PAN card of minor:
So the question is solved that can a minor apply for pan card. Yes,
he can. But there is another question that what the procedure is when he
attains majority. When minor attains age 18, he can apply for
correction in pan card and give his photo and sign on pan card
application. New pan card with photo and signature will be issued.
Please note that you should use correction form for it. Correction can
be done online or offline.
Here, I have highlighted important points for application manner of
minor pan card and benefit of minor pan card. I hope it will help you to
get PAN card of your child.
