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Q.

What is Pan Card? What are its benefits?

Tags: benefits, pan, card
Asked by PRIYA SMITH, 01 Dec '07 10:41 am
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Answers (8)

1.

permanant account number..

use in all account related activities
Answered by good boy, 01 Dec '07 10:42 am

 
  
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2.

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Answered by wealth creator, 01 Dec '07 10:51 am

 
  
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3.

Pan card is issued by income tax department of india. which is used for a unique no to identify a person's idendity related tax payments.
Answered by vijayan vijayan, 01 Dec '07 10:47 am

 
  
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4.

PAN Card is an identification card issued by the Income Tax Department in India through its intermediaries like NSDL and UTI. It displays the assessee's name, photograph, signatures, Father's Name and PAN (Permanent Account Number). Permanent Account number is a 10 digit alphanumeric number issued to identify the income tax assessees by the department. Currently, this card is required to transact any major transaction above Rs. 50,000, opening a bank and demat account, property acquisition etc.
Answered by AMAN VOHRA, 01 Dec '07 10:45 am

 
  
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5.

Permanent Account Number Recgnition by govt of india for payment of income tax and helps for Identity in various govt deptt and in financial institution as per requirement.
Answered by Biswaranjan Behuria, 01 Dec '07 10:44 am

 
  
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6.

Before counting on the benefits it must be noted at a PAN Card is a mandatory document for all persons desiring to file income tax return. The same is also mandatory to be quoted in all banking transactions above Rs. 49,000/- in cash and also required for opening a bank account where the amount of deposit (Term Deposit) is also above the stipulated amount. The benefits as such are not many but yes it is an Identity Proof to be used at so many places.
Answered by s k mutreja, 01 Dec '07 10:48 am

 
  
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7.

it is permanent account number it is used for tax purpose
Answered by kapil gupta, 01 Dec '07 10:46 am

 
  
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8.

Permanent Account Number (PAN) is a national identification number, issued to all taxpayers of India whose income is taxable. This number is issued by the Income Tax Office.

This number is required for many activities such as opening an account, getting a phone line, receiving salary or professional fees. The primary purpose of PAN is to prevent tax evasion by keeping a track of monetary transactions. The PAN is unique, national, and permanent. It is unaffected by a change of address, even between states.This number can be considered to be similar to Social security number.
PAN structure is as follows: AAAAA9999A: First five characters are letters, next 4 numerals, last character letter
Each deductee is uniquely identified by the PAN
If the PAN does not follow the above structure, then the PAN will be shown invalid
The fourth character of the PAN must be one of the following, depending on the type of assessee:
C Company
P Person
H Hindu Undivided Family (HUF)
F F ...more
Answered by GOPI KUMAR, 01 Dec '07 10:45 am

 
  
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