Permanent account number
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Permanent Account Number (PAN) is a national identification number, issued to all taxpayers of India whose income is taxable. This number is issued by the Income Tax Office.
This number is required for many activities such as opening an account, getting a phone line, receiving salary or professional fees. The primary purpose of PAN is to prevent tax evasion by keeping a track of monetary transactions. The PAN is unique, national, and permanent. It is unaffected by a change of address, even between states.
This number can be considered to be similar to Social security number issued in United States to citizens and other legal residents
[edit] See also
- Fringe Benefits Tax (India)
- Indian Revenue Service(IRS)
- Other full-forms of PAN.
[edit] External links
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