Neutral impactEconomy
Applying for PAN? Know these 4 new forms under Income Tax Act 2025; check fees, documents and application process
Mint 1 hr ago·29 Oct 2026, 9:03 am
The Income Tax Act, 2025, introduces four new PAN application forms for those filing after April 1, 2026. These forms, 93 through 96, are designed to categorize applicants based on their citizenship and entity status, such as individuals, minors, or entities. This update aims to streamline the process by ensuring the correct form is used for the right applicant type.
For investors, this change is significant as it affects how individuals and entities can obtain a Permanent Account Number, a critical requirement for filing tax returns and conducting financial transactions. The new forms also specify the documents and fees required for each category, making the application process more transparent.
Investors should review the specific requirements for their situation to ensure compliance. Keeping up with these regulatory updates is essential to avoid delays in financial activities. Watch for further announcements from the tax authority regarding the implementation details of these new forms.
Excerpt from Mint
Applying for a PAN after April 1, 2026? The Income-tax Act, 2025, prescribes Forms 93, 94, 95, and 96 based on the applicant’s citizenship and entity status. Here is who should use each form, the documents required, the application fees, and how to apply online. If you are planning to apply for a Permanent Account…Read the original at Mint
Key takeaways
- Category: Economy.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
