PAN Full Form | Full Form of PAN Card




PAN Full Form - Permanent Account Number

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 Permanent Account Number

Permanent Account Number

  • PAN stands for Permanent Account Number.
  • This is often a card containing unique ten-digit alpha numeric combination issued by the income tax Department of India.
  • This card is issued by income tax Department of India, under section 139A of Indian income tax Act 1961.

Format of a Pan Card

  • The unique ten digit alpha numeric combination is arranged within the following format:
AAAPL1234C 
  • First five characters are letters, next four are numerals and therefore the last character is also letter.
  • The first three letters are sequence of alphabets, from AAA to ZZZ.
  • The fourth character specifies about the holder of the cardboard. Each holder is uniquely defined as below:
    • A - Association of Persons (AOP)
    • B - Body of individuals (BOI)
    • C - Company
    • F - Firm
    • G - Government
    • H - HUF (Hindu Undivided Family)
    • L - agency
    • J - Artificial Judicial Person
    • P - Individual
    • T - AOP (Trust)
  • The fifth character shows on the PAN card is that the first character of the surname or surname of the person, within the case of a "Personal" PAN card, where the fourth character is "P" or of the name of the Entity, Trust, society, or organization within the case of Company/ HUF/ Firm/ AOP/ BOI / Local Authority/ Artificial Judicial Person/ Government, where the fourth character is "C","H","F","A","T","B","L","J","G".

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Types of PAN

  • Following are the various kinds of PAN:
    • Individual
    • Hindu Undivided Family (HUF)
    • Corporation / Company
    • Trust
    • Artificial Judicial Person
    • Limited Liability Partnerships/ Firm
    • Minor
    • Society
    • Association of person

Eligibility for PAN Card

 Eligibility Pan

Eligibility Pan

  • The following are the eligibility criteria for owning PAN numbers.

Individuals

  • Just in case of people applying for PAN number, they ought to be a citizen of India has valid address and date of birth and ID proof.
  • The proof to substantiate the ID might be a driver’s license, passport, Aadhar card or voter’s card, etc.

Hindu Undivided Families

  • The top of the family who is additionally referred to as Karta just in case of Hindu Undivided Family, could apply for a PAN number on behalf of other members of the family by providing ID proof like address proof, date of birth of the members of the HUF.

Minors

  • In the minors’ cases, the guardians could apply for the PAN number on their behalf by providing their own ID proofs.

NRI

  • In the case of citizens living outside India, they will apply for the PAN number by providing a statement of the country during which he/she currently resides because the address proof.

Corporate

  • Companies applying for the PAN numbers should be registered with the ROC and will provide the registration certificate as ID proof.

Partnerships/Firms

  • Limited liability firms or partnerships should be registered with the relevant authority to get the PAN number and provide a copy of registration as ID proof.

AOP

  • Association of an individual registered with appropriate authority can get the PAN number by providing their registration certificate.


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