PAN for NRI's and Foreigners ?

Jump to Page:
< Previous [ 1 ] Next >

bison
Member since: Nov 04

Posts: 306
Location: Toronto, da BEST!!!
Post ID: #PID

Posted on: 02-04-08 10:49:01

Apologies in advance for very generic questions... Please pardon my ignorance...

Couple of questions that come to mind :

Why would we need PAN # :
a) For OCI's
b) For Canadian citizens

What are the tax implications?

Would OCI's need a PAN # if they want to buy property or stocks in India?

Can OCI's buy Indian stocks from Indian exchanges?

bison

desi in ottawa
Member since: May 04

Posts: 1627
Location:
Post ID: #PID

Posted on: 02-04-08 11:00:06

OCI's and Canadian citizens can have PAN cards. Its like an photo ID card since OCIs cant vote. Good to have a PAN card for anything.
Buying property, sometimes they MAY ask for a PAN card. Depends entirely on the concerned official.

viggy
Member since: Aug 07

Posts: 569
Location:
Post ID: #PID

Posted on: 02-04-08 12:56:07

PAN card is required for pretty much everything in India these days - opening bank a/c, share trading, properties etc. There is an affidivate which can be given in lieu of PAN - if u don't have one for valid reasons. OCI's can open trading a/c etc.

Foreigners without PIO or OCI cannot buy shares. Only reason I can think of they needing one is if they are in Import/Export business or is if employed in India - income tax purposes.

Jump to Page: < Previous [ 1 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: PAN for NRI's and Foreigners ?
	Topic	Forum	Views	Replies
	Information on PIO Card Scheme	Ask Immigration Expert	2073	2
	Sticky: Old Doordarshan Serials ! Your Pick ? ( 1 2 3 ... Last )	Filmi Gupshup	195267	193
	Understanding Canadian Tax	Accounting and Taxation	2159	1
	Being Vegetarian ( 1 2 3 ... Last )	General	29411	157
	Top Eight Reasons NOT to immigrate to Canada ** ( 1 2 3 ... Last )	Jobs	65188	324
	Top Eight Reasons NOT to immigrate to Canada ( 1 2 3 4 )	Moving Soon	9179	27
	pros and cons of dual citizenship with India ( 1 2 3 )	Life	7169	15
	Interesting Article About Canada	General	2226	1
	How to get PAN (Permanent A/c #) from Indian Income Tax Dept.	Our Native Country!	2165	4
	OCI Vs. PIO card ( 1 2 )	Citizenship	6047	11
	Sticky: All Home Hunters Unite! ( 1 2 3 ... Last )	Real Estate & Mortgages	68060	201
	Message	Life	1962	0
	Investpro's finance/economy newspicks ( 1 2 3 ... Last )	News and Events	24287	101
	Lease agreement- Problem at the end of lease ( 1 2 3 )	Real Estate & Mortgages	9168	20
	Canadian Citizen right to buy property in India ( 1 2 3 )	Our Native Country!	18447	18
	Dark Side of Dubai !	General	3623	4
	NRIs treated as Not Required Indians!	Our Native Country!	2185	1
	The Best Answers to Tough Interview Questions ( 1 2 3 4 )	Jobs	10415	24
	Interested in penny stocks? Here's a warning!	Business	1949	0
	Retire in India ( 1 2 3 4 )	Financial Planning	12829	27
	TN Visa to Green Card ( 1 2 3 4 5 )	USA	9480	31
	What to do with RRSP? Need advice ( 1 2 3 ... Last )	Financial Planning	19667	44
	About India Income tax	General	1034	1
	WHODATHUNKIT ( 1 2 3 )	General	9146	17
	RRSP withdrawal if moving back to India.	Financial Planning	3038	3

Charcha

PAN for NRI's and Foreigners ?

Discussions similar to: PAN for NRI's and Foreigners ?