Here, we will take up three NRI queries on PAN and Aadhar
The first question is about the difference between NRI and OCI
Also, "do I need a PAN card if I have money in an Indian bank?"
The next question is whether the Aadhar card is necessary to buy property in India besides bank account operations for more than Rs 50,000
The third questions is from Lester Menzes who was formerly an Indian citizen and have a PAN card which still exists
I am a foreigner and have an OCI card. Should I update my nationality in PAN? Is yes, how can this be done?
The other question is whether one needs to provide foreign tax ID when filing ITR online in India
The definition od Non Resident Indian (NRI) encompasses all people of Indian origin who are residing overseas
There are two kinds of definition for NRIs. One is the income tax one where if one stays for more than 181 days outside India
A Non Resident Indian will typically be a person who has an Indian passport but has been residing overseas for his employment or has moved overseas
OCI is an overseas citizen of India. He or she is a person of Indian origin currently having a foreign passport
There are also various criteria such as parents and grandparents being of Indian origin, you could get an OCI card. You could also be married to a person of Indian origin
OCI card is a lifelong card and a visa to come to India, visit India and live here. This is a benefit that has been given to people of Indian origin
OCI cardholder can apply for a PAN card in India
At any point of time, be it your PAN card or in case you have an Aadhar card, you have to simply go online. Any kind of factual changes, you want to make can be done online
You can attach the relevant documents. You can visit the relevant website for PAN and do the needful there
Under various rules like FATCA, it has become necessary for you to document your tax ID of any other jurisdiction also with the tax authorities although you will be taxed only on your Indian income