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What is a Pan card
PAN stands for Permanent Account Number which is issued by the Income Tax Department. PAN number is a unique ten-digit alphanumeric number utilised for various financial related aspects.
Who can apply for pan
Individual
Partnership form
Company
Hindu undivided Family (HUF)
Trust
Society
Note: proprietorship firm cannot obtain a Pan card. The proprietor's pan can be used for the purpose of business.
How to apply for pan
First login to the Government portal of TIN-NSDL and navigate to the PAN section under ‘Services’ to apply online.
Fill the basic details such as name, mobile number and email id
You will now be moving on to the next page where you need to select the way to submit the documents for your PAN card application. The three options are either submit the documents digitally using e-KYC and e-sign, submit scanned images via e-sign or forward documents physically.
At the next step you will have to fill in the details related to your source of income and your residential address.
Finally, enter information about the documents you have submitted as proof of your identity, address, and date of birth. You will also be asked to upload your photograph and signature
Pan Card registration in Chennai
Structure of pan number
Pan card number is a ten digit number with alphanumeric characters.
First three digits are random alphabets
Fourth digit defines your status, whether you are a individual or a partnership firm or a company
Fifth digit says your name’s first letter
Sixth to ninth digits is again a random numbers
And the last digit is alphabetical check number
Validity of pan
The validity of a pan card is lifetime validity.
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