Pan full form: Permanent Account Number ( PAN ) is

Permanent Account Number ( PAN ) is a ten-digit alphanumeric code issued by the Income Tax Department, functioning as a unique identifier for taxpayers. It is vital for linking all financial transactions with the tax department, including tax payments, TDS credits, and financial transactions. The PAN cards are issued as a physical document which includes PAN number, Organisation Name, DOB, and a photo. PAN cards can be used as identification documentation and for other legal requirements. PAN is the short form of Permanent Account Number. In India, each taxpayer has a distinct 10-character number, which is the PAN assigned to that particular taxpayer. What is Permanent Account Number ( PAN )? Explore the definition, advantages, and latest trends in this crucial personal finance concept.