PAN Card is a laminated card issued by the Income Tax Department in India. PAN stands for Permanent Account Number and it is a ten-digit alphanumeric code generated and issued by the Indian Income Tax Department, to uniquely identify every tax paying person (assesee) in India.

PAN Card is required by any person who files an income tax return in India.

When does one need a PAN Card?
PAN Card is mandatory for all investors wanting to invest in India. PAN is also mandatory for anyone who wants to carry out any transaction in Indian Stock Markets. This is true for any Resident or Non-Resident Indians living abroad, and who wish to make any kind of investment in India, buy any property/house in India, open a bank account in India, open a Demat account etc.

Every person is required to hold only one PAN Card. If any person has been allotted two or more PAN Cards, he/she may retain any one of them and surrender the others through a letter addressed to the Income Tax Officer of the j ...more

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Permenat account number (PAN) is a id giving from income tax department, it is useull for start the buiseness..

1. What Is PAN?

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department.

A typical PAN is AABPS1205E.

{Section 139A(7) Expln (b) and (c)}

2. Why Is It Necessary To Have PAN?
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A card on which your photo, ur name , ur date of birth and your dads name and one number which is meant for you only are scripted. this is called PAN card.
in other sense u can take it as Pyaar Aur Naphrat ke saath jeene ka card. ;-)

Permanent acocunt number --one of the prooof of our identity

It means Permanent Account Number card. this is used for income tax purposes.

Permanent account number means u r accountable to government

Permanant account number........

It is issued by the income tax deptt. (parmanent account no.)

Permanant account number -for income tax