PERMANENT ACCOUNT NUMBER OR PAN APPLICATION

Permanent Account Number or PAN is a special and unique 10 digit number that is assigned by India's Income Tax Department to an individual or an organization to identify and track financial transactions and the corresponding tax filed. One can apply pan card online, just follow an easy tips below.

The concept of PAN card online first came into existence in 1972. India, earlier, had a system called General Index Register (GIR). Since this system was manual and was not meant to provide a unique number to taxpayers from different parts of the country, it was scrapped and the concept of PAN was introduced a few years later.  Initially PAN was voluntary on the part of the tax payer, but in the year 1976, this system was made statutory by the government under section 139A of the Income Tax Act, 1961.

Over time, the application process for a PAN Card has evolved. Today, it is very easy and user-friendly. You can apply for a PAN Card both online and offline.

The online PAN card application process takes place on its official website or NSDL website and the offline application process takes place at the various PAN agencies and centres that are present on the district level. For both online as well as offline PAN application, a special form called form 49A needs to be filled properly and submitted by the tax payers.

DESCRIPTION

Permanent Account Number or PAN is a special and unique 10 digit number that is assigned by India's Income Tax Department to an individual or an organization to identify and track financial transactions and the corresponding tax filed. One can apply pan card online, just follow an easy tips below.

The concept of PAN card online first came into existence in 1972. India, earlier, had a system called General Index Register (GIR). Since this system was manual and was not meant to provide a unique number to taxpayers from different parts of the country, it was scrapped and the concept of PAN was introduced a few years later.  Initially PAN was voluntary on the part of the tax payer, but in the year 1976, this system was made statutory by the government under section 139A of the Income Tax Act, 1961.

Over time, the application process for a PAN Card has evolved. Today, it is very easy and user-friendly. You can apply for a PAN Card both online and offline.

The online PAN card application process takes place on its official website or NSDL website and the offline application process takes place at the various PAN agencies and centres that are present on the district level. For both online as well as offline PAN application, a special form called form 49A needs to be filled properly and submitted by the tax payer