Posted on: July 25, 2011 Author:
Permanent Account Number (PAN) is a ten digit alphanumeric number. It is issued in the form of a laminated card (called PAN Card), by the Income Tax department.
PAN Card: Key Points to Remember
However, it is very important that you fill the same details as mentioned in your PAN Card while filing your income tax return. Hence, make sure that you enter your Name, Date of Birth, and Father’s Name as it is specified on your PAN card to avoid rejection of your return by the income tax department. You can verify your PAN at this link https://incometaxindiaefiling.gov.in/portal/knowpan.do.
When you need a PAN Card
You need to quote the PAN when you make transactions like:
Incorrectly quoting a PAN will make you liable for a penalty of Rs. 10,000. PAN is your personal identity. Don't disclose it unless required. Keep a laminated photocopy of PAN card for use & keep the original PAN card at a secure place. It is a good practice to keep your PAN Card handy while filing income tax return.
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