Quick Summary
PAN is a unique 10-digit alphanumeric code issued by the Income Tax Department to track financial transactions and tax payments.
PAN (Permanent Account Number) is a 10-character alphanumeric identifier issued by the Income Tax Department. It is mandatory for filing income tax returns, opening bank accounts, and high-value transactions.
Key Points
- 10-character alphanumeric code
- Issued by Income Tax Department
- Mandatory for tax filing
- Required for opening bank accounts
- Needed for high-value transactions