BANKING AFFAIRS

Detailed explanation-1: -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.

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). Last character, i.e., the tenth character is an alphabetic check digit.

Detailed explanation-3: -3 Where to apply for PAN? In order to improve PAN related services, the Income Tax department has authorized UTI Infrastructure Technology And Services Ltd. (UTIITSL) to set up and manage IT PAN Service Centers in all cities or towns where there is an Income Tax office.

Detailed explanation-4: -PAN, or Permanent Account Number, is a unique 10-digit alphanumeric identity allotted to each taxpayer by the Income Tax Department under the supervision of the Central Board of Direct Taxes. It also serves as an identity proof.

Detailed explanation-5: -PAN is a 10 digit unique alphanumeric number issued by the Income Tax Department under the Indian Income Tax Act 1961. The first three characters are normal letters starting from AAA to ZZZ.