BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
PAN is a code that acts as an identification for individuals, families and corporates (Indian and Foreign as well), especially those who pay Income Tax. PAN stands for
A
Permanent Account Number
B
Permanent Amount Number
C
Permanent Account News
D
Personal Account Number
Explanation: 

Detailed explanation-1: -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 as given below (commonly known as PAN card): Permanent Account Number (PAN)

Detailed explanation-2: -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). Out of the first five characters, the first three characters represent the alphabetic series running from AAA to ZZZ.

Detailed explanation-3: -Permanent Account Number (PAN) is a code that acts as identification for Indian nationals, especially those who pay Income Tax. It is a unique, 10-character alpha-numeric identifier, issued to all judicial entities identifiable under the Indian Income Tax Act, 1961.

Detailed explanation-4: -PAN, or Permanent Account Number, is a 10-digit alphanumeric number issued to all taxpayers and non-taxpayers in the country. It is also issued to foreigners and foreign entities under certain conditions. A PAN can be further defined as follows: The PAN is required for all financial transactions.

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