permanent account number pan is issued by the income tax authorities and is a mandatory requirement for financial transactions if investments are intended to be made in the name of minor children the pan card of the guardian is adequate however once the child attains the age of 18 he has to fulfil the pan requirements so an application for a pan card should be made when the child turns 18 to ensure that minor accounts and folios are converted to regular individual accounts before transactions are permitted in such accounts and folios it is mandatory to provide proof of panapplicationthe application for a new pan card can be filled online and can be downloaded at forman acknowledgement form with a 15digit code is generated on successful completion of online application this should be printed and affixed with the photograph and signature of applicantdocumentsthe documentary proof of address and identification will be required in the name of the applicant it should be sent along with the acknowledgement supporting documents and demand draft if used to the nsdl office in punepayment and trackingthe charge for a new pan is rs 94 payment can be made online or through demand draftthe status of the application can be tracked online by using the 15digit acknowledgement codepoints to note deadline the documents should be sent to the processing unit within 15 days of the completion of the online process subject matter the 15digit code with the words application for pan should be written on the envelope while sending to the dispatch centre tax acquiring a pan does not mean that income tax has to be paid a pan holder can be a nonassessee depending on his income or sourcesthe content on this page is courtesy centre for investment education and learning ciel