What is the full form of PAN?
PAN: Permanent Account Number
PAN related questions: PAN Full Form, What is the full form of PAN, What does PAN No. stand for, What is the meaning of PAN, PAN full Form in English.
PAN stands for “Permanent Account Number”. The card is containing the unique ten-digit alphanumeric combination issued by the income tax department of India.
The card is issued by the income tax department of India, under the section of the 139A of the Indian income tax Act 1961.
Format of a Pan Card
The ten digits will be in the following format
The first five characters are letters, the next four are numerals and the last character is also the letter.
The fourth character specifies the holder of the card. Each holder is uniquely defined as below:
- A – Association of Persons (AOP)
- B – Body of Individuals (BOI)
- C – Company
- F – Firm
- G – Government
- H – HUF (Hindu Undivided Family)
- L – Local Authority
- J – Artificial Judicial Person
- P – Individual
- T – AOP (Trust)
The fifth character shows on the PAN card is the first character of the surname or last name of the person in the case of a “Personal” PAN card, where the fourth character is “P” or of the name of the Entity, Trust, society, or organization in the case of Company/ HUF/ Firm/ AOP/ BOI/ Local Authority/ Artificial Judicial Person/ Government, where the fourth character is “C”,”H”,”F”,”A”,”T”,”B”,”L”,”J”,”G”.
PAN – Overview
|Name Of Authority issuing PAN||Income Tax Department, Govt. of India|
|PAN Customer Care Number||020 – 27218080|
|Inception of PAN Card||1972|
|Validity Of PAN Card||Life Time|
|Cost of PAN Card||Rs. 110|
|Number Of Enrolments||25 crore (approximate)|
Eligibility for PAN Card
The PAN card is issued to the individual, companies, non-residents Indians or anyone who pays taxes in India
Types of PAN
- HUF-Hindu undivided family
Documents required for PAN Card
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
|Individual Applicant||POI/ POA- Aadhaar, Passport, Voter ID, Driving Licence|
|Hindu Undivided Family||An affidavit of the HUF issued by the head of HUF along with POI/POA details|
|Company registered in India||Certificate of Registration issued by Registrar of Companies|
|Firms/ Partnership (LLP)||Certificate of Registration issued by the Registrar of Firms/ Limited Liability Partnerships and Partnership Deed.|
|Trust||Copy of Trust Deed or a copy of the Certificate of Registration Number issued by a Charity Commissioner.|
|Society||Certificate of Registration Number from Registrar of Co-operative Society or Charity Commissioner|
Why do you need PAN No.?
PAN is a unique identification number that enables each tax-paying entity of India with the following:
- Proof of Identity
- Proof of Address
- Mandatory for Filing Taxes
- Registration of Business
- Financial transactions
- Eligibility to open and operate Bank Accounts
- Phone Connection
- Gas Connection
- Mutual Fund – PAN is beneficial to complete e-KYC for mutual fund investments.
How to Enroll for PAN
Whether Online or Offline, you can enroll for PAN in 3 simple steps
- You are required Visit the official PAN website that is NSDL/UTIITSL website
- Fill the form with details
- Submit the requiring documents
- Pay the processing fees
- PAN will be dispatched within 15 days of the request generated.
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