Pan Card Services
PAN (Permanent Account Number) is an identification number assigned to all taxpayers in India. PAN is an electronic system through which all tax-related information for a person/company recorded against a single PAN number. It acted as the primary key for the storage of data and shared across the country. Hence no two tax-paying entities can have the same PAN. PAN requires two types of documents. Proof of address (POA) and Proof of Identity (POI). Any two of the following documents should meet the criteria
Why do we need a PAN Card? PAN is a unique identification number that enables each tax-paying entity of India with the following:
- Proof of Identity
- Proof of Address
- Mandatory for Filing Taxes
- Registration of Business
- Financial transactions
- Eligibility to open and operate Bank Accounts
- Phone Connection
- Gas Connection
- Mutual Fund – PAN is beneficial to complete e-KYC for mutual fund investments.