Permanent Account Number (PAN) is a unique 10 digit Alpha-Numeric number issued by Income Tax Department of India. It is issued to Citizen and Non-Resident of India. PAN card act as an identification for individuals, families, corporate bodies especially those who pay income tax. PAN is a mandatory document while opening a bank account in a bank. PAN acts as a universal identification key, to track financial transactions which might have a taxable event to prevent tax evasion. PAN card registration is now becoming important in our country as PAN is required when a person has a taxable income and also for many government policies.
The process of PAN registration is very easy. The registration is needed only first time when you apply for PAN Card. Compex helps you get your PAN in just 7-8 working days subject to government processing time.
PURPOSE OF PAN
1.For opening bank account.
2. For applying a loan, PAN is needed.
3. PAN acts as a photo identification which is accepted by all government and non-government institutions in the country.
4.For making other documents like passport you need a PAN Card.
DOCUMENTS REQUIRED FOR PAN REGISTRATION
1. Proof of residence, identity and date of birth like Aadhaar, voter id or driving license and passport size photograph.
2. Firm, Body of Individual, Association of Person, Company, etc.: Copy of certificate of registration of such body, Documents like MOA & AOA, partnership Deed, Proof of address.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s