Category: Pan Card

The Income Tax Department has changed the design of the PAN card. It has made a few additions to it to make it more user-friendly and secure. The IT Department has started providing new PAN cards post July 7, 2018. It is worth noting that PAN cards issued prior to the aforementioned date will also…

PAN (Permanent Account Number) is a unique 10-character code assigned to each entity carrying out financial activities in India. It also acts as a valid proof of identity for various purposes such as all financial transactions above ₹ 50,000, mutual fund investments, buying properties and other such activities. Are there incorrect details in your PAN…

Permanent Account Number commonly called as PAN is one of the India’s official documents of identity proof which is used by all the income-earning individuals or non-individuals. Also, it can be further accessed by the students who are above 18 years of age. Government of India has made it mandatory for all the individuals to…

It is a common misconception among people that Permanent Account Number (PAN) is applicable only for individuals above 18 years of age. However, the Income Tax Department has not mentioned an age limit for availing a PAN card, which means that even minors are eligible to apply for it. If you think your child does…

Government of India has now made mandatory to possess PAN card for every income earning individual and non-individual entities. It consists of 10-digit alphanumeric code which is unique to the holder of the card. To keep an eye over the financial transactions Income Tax Department of India has allowed domestic as well as foreign investors…

PAN (Permanent Account Number) is a unique 10 digit alphanumeric code assigned to all taxpaying entities in India. It is also issued to foreign nationals who are entitled to pay taxes to the Indian Government. The government has now made it mandatory for people to link their PAN with bank accounts to do transactions through...

PAN card is a government-issued photo ID proof meant for identifying various tax paying entities of India. PAN stands for Permanent Account Number, which is a computer-generated unique identification number against which all tax-related information associated with a particular person is recorded. No two people can have the same PAN, and this number remains valid...

PAN (Permanent Account Number) is a 10-digit alphanumeric identity allotted by the Income Tax Department to all judicial entities identifiable under the Income Tax Act, 1961. It is unique to each individual and can be used by them as a proof of identity. As per the law, one assessee is allowed to possess only one...

A common misconception surrounding PAN card is that it is required only by those who earn through a job or business. However, it is required by every individual at some point in their life even if they are not earning. Other than being used for filing income tax returns, PAN has several other important uses,...

The central government has deactivated around 11.44 lakh fake PAN cards by 27 Jul, 2017, according to reports. As per the rules, no person or an entity can have two PAN (Permanent Account Number) cards. The list of deactivated PAN cards also contains those PAN cards that were allotted to non-existent individuals or entities. The...