Rights, duties and obligations of PAN Holder

1. If PAN under new series has not been allotted:
   A person can quote his General Index Register Number (GIR No.) till the PAN under the new series is allotted to him.

   In case of opening a Bank Account in the name of a minor who does not have any taxable income, the Permanent Account Number under the new series or GIR No. of his father or mother or guardian may be quoted.

   Any person, who has not been allotted a Permanent Account Number or who does not have GIR No. and who makes payment in cash or otherwise than by crossed cheque drawn on a Bank or through a credit card issued by a Bank, is required to file a declaration in form No.60.

2. The following persons are not required to obtain a PAN:
   Persons, who have agricultural income and not any other taxable income. They should, however, file a declaration in Form No.61 in respect of transactions referred to at (3) to (10) above.
   • Non-residents.
   • Central Govt., State Govts. and Consular Officers in transactions in which they are the payers.
3. You must intimate your Assessing Officer about any change in:
   NAME on the basis of which the Permanent Account Number (PAN) was allotted
   ADDRESS
   NATURE OF THE BUSINESS
4. The Assessing Officer must be informed of the following:
   
   DEATH of a PAN holder
   DISCONTINUATION OF BUSINESS
   DISSOLUTION of a firm
   PARTITION of a Hindu Undivided Family (HUF)
   LIQUIDATION or WINDING UP of a company
   MERGER or AMALGAMATION or ACQUISITION etc. of companies.
5. A fresh Pan must be applied for in the following cases:
   PARTITION of a bigger Hindu Undivided Family (HUF) into one or more new Hindu Undivided Families (HUF's)
   Coming into being of a new HINDU UNDIVIDED FAMILY (HUF)
   CHANGE IN CONSTITUTION of a firm (entailing change of partners)
   SPLITTING UP or DEMERGER of an existing company into two or more companies
   WHEN YOU MOVE FROM ONE CITY OR STATE TO ANOTHER:- (You need not apply for a fresh PAN under the new series. You must, however, intimate your Assessing Officer for transfer of your PAN and other records to your new Assessing Officer.)