What is PAN ?

Application for a new PAN can be made through Internet. Requests for changes or corrections to your PAN card can also be made through Internet.

PAN is required when payment to hotels and restaurants against their bills for an amount exceeding twenty-five thousand rupees at any one time is made.

Payment in cash in connection with travel to any foreign country of an amount exceeding twenty-five thousand rupees at any one time also requires PAN.

PAN applications made online get a priority. Where the application is made on the internet and paid for by credit cards, PAN is issued sooner than physical applications.

Advantage of PAN includes deduction of fraudulent transactions, reduce tax evasion, transparency in transactions between buyer and seller.

UTIISL and NSDL would charge85 + service tax for issuing you the PAN card. This charge includes processing of your application and the cost of the PAN card.

Do NRIs need a PAN? Yes, the requirement is the same as that for resident Indians – if you are an NRI and enter into a transaction where quoting of the PAN is mandatory, you need a PAN. You also need a PAN for filing income tax returns in India.

The Permanent Account Number (PAN) card, issued by the Income tax Department, is one of the most important documents nowadays.

The card was issued in order to prevent tax evasion by individuals and entities as it links all financial transactions made by a particular individual or entity.

PAN card i.e. Permanent Account Number is provided by Income tax department to every income tax payer.

The primary objective of PAN is to use a universal identification key to track financial transactions that might have a taxable component to prevent tax evasion. It also serves as identity proof.

PAN, or permanent account number, is a unique 10-digit alphanumeric identity allotted to each taxpayer by the Income Tax Department under the supervision of the Central Board of Direct Taxes. It also serves as an identity proof.

The PAN number remains unaffected by change of address throughout India.

PAN card id used for identifying various taxpayers in the country India. it is unique number assigned to Indians mostly for those who pay tax.

A PAN (Permanent Account Number) card is a non-transferable identity card issued by the NSDL o behalf of the Government of India.

The card is required for all individuals who file tax returns or apply for a tax refund. An individual can also use his/her PAN card as a proof of identity and proof of age.

PAN is similar number SSN is that used in US. SSN is stand for Social Security Number. SSN is a unique nine-digit number issued to all citizens of the US whether they were permanent or temporary

You can apply for a PAN card online either via NSDL or UTITSL websites.

On the page linked in the previous step, you will see a form titled Online PAN application

when PAN card was not introduced, there was a GIR number assigned to every tax payers. The GIR number was allotted by the Assessing Officer to a tax payer and it also should include information of Assessing Officer.

All information listed here is firstly check against 49A form that you filled when you apply for PAN card. Since you might observe that address is not printed on PAN card this is due to changes in address with various frequencies of time. Also, for businesses, organizations

Permanent Account Number (PAN) is a code that acts as an identification for individuals, families and corporates (Indian and Foreign as well), especially those who pay Income Tax.

It is a unique, 10-character alpha-numeric identifier, issued to all judicial entities identifiable under the Indian Income Tax Act, 1961.

It is not possible to print all information on PAN card. So PAN card issued to directors, owners or partners of company on a individual basis.

PAN card is one of the mandatory KYC documents required for opening a new bank account.