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    Permanent account number (PAN) is unique Agency overview alphanumeric Formed 1961 combination issued to all Jurisdiction Indian Income Tax juristic entities Department identifiable under the Indian Income Tax Act Headquarters New Delhi 1961. It is almost equivalent to a national Republic of India identification number. This number is almost mandatory for financial transactions such as opening a bank account, receiving taxable salary or professional fees, sale or purchase of assets above specified limits.

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    PAN CARD

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    Permanent account number (PAN) is unique Agency overview alphanumeric Formed 1961 combination issued to all Jurisdiction Indian Income Tax juristic entities Department identifiable under the Indian Income Tax Act Headquarters New Delhi 1961. It is almost equivalent to a national Republic of India identification number. This number is almost mandatory for financial transactions such as opening a bank account, receiving taxable salary or professional fees, sale or purchase of assets above specified limits.

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    109 views4 pages

    Pan Card

    Uploaded by

    vipinkumarm
    Permanent account number (PAN) is unique Agency overview alphanumeric Formed 1961 combination issued to all Jurisdiction Indian Income Tax juristic entities Department identifiable under the Indian Income Tax Act Headquarters New Delhi 1961. It is almost equivalent to a national Republic of India identification number. This number is almost mandatory for financial transactions such as opening a bank account, receiving taxable salary or professional fees, sale or purchase of assets above specified limits.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 4

    Permanent account number - Wikipedia, the free e...

    http://en.wikipedia.org/wiki/Permanent_account_...

    Permanent account number


    From Wikipedia, the free encyclopedia

    Permanent Account Number Permanent Account Number (PAN) is unique Agency overview alphanumeric Formed 1961 combination issued to all Jurisdiction Indian Income Tax juristic entities Department identifiable under the Indian Income Tax Act Headquarters New Delhi 1961. It is issued by the Website Indian Income Tax www.incometaxindia.gov.in/PAN Department under the /Overview.asp auspices of the Central (http://www.incometaxindia.gov.in Board for Direct Taxes /PAN/Overview.asp) (CBDT) and is almost equivalent to a national Republic of India identification number. It also serves as an important ID proof.
    This number is almost mandatory for financial transactions such as opening a bank account, receiving taxable salary or professional fees, sale or purchase of assets above specified limits. The primary purpose of PAN is to bring a universal identification key factor for all financial transactions and indirectly prevent tax evasion by keeping a track of monetary transactions of high net worth individuals. The PAN is unique, national, and permanent. It is unaffected by a change of address, even between states.
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    This article is part of the series:

    Politics and Government of India


    Union Government Constitution of India

    Friday 14 January 2011 11:28 PM

    Permanent account number - Wikipedia, the free e...

    http://en.wikipedia.org/wiki/Permanent_account_...

    This number can be considered to be similar to Social security number issued in United States to citizens and other legal residents[citation needed ].

    Fundamental Rights Executive


    Prime President Minister Vice The President Cabinet

    Structure and validation


    PAN structure is as follows: AAAAA9999A: First five characters are letters, next 4 numerals, last character letter Each assesse is uniquely identified by the PAN If the PAN does not follow the above structure, then the PAN will be shown invalid The fourth character of the PAN must be one of the following, depending on the type of assesse: C Company P Person H HUF(Hindu Undivided Family) F Firm A Association of Persons (AOP) T AOP (Trust) B Body of Individuals (BOI) L Local Authority J Artificial Juridical Person G Govt The fifth character of the PAN is the first character (a) of the surname / last name of the person. In the case of Personal Pan card, where the fourth
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    Parliament
    Rajya Sabha The Chairman Lok Sabha The Speaker

    Judiciary Supreme Court of India Chief Justice of India High Courts District Courts

    Friday 14 January 2011 11:28 PM

    Permanent account number - Wikipedia, the free e...

    http://en.wikipedia.org/wiki/Permanent_account_...

    character is "P" or (b) of the name of the Entity/ Trust/ Society/ Organisation in the case of Company/ HUF/ Firm/ AOP/ BOI/ Local Authority/ Artificial Jurdical Person/ Govt, where the fourth character is "C","H","F","A","T","B","L","J","G". Nowadays, DOI (Date of Issue) of PAN Card is mentioned at the right (vertical) hand side of the photo on pan card.

    Other countries

    See also
    Fringe Benefits Tax (India) Indian Revenue Service Tax Deduction Account Number

    Politics Portal Government of India Portal

    External links
    Indian Income Tax Department Website (http://incometaxindia.gov.in/) Permanent account number (http://www.incometaxindia.gov.in/PAN/Overview.asp) overview from Income Tax India Retrieved from "http://en.wikipedia.org /wiki/Permanent_account_number" Categories: Taxation in India | Executive branch of the Indian government This page was last modified on 13 January 2011 at 21:09. Text is available under the Creative Commons AttributionShareAlike License; additional terms may apply. See Terms of Use for details. Wikipedia is a registered trademark of the Wikimedia
    3 of 4 Friday 14 January 2011 11:28 PM

    Permanent account number - Wikipedia, the free e...

    http://en.wikipedia.org/wiki/Permanent_account_...

    Foundation, Inc., a non-profit organization.

    4 of 4

    Friday 14 January 2011 11:28 PM

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