Permanent Account Number - PAN Card

The word PAN stands for permanent account number. This account number is the identification to the income tax department. Each PAN card has its unique number with the registration of details of PAN card holder. Tax department can easily identify any pan holder by its unique account number. PAN card issued by Income Tax Department of India under the Central Board of Direct Taxes (CBDT). PAN card is a life time card you have not any problem to renew your PAN card.

PAN card is generally issued for identify each financial transaction record. In every transaction over Rs. 25,000/- you have to submit your pan card for register your exact transaction record to the Income Tax Department so they can calculate and charge you the original tax amount for each year depends on your transaction. You have to show the source of the amount transact by the PAN card. By PAN card Income Tax Department can easily identify the Tax fraud made by the PAN card holder.

A PAN card is not only a financial transaction card it has many usage described below -

1.       PAN card is most essential for filling your income tax return.

2.        PAN card can use as your identification card like a voter identity card. U can use your PAN card as a substitute of your voter identity card in somewhere.

3.       PAN card is an essential for opening a bank account. Without PAN card you cannot open any kind of bank account.

4.       For any kind of foreign related works like VISA, Passport you have to essentially submit your PAN card.

5.       For receive your salary over Rs. 25,000/- PAN card is mandatory.

6.       Any sale or purchases of assets above the mentioned amount have to submit your PAN details.

7.       Expect of above mentioned works PAN card is also essential in many other places as registration for GAS service, Professional fees etc.

Except this entire now-a-days PAN is essential in any official works.

You can apply for your PAN card any there are few easy steps. First of all you have to fill up a form from any authorized agency or in online to NSDL. With this form you have to provide your ID proof, Address proof, Ration Card and two copy passport photos. And you have to pay Rs. 105/- by cheque or demand draft and post this to the NSDL office to –

Contact Detail of NSDL e-

Government Infrastructure limited, 5^th floor, mantra sterling, Plot n. 341, Survey no. 997/8

Model colony, Near Deep bungalow chowk, Pune – 411016.

There are many unregistered PAN agencies in the market who makes duplicate PAN card that has no value in the tax department. So this an make you fraud so be aware from any unregistered PAN agencies.