Using this technique, all the tax-related information of a person will be recorded against a single PAN number which usually acts as a primary key for storing information. After that PAN card was made obligatory in the year 1976 to all the tax paying applicants. PAN card was introduced in the year 1972 under section 139A of the Income Tax Act 1961. Any applicant who doesn't have PAN card, he/she must register through one of these agencies. ![]() The two authorized organization NSDL e-Governance Infrastructure Limited (NSDL e-gov) and UTI Infrastructure Technology and Services Limited (UTIITSL) are the Income Tax Department for accepting the application for PAN. PAN was implemented to promote simple access and matching of information related to investment. PAN was introduced to enhance the links between different documents like payment of taxes, evaluation, tax demands and arrears. The PAN Card acts as an important documentary proof which can be used for identification purpose. It is a ten character alpha-numerical identification card issued by the Income Tax Department in India to anyone who applies for it. The PAN is a unique identification card issued to all the judicial entities which are identifiable under the Income Tax Act of 1961. The term PAN Card full form stands for Permanent Account Number Card.
0 Comments
Leave a Reply. |