10 June, 2025 at 3:30 pm
A Permanent Account Number (PAN) is a unique 10-digit alphanumeric identifier, similar to ABCDE1234F. It is issued by the Income Tax Department of India to facilitate tax collection and various financial transactions.
<p><span>According to the government of India, every Indian citizen who earns in India should have a PAN card, whether it is an individual or a business person. Every individual needs a PAN card to file Income Tax returns, to get TCS and TDS credit, and to manage financial transactions. A PAN card helps individuals in a smooth and secure transaction, with a secure tracking system that helps the Income Tax department track the finances of an individual or business person.</span></p> <p> </p>
<p><span>A PAN permanent Account Number is an identification and financial document which is used for various purposes like filing ITRs, making payments, financial transactions, to getting loans. I have also applied for a PAN card through the UTIITSL website and got my PAN card easily without any rejections or delays. This document helps me manage my business finances and for identification purposes. </span></p> <p> </p>
Everybody cleared the confusion about what a PAN card is, who issues it, and what its use is. I will tell you what the alphabets on your PAN card mean. Okay, so the first three characters are nothing but random alphabets. The fourth character identifies the status of the PAN cardholder, so if it's written P, then it stands for individuals like me, F stands for a Firm, A stands for AOP, C stands for a Company, H stands for HUF, and T stands for trust. The fifth character is the first letter of the PAN holder's last name. The next four characters are unique sequential numbers starting from 0001 to 9999. The last character is an alphabetic check digit.
That is a very easy question. A PAN or Permanent Account Number is a vital document that has ten unique alphanumeric characters. It acts as an important identity proof and is also issued to foreign nationals. A PAN card is also important for filing income tax returns. It is linked under the section on 139A of the Income Tax Act by the Income Tax Department under the supervision of the Central Board for Direct Taxes (CBDT).
The PAN card has a 10-alphanumeric identifier, issued in the form of a laminated card. The first three characters of the PAN card identifier are alphabets, the fourth character represents the status of the PAN cardholder, the fifth character represents the first character of the PAN holder's surname, the next four characters are numbers running from 0001 to 9999, and the last character is an alphabetic check digit.
Any person who files their income tax returns needs to have a PAN card. The Income Tax Department records every tax-related transaction and information of a person through his/her unique Permanent Account Number. A PAN number would typically look something like AHISH4567F.
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