Any person may apply for PAN card.
PAN is the unique identity number given by income tax department.
PAN stands for Permanent Account Number .
PAN number contains 10 alphanumeric characters. Like ” AABP8852D”.
It provides a identity to the person for dealing with income tax department.
It is quoted in all income tax returns, challans and correspondences with income tax authorities.
The Significance Of Each Character Of PAN Card
|First 3 charateres||4th charater||5Th Character||6th to 9th Character||10th character|
|It is a alhpabatic series running from AAA to ZZZ||It identifies the status of pan holderC – Company|
P – Person
H — HUF (Hindu Undivided Family)
F — Firm
A — Association of Persons (AOP)
T — AOP (Trust)
B — Body of Individuals (BOI)
L — Local Authority
J — Artificial Juridical Person
G — Government
|The fifth character|
of the PAN is the
first letter of the
surname of individuals (P),
or, the name
of the Entity,
Trust, Society, Organization,
HUF, etc. in all
|The next four numbers are sequential |
0001 to 9999.
generated by applying a
Who Is Required To Obtain PAN Card ?
1. Section 139A of income tax act 1961, provides that following persons are required to obtain PAN.
|S. No.||Persons required to obtain PAN no.|
|1||if his total income or the total income of any other person in respect of which he is assessable under this Act during any previous year exceeded the maximum amount which is not chargeable to income-tax; or|
|2||carrying on any business or profession whose total sales, turnover or gross receipts are or is likely to exceed five lakh rupees in any previous year; or|
|3||who is required to furnish a return of income under sub-section (4A) of section 139; or|
2. As per notification 11468, dated 29.08.2000, the following class of persons are also required to obtain PAN .
|S. No.||Persons required to obtain PAN Card|
|1||Importers and Exporters as covered in the customs Act, 1962- Person by whom any tax or duty is payable|
|2||Assesses as defined in Central Exceise Rules, 1944|
|3||Persons who issues invoices of CENVAT requiring registration under Central Excise Rules, 1944|
|4||Persons who assessed under service tax|
3. An assessing officer on his own motion may allot PAN to any person, having regard to the nature of transaction, whether or not tax is payable.
Mandatory Quoting Of PAN
How To Apply For New PAN Card ?
Now a days pan is applied online and it is a very easy process. Anybody can do it without any help. I have written a detailed article on it, explaining the step wise process of ‘how to apply PAN card online.
How To Check Status Of PAN Application ?
It is very easy task to track and trace the status of your PAN application. I have provided the steps for verification of PAN card status in very simple way ‘Click here to check status of PAN card application.‘
How To Check The Validity Of A PAN Number ?
Checking the correctness of a PAN is no difficult task, I have explained the same here in this article’ Click here to check the validity of a PAN number.‘
How To Find Your PAN Number ?
In case if have forgotten or lost your PAN number, you can easily trace it out. Click here to know your PAN.
How To Correct Mistakes online, In PAN Card?
If there is any mistake in your PAN, you can correct the same online. I explain the process here in very simple way in this article ‘PAN Card Correction In 8 Easy Steps‘
What are the various PAN Forms for online application?
- Form for new PAN card (Form 49A)
- Form for change in PAN Card
- PAN Form for Foreign Citizens (Form 49AA)