What is Pan Card

One must be lest assured of the fact that in order to prove that you are the citizen of any country one has to prove it by producing certain documents. These documents are the ones that decide the authenticity of the identity that you pose to have. Different countries have different documents that are use to prove the identity for the country’s citizens. Just like the other countries of the world, India too has many cards that are to be used when one is needed to prove the identity of being an Indian. The documents used for the desired purpose are Voter Id cards, Ration Cards, Pan Cards, etc. According to many intellectual brains the Pan Card is more often than not considered to be the perfect document to prove one’s Indian Identity.

What is a Pan Card?

The full form of Pan Card is Permanent Account Number. The Permanent Account Number or better known as the Pan Number is a unique identification number that is given to every legitimate individual of the Republic of India. The Pan number is a completely unique number which is a mixture of numbers and alphabets in a completely distinct combination. The Pan Card is issued by the Income Tax Department of India. The Pan Card was introduced into the system of Indian Administration under the Indian Income Tax Act of 1961. It is a completely unique identification code for every individual which is not affected by the increasing age or change in the addresses irrespective of whether the change is inter – state change.

Why is the Pan Card Required?

The Pan Card is issued by the Income Tax Department of the Government of India. Thus, it is quite obvious that any and every financial interchange will require the use of Pan Card. The Pan Card is required for filing of Income Tax on the return of Income. From the year 2005, it is mandatory that the Pan Card Number of the Owner to be used in every bill that he or she issues. Apart from these, The Pan Card Number is also required in the events to buying or selling of properties that are worth a total of 5 lakhs or more in Indian National Currency, the Pan Card Number is also required for buying of Vehicles, transaction of Money amounting more than 50000 INR from any banking institution, etc.

What is the Importance of Pan Card?

The Pan Card is one of the most important identity documents that one can use when it is needed to prove one’s identity. The Pan Card is also extremely important because of the fact that it involved the direct authority of the Income Tax Department. Thus, when a Pan Card is issued under the name of a certain individual, the person’s financial activities comes under the direct scrutiny of the Income Tax Department of the Government of India. Thus one can be lest assured that the Pan Card is of prime importance and ought to be taken care of!

FAQs

  1. What is Pan Card used for?
    It is issued by the Income Tax department to track all the financial transaction done by a person. It is also act as a valid ID proof.
  2. What is Pan Card acknowledgement number?
    Acknowledgement Number is a number which you get once you apply for a pan card. You can use this number to know the status of your pan card or track it online.
  3. What is Pan Card number?
    Pan card number is an unique ten digit alphanumeric code such as ALGPC7076F. For complete information, read this article about Pan card number.
  4. What is Pan Card size?
    We have measured our pan card size and found that the dimestion is 9cmx6cm.
  5. What is Pan Card ao code?
    AO Code is a combination of Area Code, AO Type, Range Code and AO Number.
  6. What is Pan Card area code?
    It depends on your adress. You can check Pan card area code here.
    https://tin.tin.nsdl.com/pan/servlet/AOSearch
  7. What is a Company Pan Card?
    Pan card registered on your company name. It's not a personal Pan card.
  8. What is Pan Card coupon number?
    If you apply through UTI to get your Pan card, they provide you coupon number (acknowledgement number) which you can use to track the status of your pan card.
  9. What is duplicate Pan Card?
    If you have lost original pan card then you can apply online or offline to get duplicate pan card. Read this article to know how you can get duplicate copy of your pan card.
  10. What is document for Pan Card?
    Identity Proof, Address Proof, Date of Birth Proof and your photograph.
  11. Is Pan Card required for Passport?
    Yes, it is required but not mandatory. If you have other proof of identity you can use that.
  12. What is Pan Card for NRI?
    If you are non-resident Indian then also you can apply for Pan card in India. Visit this link to get all required details.
    https://tin.tin.nsdl.com/pan/form49AA.html
  13. What is Pan Card full form?
    Permanent Account Number
  14. What is Jurisdiction in Pan Card?
    To check Pan Card jurisdiction, visit this official website 
    https://incometaxindiaefiling.gov.in/e-Filing/Services/KnowYourJurisdiction.html
  15. What is Pan Card Intimation Letter?
    It is a letter which comes along with your Pan card for the first time after you apply.
  16. Is Pan Card mandatory for Opening Bank Account?
    Depending on the type of account you are willing to open in your bank, Pan card is must in most of the cases. Contact your nearest bank branch. Based on the news, Pan card will become mandatory from January 1, 2016 for opening account in any bank.
  17. What is the Procedure to Apply Pan Card online?
    You can apply pan card online easily. Click Here to read all the required information.
  18. Is Pan Card Required for Property Registration?
    For any purchase of Rs 50,000 and above, pan card is mandatory.
  19. Is Pan Card Required for Proprietorship Firm?
    Yes, Pan card in mandatory for opening Proprietorship company because all the registration like Service Tax Registration, VAT registration etc are done based on your Pan card number.
  20. Is Pan Card required for Housewife?
    Although it is not compulsory to have pan card for Housewife if she is not earning any income but having pan card will add an extra advantage as Pan card is excepted by many companies as a valid ID proof which can help you in many ways like while opening a bank account, getting a mobile sim etc
  21. Is Pan Card required for HRA Claim?
    If you are paying more than 1,00,000 per year as a house rent then Pan card of landlord is required to claim tax exemption and benefits.
  22. What is Validity of Pan Card?
    There is no expiry period of Pan Card. Pan card number is a unique number for everyone. You can not have two different pan card for same person.

   Pan Card Verification Whatsapp New Year Status in Hindi  

Related Tags

Pan Card
Button
Recent Article
.Com vs .Net - Difference Between .Com and .Net Domain Name
AC vs DC - Difference between AC and DC Electricity
College vs University - Difference Between College and University
Lust vs Love - Difference Between Love and Lust
DVD-R vs DVD+R - Difference Between DVD-R and DVD+R
Energy vs Power - Difference between Energy and Power
Baking Powder vs Baking Soda - Difference between Baking Powder and Baking Soda
Speed Vs Velocity - Difference Between Speed and velocity
Hardware vs Software - Difference between Hardware and Software
Dussehra Legends - Vijayadashami Festival