I have applied for PAN recently and my first name alphabet starts with "S" but the IT dept has alloted me with "K" for the Fifth Alphabet as my PAN.
Is this right or should i go for rectification?
Somaas Kandan (CA Final) (385 Points)
23 March 2012I have applied for PAN recently and my first name alphabet starts with "S" but the IT dept has alloted me with "K" for the Fifth Alphabet as my PAN.
Is this right or should i go for rectification?
A.Vn.Anusha
(B.Com Qualified CA CS - Final)
(306 Points)
Replied 23 March 2012
What s ur surname.....? the fifth letter in PAN will be the starting letter of ur surname or last name
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 23 March 2012
Your Surname will be Fifth Letter of your PAN.
in your case, K stands for Kandan. hence, the use of that letter.
CA Ankit Totla
(Practicing Chartered Accountant)
(469 Points)
Replied 23 March 2012
Fifth letter of the PAN represents the Last Name of the person as applied by you.
Tarun M Guntanur
(Pursuing CA Final)
(299 Points)
Replied 23 March 2012
We need to be happy that PAN has been allotted. However there is no need to rectify the PAN, unless you have given any false infomarion while applying. If by mistake you have provided wrong information, please do go ahead and get it rectified.
Another suggestion is that, it is always better if you give your full name for printing on PAN card. This would help you at the time of applying for DIN, where it is mandatory to have full name along with abbreviations of initials.
Tarun M Guntanur
(Pursuing CA Final)
(299 Points)
Replied 23 March 2012
We need to be happy that PAN has been allotted. However there is no need to rectify the PAN, unless you have given any false infomarion while applying. If by mistake you have provided wrong information, please do go ahead and get it rectified.
Another suggestion is that, it is always better if you give your full name for printing on PAN card. This would help you at the time of applying for DIN, where it is mandatory to have full name along with abbreviations of initials.
Naresh Patel
(Partner)
(21 Points)
Replied 24 March 2012
i dont have pan card, i want to apply for pan, May i apply in march?
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 24 March 2012
Fifth Character in PAN represents the first letter of the word that you have written on the last name section in the PAN application form while applying for PAN.
Harkesh Kumar
(Finance Manager)
(97 Points)
Replied 24 March 2012
Fifth Letter represent you Surname Ist Word
CA Vanamala Phani Kumar
(Proprietor of M/s Vanamala and Co)
(972 Points)
Replied 24 March 2012
I think Your mistake is writing name in applcation wrongly....!
praveen
(Chartered Accountant)
(6971 Points)
Replied 24 March 2012
| Originally posted by : PHANI KUMAR VANAMALA | ||
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I think Your mistake is writing name in applcation wrongly....! |
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I agree you should have written your name as you say it everywhere and not based on surname and all. I know this is confusing anywayz now you cant help. Nothing wrong in having a small mistake in the card.
ur pan is correct.individual pan 5th character is first alphabet of surname.in case of companies and partnership firms,first alphabet of name is 5th word.
fourth character of the PAN must be one of the following, depending on the type of assesse:
Balram Begari
(Accountant)
(122 Points)
Replied 25 March 2012
Dear Somas,
As rightly said by collegues that
the fifth letter in PAN will be the starting letter of ur surname or last name and also note that
the fourth letter in PAN will be the stating the type assesse this is becuase as per Income Tax following types of persons are as follows:-
P-Individual
F-Partnership Firm
B-Body of Individual
H-Indu divided Family
A-Association of person
L-local authorirty
Also see that your fourth charcter in PAN No will be "P" i.e compulsory individual Pan Card.
C-company
T-Association of person (Trust)
J-Artificail Jurdical Person
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