Question

what is PAN ? how are they obtained?
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Answer 1

The PAN is a 10-digit alphanumeric number which is imprinted on a laminated plastic card known as the PAN Card. The PAN Card can be obtained simply by submitting a duly filled application form along with relevant documents. It can be obtained through both an online and offline facility through TIN facilitation centres

Answer 2

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What is PAN Card?

Jul 10, 2019 Alankit Team PAN Card

All taxpaying individuals and entities, Indians and non-resident Indians (NRIs), are allotted a unique identity number, known as the Permanent Account Number (PAN), by the Income Tax Department under the Income Tax Act, 1961. The PAN is a 10-digit alphanumeric number which is imprinted on a laminated plastic card known as the PAN Card. PAN card is an electronic system wherein all the tax related information of individuals & entities are recorded by the Income Tax Department, Govt. of India, under a single Permanent Account Number. No two taxpaying entities can have the same Permanent Account Number. A valid PAN Card serves as an important identity proof for any individual or entity which displays has all the vital details of the PAN holder. It is important to provide this identity proof when one is planning to engage in major financial transactions in India. Also, foreign passport holders and even minors can apply for a PAN card. The PAN Card can be obtained simply by submitting a duly filled application form along with relevant documents. It can be obtained through both an online and offline facility through TIN facilitation centres. Furthermore, the Income Tax Department shall levy a penalty upon taxpayers who do not hold a PAN card or if they hold multiple PAN.