Central Board of Direct Taxes (CBDT) has issued a Booklet on Permanent Account Number (PAN) to answer all the queries relating to PAN-particularly question on procedures for PAN application, documents required for PAN application and transaction for which quoting of PAN is mandatory etc.
This booklet is issued in a view to help the people who are still looking to apply for PAN but baffled about the procedure of applying for PAN card. This booklet also explains the importance as well as benefits of having PAN Card in day to day life.
This booklet covers:
1. What is PAN?
2. Evolution of PAN in India.
3. Who must have a PAN?
4. Financial transactions where quoting of PAN is mandatory.
5. What are the documents which can be submitted as proof of identity and proof of address?
6. FAQ on PAN.
tax 'N' accounts people
Tarun Kumar Gupta
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