CBDT prescribes the procedure, classes of persons, forms and format for Permanent Account Number

Feb 14, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Central Board of Direct Taxes (CBDT) on February 07, 2020, prescribes the procedure, classes of persons, forms and format for Permanent Account Number (PAN).

1.Classes of persons to which Common Application Form (CAF) will apply: New Foreign Portfolio Investors (FPIs)

2.Application Form: Common Application Form (CAF) for FPIs.

3.Procedure: Application for allotment of PAN will be uploaded in CAF as specified by the Ministry of Finance, Department of Economic Affairs (SEBI). After due examination and generation of FPI Registration certificate, SEBI will forward data in form 49AA to prescribed Income Tax Authority through the signature of Authorised Signatories of its Designated Depository Participants (DDPs).

4.Format: Extensible Markup Language (Xml).

[Notification No. 11 of 2020]


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