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| NEWS REPORT: WHAT IS Permanent Account Number (PAN) Apr 15, 13 |
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Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the
form of a laminated card, by the Income Tax Department, to any “person” who
applies for it or to whom the department allots the number without an application.
PAN enables the department to link all transactions of the “person” with the
Incometax department.
A typical PAN is AFZPK7190K.
First three characters i.e. “AFZ” in the above PAN are alphabetic series running from AAA to ZZZ
Fourth character of PAN i.e. “P” in the above PAN represents the status of the PAN holder. “P” stands for Individual, “F” stands for Firm, “C” stands for Company, “H” stands for HUF, “A” stands for AOP, “T” stands for TRUST etc.
Fifth character i.e. “K” in the above PAN represents first character of the PAN
holder’s last name/surname.
Next four characters i.e. “7190” in the above PAN are sequential number running
from 0001 to 9999.
Last character i.e. “K” in the above PAN is an alphabetic check digit. |
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