PAN or Permanent Account Number is a unique 10-digit alphanumeric code issued to each and every entity carrying out financial transactions in India. Be it an individual or an organisation, PAN is mandatory for all tax-paying entities. One can apply for a PAN through NSDL website or UTIITSL portal for PAN. PAN hardcopy is can…
In good news for those who had not been able to link their PAN card with Aadhaar, the Central Board of Direct Taxes (CBDT), working under the Central Government has yet again extended the deadline. Taxpayers have now got time till 30th September 2019 to link their PAN cards with Aadhaar. Earlier, the deadline was…
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…
