Status Check, Procedures, Facilities

Organization : Income Tax Department
Service Name : Know Your PAN
Country: India

Website : http://www.incometaxindia.gov.in/Pages/default.aspx

How To Know Your PAN?

PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card (commonly known as PAN card).

Related : Income Tax Department Changes/ Correction in PAN Data : www.statusin.in/128.html

Given below is an illustrative PAN:
Know Your PAN :
To know your PAN, follow the mentioned steps below.

Step-1: Enter the Date of Birth/ Incorporation in the format of (DD/MM/YYYY)
Step-2 : Enter the Surname
Step-3 : Enter the Middle Name
Step-4 : Enter the First Name
Step-5 : Enter the number (Captcha Code) as in screen.
Step-6: Click on Submit button

Get Details Here : https://incometaxindiaefiling.gov.in/e-Filing/Services/KnowYourPanLink.html

PAN is to be obtained by following persons:
** Every person if his total income or the total income of any other person in respect of which he is assessable during the previous year exceeds the maximum amount which is not chargeable to tax.
** A charitable trust who is required to furnish return under Section 139(4A)
** Every person who is carrying on any business or profession whose total sale, turnover, or gross receipts are or is likely to exceed five lakh rupees in any previous year
** Every importer/exporter who is required to obtain Import Export code
** Every person who is entitled to receive any sum/income after deduction of tax at source
** Any person who is liable to pay excise duty or a producer or manufacturer of excisable goods or a registered person of a private warehouse in which excisable goods are stored and an authorized agent of such person
** Persons who issue invoices under Rule 57AE requiring registration under Central Excise Rules, 1944
** A person who is liable to pay the service tax and his agent
** Persons registered under the Central Sales Tax Act or the general sales tax law of the relevant state or union territory
** Every person who intends to enter into specified financial transactions in which quoting of PAN is mandatory
** A person not covered in any of the above can voluntarily apply for PAN.

Validity of PAN

PAN obtained once is valid for life-time of the PAN-holder throughout India. It is not affected by change of address or change of Assessing Officer etc. However, any change in the PAN database (i.e. details provided at the time of obtaining PAN) should be intimated to the Income Tax Department by furnishing the details in the form for “Request For New PAN Card Or/ And Changes or Correction in PAN Data”.

About Us :
The Central Board of Revenue as the apex body of the Department, charged with the administration of taxes, came into existence as a result of the Central Board of Revenue Act, 1924. Initially the Board was in charge of both direct and indirect taxes.

However, when the administration of taxes became too unwieldy for one Board to handle, the Board was split up into two, namely the Central Board of Direct Taxes and Central Board of Excise and Customs with effect from 1.1.1964. This bifurcation was brought about by constitution of two Boards u/s 3 of the Central Board of Revenue Act, 1963.

FAQ On PAN

Frequently Asked Questions (FAQ) Permanent Account Number (PAN)

Q: What is PAN?
A: PAN stands for Permanent Account Number. It is a unique alphanumeric identification number assigned to individuals, companies, and other entities in India. PAN serves as a universal identification key for various financial and tax-related transactions.

Q: Why is PAN important?
A: PAN is important for several reasons:
** Income Tax: PAN is primarily used for income tax-related purposes, including filing income tax returns, making tax payments, and conducting tax-related transactions.
** Financial Transactions: PAN is required for various financial transactions, such as opening bank accounts, investing in securities, buying or selling immovable properties, and making high-value transactions.
** Identity Proof: PAN serves as a valid proof of identity, establishing the identity and existence of an individual or entity.
** Tax Compliance: PAN helps in tracking and monitoring tax compliance, preventing tax evasion and promoting transparency in financial transactions.

Q: Who issues PAN in India?
A: The Income Tax Department, under the authority of the Central Board of Direct Taxes (CBDT), issues PAN in India. It is the sole authority responsible for the allocation, administration, and management of PAN.