Now, a PAN for NRIs doing business here
Non-residents with business transactions with Indian companies may soon be issued permanent account numbers, if the government decides to implement the recommendation of the working group on taxation of non-residents headed by Vijay Mathur.
Currently PAN is issued only to Indian assessees. According to the working group, issuing PAN cards to non-residents is necessary because of the large number of non-residents who are taxed in India. Therefore, non-residents doing business with India companies should be required to obtain PAN.
In the case of non-residents who do not have a physical presence in India, this requirement may be waived.
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