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Full form of PAN
- P = Permanent
- A = Account Account
- N = Number
what is PAN card
- PAN card is a unique number that is issued by the Income Tax Department to the person making the application.
- This unique number is called Permanent Account Number ie PAN Number.
- PAN numbers are issued to an individual or organization only once in life.
- It is a legal offense to have more than one PAN card.
who issues PAN cards?
- The PAN card is issued by the Income Tax Department on application.
Full form of PAN
- P = Permanent
- A = Account Account
- N = Number
what is PAN card
- PAN card is a unique number that is issued by the Income Tax Department to the person making the application.
- This unique number is called Permanent Account Number ie PAN Number.
- PAN numbers are issued to an individual or organization only once in life.
- It is a legal offense to have more than one PAN card.
who issues PAN cards?
- The PAN card is issued by the Income Tax Department on application.
What is the use of PAN card
- to open a bank account?
- For payment or deposit in the bank for an amount exceeding Rs.50,000.
- For the purchase or sale of motor vehicles other than two-wheelers.
- For issuing debit or credit cards.
- To open a Demat account.
- To take foreign exchange above Rs.50,000 for travel abroad.
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