Permanent Account Number (PAN) is a ten-digit alphanumeric number, for eg. AAAAA0000A, issued in the form of a laminated card, by the Indian Income Tax Department, to any “person” who applies for it or to whom the department allows the number without an application.
Permanent Account Number (PAN) is a ten-digit alphanumeric number, for eg. AAAAA0000A, issued in the form of a laminated card, by the Indian Income Tax Department, to any “person” who applies for it or to whom the department allows the number without an application.
Procedure for PAN Application
1.Online application of PAN can be made on the NSDL website OR UTIITSL website.
2.Submit the PAN card application Form 49A available on the NSDL.
3.Payment of application fee can be made through credit/debit card, demand draft or net-banking.
4.Once the application and payment are accepted, the applicant is required to send the supporting documents through courier/post to NSDL.
5.Upon the receipt of documents, PAN application is processed by NSDL and PAN is issued
PAN enables the department to link all transactions of the “person” with the department. These transactions include tax payments, TDS/TCS credits, returns of income/wealth/gift, specified transactions, correspondence, and so on. PAN, thus, acts as an identifier for the “person” with the tax department..may get in touch with our compliance manager on 909-993-3788 or email info@carefortax.com for free consultation.