Permanent Account Number (PAN)

A Permanent Account Number is required to be obtained by every person mentioned below:

• A person whose total income under the Act exceeds the maximum amount not chargeable to tax
• A person whose Total sales, turnover or gross receipts is likely to exceed Rs. 5,00,000/-
• A person who is required to furnish return of income on account of receipt of income under trust or other legal obligation for charitable or religious trust.

PAN under the new series

It is an all India, UNIQUE Number of 10 CHARACTERS, allotted by the Income Tax Deptt.

It is PERMANENT for your life and will not change even with a change of address or station or change of your Assessing Officer, etc.

PAN under the new series is being issued to replace old PAN or GIR No.

Who must apply for PAN?

• Individuals
• Hindu Undivided Families
• Companies
• Partnership Firms
• Association of Persons
• Body of individuals
• Trusts
• Artificial Juridical Persons (is this a word?)
• Representative Assessees

You need a PAN if you are:

• an Income Tax Payer.
• carrying on a business or profession whose total sales or turnover or gross receipt exceeds Rs.5 lakhs.
• a trust.
• an exporter or importer under the Customs Act ,1962.
• an assessee under Central Excise Act.
• a person who issue invoices and requires registration under the Central Excise Rules or an assessee under the service tax.

How will the PAN under the new series be communicated?

A letter, intimating your PAN under the new series, will be sent either by the Officer-in-charge of the Computer Centre or your Assessing Officer.

If your application is incomplete or deficient, you will receive a DEFICIENCY LETTER or an INTIMATION CUM DEFICIENCY LETTER, stating the shortcomings or defects in your application. PLEASE RESPOND IMMEDIATELY to enable us to follow up.

YOU WILL BE GIVEN A LAMINATED PAN CARD, WHICH WILL CONTAIN the following:

For Individuals:
PAN
Name
Date of Birth
Father's Name
Photograph and
Signature of PAN Holder

For other Tax payers:
PAN
Name and
Date of Incorporation or Formation