Information to Get the Unique Identification Number Rightfully From the Tax Department

The Income Tax Department of India has issued a ten-digit holder alpha-numeric number called PAN card or Permanent Account Number in the form of laminated card for any citizens above 18years.

                                     The person who wants to have a PAN card has to apply for it. With the help of a PAN card, a person can link all his/her financial transactions with the income tax department that also includes tax payments. If you want to know more about pan card information, then you can approach to the department directly via any media or can approach to any agency who dealt with it.

Easy Way to Get:

Nowadays the Indian Judicial has stated that PAN card is a mandatory ID of a working person so that the tax department can get the rightful tax from the working people. The Internet has made it possible to reach the global arena, and with the help of it, many professionals are today applying for PAN card through online. Of which it cuts down the efforts that were previously required to apply for a PAN card standing in a queue.

Various online as well as offline agencies have formed to provide easiness to the people and are offering necessary help starting from filling up the form to get the PAN card. No doubt they will charge you for their service, but it's one of the easy ways to save your valuable time and effort.

Information for Application:

• Apply for the PAN card at the IT PAN service centers

• Deposit the application form amount at the PAN Service Center only and a copy of the deposited amount should be attached to the application form.

• If you already have a PAN card, then you are no longer able to apply for another one. If you do then you will be highly penalized by the Indian Judicial system.

• The form 49A, column 15 states that certain documents are needed to be submitted to the department along with your filled PAN application form without which you will fail to get a PAN card successfully.

Why PAN Card Is Called As The Identifier Of The Person?

With the help of PAN, the tax department will have the right to know about all your transactions like tax payments, correspondence, specified transactions, TDS or TCS credits and return of wealth/income/FBT/gift and so on. Hence, the PAN card is acting like the real-time identifier for any PAN card holder with the department of tax.

In What Case You Can Apply For A New One?

The PAN card is the unique identification number holder for each person. In that case you can't be able to carry more than one card for a single entity. However, if you have lost your PAN card somewhere and couldn't find it, then it will be a very hard time for you. In the meantime, you can request the tax department for a duplicate pan card by submitting all the necessary documents once again. This process will reduce your effort and saves money as well as time for applying for new PAN card.    

Source : articlesbase.com