The Permanent Account Number (PAN) card, issued by the Income Tax Department of India, is a unique 10-character alphanumeric identifier. It is a crucial document for financial transactions, particularly tax-related activities. PAN cards are indispensable for filing income tax returns, opening bank accounts, investing in securities, purchasing property, and carrying out a range of financial dealings in India.

A PAN number is constant for the holder’s lifetime, unaffected by changes in address or other personal details.

Why Do You Need A PAN Card?

In addition to various functions, the PAN card is mainly utilized for filing income tax returns and making tax payments. It aids the government in monitoring financial transactions and verifying that both individuals and organizations pay the appropriate taxes.

Who Can Apply For PAN?

All existing assessees, taxpayers, or individuals required to file an income tax return, even on behalf of others, must possess a PAN. Additionally, any person who wishes to engage in economic or financial transactions where quoting a PAN is obligatory must also obtain one.

Steps To Apply PAN Online;

• Visit:https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html
• Click here to select the type of PAN application. -New PAN- Indian Citize -New PAN- Foreign Citizen
• Fill the appropriate online form and select payment mode to complete the form submission.
• On successful submission of online application and payment (for online mode of payment), an Acknowledgement receipt is generated.
• Save and take a print out of the acknowledgement receipt.
• Duly sign in the space provided, affix recent colour photographs and submit the PAN application with supporting documents as under:

1. Visit any of the designated centre and submit the said documents. (Check centre list at the above-given website)

OR;

2. Forward the said documents to

INCOME TAX PAN SERVICES UNIT

(Managed by Protean e-Governance Infrastructure Limited)

5th Floor, Mantri Sterling, Plot No. 341,

Survey No. 997/8, Model Colony,

Near Deep Bungalow Chowk,

Pune – 411016

The 15-digit acknowledgement no. appearing on the acknowledgement receipt can be used for tracking the status of the application.

Apart from other roles, PAN is primarily used for filing income tax returns and paying taxes. (Representative image) © Copyright (C) TheNewsmail.com. All Rights Reserved.