PAN
This query is : Resolved
Quick Summary
21 June 2020
My daughter is 9 years old. May i apply PAN for my daughter. My daughter has a ADDHAR NO.
May i purchase a car ( Loan taken from Bank) in the of my daughter.
May i purchase a car ( Loan taken from Bank) in the of my daughter.
Punit Gupta
(Expert)
21 June 2020
Holding a valid Adhar is good enough for your daughter to apply for a PAN in her name, that will be issued under your Guardianship as a Representative Assessee. Once she attains majority i.e. 18 years of age, she can get the same PAN mapped in her name individually.
Purchasing a car and registering the same with concerned RTO of the area requires the purchaser of the car to hold a valid driving licence at the time of registration.
Since your daughter is 9 years old only, she wont be able to get the car registered in her name, until she becomes eligible to hold a Driving Licence.
Purchasing a car and registering the same with concerned RTO of the area requires the purchaser of the car to hold a valid driving licence at the time of registration.
Since your daughter is 9 years old only, she wont be able to get the car registered in her name, until she becomes eligible to hold a Driving Licence.
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Soumitra Basu
(Expert)
22 June 2020
i agree with the view
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