What is PAN Card?
1.) Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated tamper proof card, by the Income Tax Department of India.
2.) The Permanent Account Number (PAN) is unique to an individual or entity and it is valid across India.
3.) Permanent Account Number once allotted to an individual or entity is unaffected by a change of name, address within or across states in India or other factors.
Why do you need PAN?
PAN is a unique identification number that enables each tax paying entity of India with the following:
How to Update/Edit PAN Details?
You can change/update the PAN details by filling PAN change application by attaching desired documents for change.
Advantages of PAN card
1.) Tax deduction.
2.) Starting a business.
3.) Claiming refund from income tax.
4.) Buying a car.
5.) Opening a Bank/Demat account.
Advantages of FSSAI
1.) Once you are alloted a PAN, you cannot escape from Income Tax department.
2.) You have to produced PAN card for some specific transactopns
Document Information
Documents for PAN
List of Directors with full address and contact details (mandatory for companies only)PAN requires two types of documents. Proof of address (POA) and Proof of Identity (POI). Any two of the following documents should meet the criteria
Individual Applicant
Hindu Undivided Family
Company registered in India
Trust
Society
Foreigners