Permanent Account No. (PAN)

What is the use of PAN card??

Permanent Account Number (PAN Card) is considered the most prominent proof of identification. The Indian Tax Department issues the PAN card to monitor income tax returns and regulates the economy. It is, therefore, mandatory/voluntary for every person Indian or foreigner, as the case may be, to have a PAN card. The PAN is the mode of identification of government and private organizations recognized in the Know Your Customer norms..

Why should I have the PAN card number even if am a foreigner??

The PAN is mandatory for NRI/foreign investors, and one must give their PAN card details in their investment activities..

Can an application for PAN/its modification be made through Internet??

Yes, applications for fresh allotment/modification of PAN can be made through the Internet..

Is there any TATKAL facility for allotment of PAN??

No..