Training Objective (What You Will Learn)

After completing this module, you will be able to:

• Understand new PAN rules effective April 2026
• Identify correct forms (Form 93 & 95)
• Apply PAN practically step-by-step
• Handle real client cases (Indian, NRI, Foreign)
• Avoid common errors & rejections
• Guide clients on PAN–Aadhaar linking compliance

 Important Updates

• New Forms Introduced:
  • Form 93 → Indian Citizens
  • Form 95 → Foreign Citizens
    (Old Forms 49A/49AA are now rejected)
• Aadhaar Mandatory:
  • PAN cannot be applied without Aadhaar (except limited cases)
• Critical Deadline:
  • 30 June 2026 → PAN-Aadhaar Linking Mandatory
• Processing Speed:
  • e-PAN: 24–48 hours
  • e-KYC: 3–5 days
• Penalty:
  • ₹10,000 for duplicate PAN

 Who Can Apply

Case 1: Indian Citizen

• Student, employee, business owner
• Minor (through guardian)

Case 2: NRI

• Indian citizen living abroad
• Income or investment in India

Case 3: Foreign Citizen

• Working in India
• Investing in Indian assets

Who Cannot Apply

• Already having PAN
• Fake documents
• Minor applying independently

Students must understand where PAN is required:

• Bank account opening
• Property transaction above ₹20 lakh
• FD or deposits above ₹10 lakh
• Mutual fund investment
• Income tax return filing

 

Situation	Action
New PAN	Lifetime valid
Change in details	Correction required
Lost PAN	Apply duplicate
Death	Inform department

Real-Life Impact Example

If PAN is not linked:

• TDS = 20% instead of normal rate
• Refund blocked
• ITR filing not allowed

 Important Deadlines (Exam-Oriented)

•  31 March 2026 → Old forms stopped
•  30 June 2026 → PAN-Aadhaar linking
•  30 Sept 2026 → Correction updates
•  31 Dec 2026 → PAN update review

 Step 1: Portal Selection

• Protean / UTIITSL / Income Tax Portal

Step 2: Form Selection (Very Important)

• Form 93 → Indian
• Form 95 → Foreign

 Step 3: Fill Details

• Name (exact Aadhaar match)
• DOB
• Gender
• Mobile & Email

 Step 4: Document Upload

Photo Rules

• JPEG | 10–50 KB
• White background

Signature Rules

• Black ink
• Within box

Step 5: Application Type

• New PAN
• Correction

Step 6: Payment

• UPI / Card / Net Banking

Step 7: Acknowledgment

• 15-digit number
• Track status

 

Document	Required
Aadhaar	Mandatory
Photo	Mandatory
Signature	Mandatory
Passport	Optional
Bank Statement	Not required

 

Requirement	Deadline	Result
PAN-Aadhaar Link	30 June 2026	PAN inactive
PAN in ITR	Filing date	Return defective
Duplicate PAN	Immediate surrender	₹10,000 penalty

Case 1

Client: NRI in Dubai
Use Form 93

Case 2

Client: Foreign investor
 Use Form 95

Case 3

Minor PAN
 Apply through guardian

 Name mismatch with Aadhaar

 Wrong form selection

 Invalid photo/signature

 Applying duplicate PAN

Q: Can minor apply PAN?

 Yes, through guardian

 

 

Q: Can one person have 2 PANs?

 No (Penalty ₹10,000)

Q: PAN without Aadhaar?

 Not allowed (after April 2026)

🎓 AIAT Institute – Practical Training Support

At AIAT Institute, you will get:

• Live PAN application practice
• Real client case studies
• GST + Income Tax practical training
• Job-oriented accounting training

🌐 Website: www.aiatindia.com
📞 Contact: 9604121000

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✅ Conclusion (Student Takeaway)

After this training, you should be able to:
✔ Apply PAN independently
✔ Handle client queries
✔ Avoid rejection errors
✔ Ensure compliance with latest rules