Permanent Account Number (PAN) is a unique identification number for corporate, families and individuals particularly for those who pay the Income Tax. It is an alphanumeric identifier with 10 characters issued to every entity recognizable by the Income Tax Act. The Indian Income Tax Department issues it under the observation of the Central Board of Direct Taxes. In India, a PAN card is a significant identity proof. Since a PAN card can also be issued to a foreign national like an investor, it does not stand as a proof of Indian citizenship. For most financial transactions such as opening a bank account, sale or purchase of assets, and receiving salary or professional fees, holding a PAN is very mandatory. It is unique and valid for the holder’s lifetime. PAN code remains unaffected by the change of the holder’s address.
Are you going to buy jewelry? Or do you have to pay your hotel bills exceeding Rs. 50,000? If yes, then make sure you are carrying your PAN card. Finance Ministry has... Read more »
Income Tax department of India has prescribed a set of documents that every individual and HUF have to submit while submitting request application for a new PAN card. Proof of address and... Read more »
PAN number is a key number for all the financial transaction related to income tax in India. The issuing authority i.e income tax department maintains a database to keep the personal details... Read more »
As per the circular issued by the Ministry Of Corporate Affairs (MCA), the last date for filing DIN 4 form by existing DIN holders has been extend upto February 29th 2012 for... Read more »
Pan Card is a unique 10 digit alphanumeric code issued by the Income tax department of India to every individual applies for it. Any individual can get this issued by fulfilling the... Read more »