PAN CARD (PERMANANT ACCOUNT NUMBER)

    PAN CARD (PERMANENT ACCOUNT NUMBER) 

Permanent Account Number (PAN) .PAN Card consist 10 Digit Alphanumerical Characters.

It is under income tax Act,1961.

It is electronic framework which all assessments related data of individual organization is recorded against PAN Number.

All major financial transaction PAN Card is Required Following Transaction.

1) Opening Bank Account
2) Sale or purchase of Asset.

In 10 digit PAN Number , First Five digit Represent Alphabets, Next four digit are numbers , And last number is against alphabets.



 

Classification of PAN Card Number-:    

1) First three Characters-:

      
             Its normal Alphabetical series starting form the AAA to ZZZ 

2)Fourth Characters-:

       Its shows Status of pan card Holder.

These letter can stand for-

C = company.                            P =Person.                                  H=Hindu Individual Family.


F= Firm                                      T= Trust                                    A= Association of Person


B=Body of Individual                  L=local Authority               J=Artificial Juridical Person

G=Government                            E=LLP


3) Fifth Character-: 

It is represent the First Alphabets of PAN Holder Last Name/Surname 

e.g. Amit Kumar is the name here "K" is the first letter of Surname.


4) Sixth To Ninth Characters-:

   These four character are Sequentially number starting from 0001 to 9999.

5) Tenth Characters-:

    Its letter is Alphanumerical check digit which can be any alphabets.

                                    

                                        PAN Card also consist of-:

1) Name of cardholder
2) Father name of card holder
3) Date of Birth
4) Signature of Card Holder
5) Photographs of Cardholder.


                                                     BENEFITS-: 


1) Doing transaction of sale/purchase of Asset to any immovable property valued 5 lakhs and more.
2) Purchase of motor vehicle having more than two wheels. 
3) Open bank Account in Private And Nationalized Bank.
4) Its Required to Phone Connection.
5) Its required New Gas Connection.
6) PAN Card mostly required Two one time payment of bill amount exceeding Twenty Five     Thousand Rupees in any Hotel and Restaurant.
7) PAN Card may help Deduction of Fraudulent Transaction.


                                          DOCUMENTS REQUIRED-: 
1) Driving License
2) Passport
3) Photo Identity Card
4) Ration Card
5) Aadhar Card
6) Arm's License
7) Pensioner card
8) Central GOVT. Health Scheme Card

                      


                                              OTHER INFORMATION-: 

In India who acquire Taxable Income which incorporate remote nationals and cover charges.

                             

FORM-49A or FORM-49AA use to apply PAN Card.

1)  Every single existing asses or citizens or people who are required to outfit an arrival of pay, either  in the interest of self or others, must acquire PAN. 

2) Any individual, who expects to go into monetary or budgetary exchanges where citing PAN is required, should likewise acquire PAN.

3) Segment 160 of IT Act, 1961 gives that a non-inhabitant, minor, insane person, dolt, and court of wards and such different people might be spoken to through a Representative

4) One ought to apply for new PAN Card when the candidate has never applied for a Permanent Account Number (PAN) or doesn't have a PAN distributed to him.

5) One ought to apply for a copy PAN card when a Permanent Account Number (PAN) has been allocated to the candidate however he/she requires another copy PAN Card because of the accompanying explanation: 

Lost the PAN Card 

Harmed the PAN Card 

Needs to change from old to new carefully designed PAN card. 

 

6) The PAN card handling specialists to whom the application is submitted will guarantee conveyance of new PAN card at the location demonstrated by you in the application Form.

                      

                                 Purposes behind PAN Card Name Correction -: 

  1) Wrongly spelt name in PAN card.
   

  2) Skillet card surname change after marriage. 

  3) Name changed legitimately.

                     
                                  Documents Required for Name Change in PAN Card-:

1) Aadhar Card

2) Driving License

3) Voter ID
 

4) Passport

5) Spouse's passport in the event of PAN card surname change after marriage.

    
                        Following documents are accepted as proof of identity-: 

   

1) Photo ID Card
2) Driving License
3) Passport

4) Proportion Card having photo of the candidate.

5) ADHAAR Card issued by UIDAI.
6) Bank Certificate in original on letter head from the branch.


                           Documents accepted as proof of date of birth are as follows:

1) Birth Certificate.
2) Marriage Certificate issued by Registrar of Marriages
3) Matriculation Certificate
4) Domicile Certificate issued by the Government
5) Driving License
6) Passport
7) AADHAAR Card issued by UIDAI.



                            Documents required Duplicate PAN Card-: 

1) Copy of Pan (Damage/Lost).
2) Address Proof.
3) Identity Proof.