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What is a pan number? |
What is a pan number? 'PAN' Number means Permanent Account Number which is issued to an applicant by the Department of Income Tax in INDIA. Hi, PAN stands for Permanent Account Number. It is provided by Government of india.It helps you while declaring your taxes and while doing financial transactions. You can apply for it online through the link provided in the reference material. https://tin.tin.nsdl.com/pan/index.html... Stands for "Permanent Account Number". A PAN number is alloted to you after you make an application to the Income Tax department for the same as to file your future taxes. The PAN number is also useful for other purposes like bank accounts and credit cards once its activated. You can get the application done through a CA also. Permanent Account Number (PAN) is a national identification number, issued to all taxpayers of India whose income is taxable. This number is issued by the Income Tax Office. This number is required for many activities such as opening an account, getting a phone line, receiving salary or professional fees. The primary purpose of PAN is to prevent tax evasion by keeping a track of monetary transactions. The PAN is unique, national, and permanent. It is unaffected by a change of address, even between states. This number can be considered to be similar to Social security number issued in United States to citizens and other legal residents. SOURCE WIKIPEDIA.ORG PAN is Panvati aapke Naam, the moment u have this u are in the goverment hitlist or u might get into govt hislist someday. |
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