what should housewife should mention for source of income in PAN card ?

Discussion in 'Taxation Matters' started by getravi79, Jul 3, 2009.

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  1. getravi79

    getravi79 New Member

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    Hi, My wife wants to apply PAN card .She is not in job.she is housewife.So what do she mention for source of income while applying PAN card in form No 49A?.
     
  2. AW10

    AW10 Well-Known Member

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    what about mentioning Professional futures and options trader ?
    or Professional property investor ?

    I don't know if they really care and use this field somewhere.
    Once u get the PAN card, your source of income can still change anytime say from job to business to trading.
     
  3. fast_rizwaan

    fast_rizwaan Active Member

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    Your wife need not show any income. leave the 13(a) and 13(b) fields empty.
     
  4. magnet

    magnet Active Member

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    For applying pan card u dont need whether a person earns income or not.....

    While filing returns she needs to show earning...

    Also if she earns less tha 1 lakh 90 thousand per year its isnt compulsory to file return...but having a pan card has become must since.....if she earns only from bank interest than above 10k interest per year is subjected to TDS...to avoid TDS housewife needs to file form 15h or 15g...i dont know exact number...other is for senior citizen(above 65 years)....Till last year filling of that form was enough saying my income doesnt pass the basic limit of income tax even after receiving more than 10k interest per year from bank....From this year it has been made compulsory to quote pan number else..isnt of saving 10.3% of TDS..even after filling the form....20% TDS will be applied....
    So its better to get PAn card atleast

    Regarding source.....DOes an auto driver have any bills to suggest he earn from driving auto.....u can say small interiors...house hold food making selling achar....weaving/sewing etccan be said as source of income....Else u can always use gift law.....but mind it husband cant gift it to your wife....it has to be his brother(your brother in law)..or father in law....why they will gift her...i dont think i need to spoon feed try to use a bit brain..
    Family members can gift any amount to another family member any amount.....but for non relatives its 50k limit....
    Btw i m not a tax consultant.just read alot of tax related articles.but wanted to know..is it 50k for a single non relative or all together???
     
  5. magnet

    magnet Active Member

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    option trader..but wont that account bills?..if she doesnt trade from where can u verify the source of income??
     
    Last edited: Jul 19, 2009
  6. praveen taneja

    praveen taneja Well-Known Member

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    Bro no one will ask u or ur wife what is ur income or income source
    If she is doing job give address and if not leave that column empty and fill other details with a photograph and residential proof:thumb:
    Dont forget to deposit fee of 94Rs with them:lol:
     

  7. magnet

    magnet Active Member

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    its 63 or 67....i guess
     
  8. praveen taneja

    praveen taneja Well-Known Member

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    No bro I am 100000000000000% confirm its 94Rs bcoz its my business and apply 15-20Pan card per week:lol:
     
  9. FB2020

    FB2020 New Member

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    Hello Praveen,

    But line 13 in the form is required. You cannot leave it blank.
    For a housewife, I think we need to mention "no income" or "income from other sources" ??

    What do you think?
     
  10. gsn57iaf

    gsn57iaf Active Member

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    Dear it is not mandatory to fill if there is no source of income for PAN card. Even a student can get it made for him and they are having it. Let me tell you even a minor can have PAN card but it will not have his photograph. That portion will remain blank.
     
    FB2020 and Catch22 like this.
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