Find below the Full Form of PAN, Format, Documents required for the PAN Card application, How to Apply for PAN etc
The full form of the phrase “Permanent Account Number” is abbreviated as “PAN.”
In accordance with subsection 139A of the Indian Income Tax Act of 1961, it is a one-of-a-kind ten-digit alphanumeric number that was issued by the Income Tax Department of India.
Full Form of PAN is: Permanent Account Number
Taxpayers all around the country are required to have a physical identity card known as a PAN in order to file their returns.
Because it contains the customer’s name, date of birth, photos, and other identifying information, a PAN card can be used as evidence of the customer’s identification.
PAN is used largely as a database for all individual transactions, including credits for taxes collected at source (TCS) and taxes deducted at source (TDS), payments related to income tax, returns on gifts, investments, and wealth, and so on.
Because the PAN number is used to track each transaction, the Income Tax department is able to detect any tax-related business conducted by either individuals or businesses.
Pan card format
The following is a list of the information that is on an Individual PAN card:
- Name of the PAN Card Holder
- Father’s Name of the PAN Card Holder
- Date of Birth of the Pan Card Holder
- PAN Number
- Signature
- A photograph of the cardholder.
- The hologram of the Indian government, together with the label of the country’s Income Tax Department.
Example of a pan number: AAAPNXXXXC
The 10-digit alphanumeric number on a PAN card represents:
The first five characters of a pan number are letters, the second group of characters are digits, and the final character is a letter.
To clarify, the alphabetic series denoted by “AAA” in the above PAN number extends all the way from AAA to ZZZ.
The holder status is represented by the fourth character of the PAN number.
The following is a list of the available characters and what they mean:
- P represents Individual
- C represents Company
- H represents Hindu Undivided Family (HUF)
- A represents the Association of Persons (AOP)
- B stands for Body of Individuals (BOI)
- G represents Government Agency
- J stands for Artificial Judicial person
- L is the local authority
- F reflects Firm or Limited Liability Partnership
- T for Trust
The individual’s first letter of their surname, also known as their last name, is represented by the fifth character. If the cardholder is a business rather than an individual, then the initial letter of the PAN cardholder’s name will be described by the fifth character.
- The sixth to ninth characters are numbers from 0001 to 9999.
- The tenth character is the alphabetic check digit.
Documents Required For the PAN Card Application?
Following are the primary documents required based on the type of PAN you are applying:
Proof of Identity and Address: Aadhaar Card, Voter ID, Driving License, Passport
- For Hindu Undivided Family: An affidavit with address proof and DOB identification of the members of the HUF.
- For Corporations: Registration certificates of the companies
- For Partnership Firms: The certificate of registration of partnership firms is issued by the register of partnership firms deed.
- For the Trust: Required the certificate number of registration issued by the commissioner of charity and trust
- For Society: required the registration certificate issued by the commissioner of charity and cooperative society.
- For Foreigners: A passport, a bank statement of the country where they reside, and a bank statement of their NRE account in India.
How To Apply for the PAN Card
- Move to the National Securities Depository Limited (NSDL) site or the UTIITSL website
- Now, you fill out the required form and submit it with the fee amount.
- After the submission, the PAN number will be sent to the applicant’s address.
Pan card application form PDF
You can download the Pan Card application form in PDF format from here.
https://www.protean-tinpan.com/downloads/pan/download/Form_49A.PDF