What is PAN Card, PAN Number, Uses and Benefits
What is PAN Card, PAN Number, Uses and Benefits What is PAN card? What is the use of a PAN card? Who is eligible for PAN card? What are the benefits of having PAN card? Why having a PAN card is so important? Such type of questions are frequently searched. Let us see about them. What is PAN Card, PAN Number, Uses and Benefits PAN Card is a Permanent Account Number which consists of 10-digit alphanumeric characters and is assigned to all taxpayers in India. It is issued under the Indian Income Tax Act, 1961 by the Indian Income Tax Department under the supervision of the Central Board for Direct Taxes (CBDT). Basically, PAN card is an electronic system in which all the tax related information of a person or company is recorded against a single PAN number. Let us tell you that two tax paying entities can't have the same PAN Card. For major financial transaction PAN ca...