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Overseas Citizens of India can have a PAN card in India. It is used in various ways, like filing ITRs, if an OCI cardholder is getting income from India, if it has a business, holding shares, or have any investments. To get a PAN card for an OCI cardholder, they need to submit some valid documents like a passport, an OCI card, and address proof.
Yes, OCI cardholders need to have a PAN card if they have any income earned from India, investments, securities deposits, mutual funds, any residential or commercial property, shares, or business in India.
OCI needs to have a PAN card for smoothly running their business or investments and to file an ITR. It is an important document that an OCI card should get it helps in smooth investing, banking, and financial transactions.
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OCI can have a PAN card in India. Here is a simple application for the PAN application for NRIs. They need to fill out the application form 49AA, then need to fill in all the personal information and upload all the correct documents for the PAN card application. After paying the fees for the PAN card application, you would get the acknowledgment number, which you can use to track your PAN card application.