PAN (Permanent Account Number)
Get professional advice from our experts for PAN
What is PAN Card?
1.) Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated tamper proof card, by the Income Tax Department of India.
2.) The Permanent Account Number (PAN) is unique to an individual or entity and it is valid across India.
3.) Permanent Account Number once allotted to an individual or entity is unaffected by a change of name, address within or across states in India or other factors.
Why do you need PAN?
PAN is a unique identification number that enables each tax paying entity of India with the following:
1.) Proof of Identity
2.) Proof of Address
3.) Mandatory for Filing
4.) Registration of Business
1.) Financial transactions
2.) Eligibility to open and operate Bank Accounts
3.) Phone Connection
4.) Gas Connection
How to Update/Edit PAN Details?
You can change/update the PAN details by filling PAN change application by attaching desired
documents for change.
Advantages of PAN card
Disadvantages of PAN card
- New/Updation PAN Application
Digital Signatures Fast Track Application
Documents for PAN
PAN requires two types of documents. Proof of address (POA) and Proof of Identity (POI). Any two of
the following documents should meet the criteria
- POI/ POA- Aadhaar, Passport, Voter ID, Driving Licence
Preparation of documents
Filing of PAN application
Submission to Income Tax Department
Payment of Pan Fees
Permanent Account Number (PAN) is a digit unique alphanumeric number issued by the Income Tax Department.
PAN information is available on the Income Tax Department's website i.e. https://www.incometax.gov.in/iec/foportal/ On the e-Filing website. You can also check your address by looking up your PAN number.
As per section 160 of the Income Tax Act, there is no minimum age requirement to avail a PAN card. All Indian and foreign citizens (including minors) and entities are eligible to apply for a PAN card.
It is one of the identity proofs. PAN is mandatory for financial transactions such as receiving taxable salary or professional fees, sale or purchase of assets above specified limits, buy property and
mutual funds etc.