The full form of PAN is the Permanent Account Number. It is the number available on the PAN card that holds the taxation identity of you and your business. Moreover, there are several agencies that now mandate the issuing of PAN before running a business. The most important documents are now not complete without a PAN card. Additionally, the PAN is an alphanumeric sequence of numbers. Everyone has a different and unique PAN. An example of the format of PAN is ABCDE1234Z. The first five are the English alphabets, followed by the four numerical digits and ending with a letter again.
PAN means Permanent Account Number. This card holds the taxation identity of you and your business. The most important documents are now not complete without a PAN card. It comes under the department of Income-tax to provide you with sufficient PAN. You just need to apply for it and pay the fees.
Furthermore, the government of India maintains the record of PAN. It comes under the department of Income-tax to provide you with sufficient PAN. You can apply for the PAN from the official website of the PAN card. You will get the acknowledgment number after the successful submission of the form. Moreover, the PAN will reach your home within 5-7 working days. There are small fees that cover the transportation of the Speed post. The same website will help you with a lost PAN card. Moreover, you just need to apply for it and pay the fees. You can also get a digital copy of the PAN from the same website.
it is a new well-developed factor of digitalization and we can say that it is successful at the present time.
You can apply for a pan card and it will arrive at your given address by the authorities or you can download also it from the official website. You can find your own details by the visit official website. the website is https://www.incometaxindiaefiling.gov.in/home.
Having PAN is very important as it enables Proof of Identity, Mandatory for Filing Taxes, Registration of Business, Gas Connection, Phone Connection, Mutual Fund, Financial transactions, Eligibility to open and operate Bank Accounts, to complete e-KYC for mutual fund investments. PAN is governed under the Indian Income Tax Act, 1961.
Can I open a bank account without a PAN?
Yes. PAN is not compulsory for opening a bank account. You can open a bank account using an Aadhaar Card but having an Aadhaar card is very necessary.
You can get PAN online through the portal of NSDL or UTITSL.
| Term | Full Form |
| PAN | Permanent Account Number |
FAQ’s
It is the number available on the PAN card that holds the taxation identity of you and your business. Moreover, there are several agencies that now mandates the issuing of PAN before running a business. The most important documents are now not complete without a PAN card.
PAN is short form of Permanent Account Number.
Permanent Account Number is full form of PAN.
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