It becomes perquisite for big economies to devise systems of control and facilitation. The pan card or permanent account number is one such system that the Government of India finds useful. It is a unique number allotted to the applicant an Indian Citizen or NRI.
This unique number is based on alpha numerical characters which have a set pattern. The number is allotted to an individual group or a company. Though not mandatory it is required for filing returns and executing major transactions. In banks this card is required for large transactions and facilitates account opening.
It is one of the best proof of identity and hence very useful. The 10 digit pan number is required on many instances and carries numerous benefits. In the initial stage it was looked down as insecure or bothersome but now most of the citizens of India have applied for it or have it.
This useful instrument as been issued by the IT Dept of India under CBDT. The card is issued in laminated form with a photograph of the applicant. Besides identity proof it also acts as address proof where ever required.
The application for this number can be made online at UTI or NSDL website. The income tax website has a lot of information to offer. The procedure is simple with some identity proof being a prerequisite. After the application is made on can regularly check pan card status online using a search tool. Having the permanent account number even for non assessee or small business is a good step.
One needs to quote the permanent account number where ever required. On many instance a photocopy works but sometimes original laminated card may be asked for.
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