NAME: Tejvani Saloni Dilipbhai: S.K.College of Business Management

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S.K.

COLLEGE OF BUSINESS
MANAGEMENT

NAME: Tejvani Saloni Dilipbhai

Presentation on: PAN CARD

Subject: economics
M.COM - 1
Pan card : permanent account number

Definition of pan card:-

Permanent account number


(PAN) is a ten-digit alphanumeric identifier,
issued by incometax department.
Who can apply for PAN?
All existing assessees or taxpayers or persons
who are required to File a return of income,
even on behalf of others must have PAN. Any
person who intends to enter into economic or
Transactions where quoting PAN is mandatory,
must also have PAN
Is it compulsory to quote PAN on
return of income ?

Yes it is compulsory to quote PAN on return of


income
Can I obtain or use more than PAN ?

-Obtaining more than one PAN is against the law and


Many attract a penalty upto Rs.10000.

-therefore it is advisable not to obtain more than one


PAN.

-If you have more than one PAN, you should surrender
the unused PAN by logging into ITD website at

www.incometaxindia.gov.in
How do I apply for PAN ?

- you can apply for PAN by filling up form 49A:


application for allotment of permanent account number
(PAN application form).

-You can also apply for PAN online through NSDL-TIN


Website .
Can I make an application for PAN on
plain Paper ?

-No. Application for PAN can be made only in form


49A notified by central board of direct taxes on
29.05.2003 .
Where should I submit my PAN
application ?

-You can submit your duly filled and signed PAN


Application from along with the supporting
Documents to any of the TIN-FCs or PAN centers
Managed by NSDL.
Conclusion

The PAN is unique number assigned to each


Individual and is valid for the life time of
The holder throughout india.

An important point to note is that the PAN


Is not affected by a change of address. The
PAN is mandatory for a majority of
financial
Transactions.
Thank you..

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