PAN: Permanent Account Number
The full form of PAN is the Permanent Account Number. It is a 10 digit account number used by the income tax department to track the income of a person.
This is a very important document required especially when you open any bank account in any bank of India or outside the country.
The PAN card is issued by the Income Tax Department under section 139A and it is supervised by Central Board Of Direct Taxes (CBDT).
This card is also used as an important proof of identification.
Structure Of PAN Number
The 10 digit alpha-numeric PAN number is arranged in a special format
For example, a sample PAN number is ABCDE1234F
First five characters are letters, the next four are numerals and the last character is also a letter.
The first three letters are a sequence of alphabets, from AAA to ZZZ.
The fourth character specifies the holder of the card. Each holder is uniquely defined as below:
- A – Association of Persons (AOP)
- B – Body of Individuals (BOI)
- C – Company
- F – Firm
- G – Government
- H – HUF (Hindu Undivided Family)
- L – Local Authority
- J – Artificial Judicial Person
- P – Individual
- T – AOP (Trust)
The fifth character shows the first character of the surname or last name of the person in case of personal PAN card.
However the fourth character is P or name of the firm or organization in the case of Company/ HUF/ Firm/ AOP/ BOI/ Local Authority/ Artificial Judicial Person/ Government, where the fourth character is C”, “H”, “F”, “A”, “T”, “B”, “L”, “J”,”G”.
The PAN full form is Permanent Account Number as this number cannot be closed or changed once issued to a person.
Now PAN card linking with other cards are possible like linking PAN card with aadhar card which helps in more accountability and subsidy tracking directly into account.
Other full forms
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Hope that you understand a full form of PAN card. Ask your questions in below comment section.
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