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2-month-old has PAN card
July, 16th 2007

Sameer Thacker is a PAN card holder, though it will be many years before the two month-old bothers with filing I-T returns. Krishhney is Indias youngest PAN card holder, a title which before him was held by two month-and-a-weekold Panrika Sahu of Indore and three-month-old Ayush Ranjan Rout of Rourkela.

His father, Sameer Thacker, had applied to the department for a PAN card for Krishhey on March 14 and was issued one on March 26, 56 days after his birth. I wanted to make some investment in my sons name, so I applied for his PAN card fulfilling all requirements. On March 26, I received my sons PAN card, Sameer said. For Krishhney, the fortunes are already piling up.

I have already made an investment of Rs 1.5 lakh in mutual funds and shares in my sons name. I also intend to make him a partner in my firm, Sameer said. The PAN card has also created a special bond between two generations of the Thacker family. Chandrakant, the grandfather of Krishhney, too had got a PAN card in the name of his son Sameer, when he was all of 13.

I got a PAN card issued in my sons name soon after it was first introduced in the country in 1984-85. I wanted him to own capital by the time he became an adult and also be tax compliant, Chandrakant said. For Krishhneys dentist mother Krupa Thacker, the PAN card would make her son a legal owner of all the capital invested in his name. Our life seems so uncertain due to unforseen circumstances.

We wanted to ensure our child would not have to depend on others for his well being. With a PAN card in his name, our son can possess wealth legally, Krupa said. A tax official of the Mumbai circle said,Krishhney could possibly be the youngest PAN cardholder in the country as per our records. He was issued with the PAN card on March 26.

 
 
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