Form 49AA & 49A for PAN Application of Indian / Foreign Citizens

PAN APPLICATION BY FOREIGN CITIZENS IN FORM 49AA 
Income Tax Department has released a New PAN application Form No. 49AA for Individuals not being a citizen of India, LLP registered outside India, Company registered outside India, Firm formed or registered outside India, Association of persons(Trusts) formed outside India, Association of persons (other than Trusts) or body of individuals or local authority or artificial juridical person formed or any other entity (by whatever name called) registered outside India.
PAN APPLICATION BY INDIAN CITIZENS IN FORM 49A
PAN applications are required to be furnished in the new forms prescribed by ITD. Indian citizens will have to submit their ‘Application for allotment of new PAN’ in revised Form 49A only.