The provision relating to Permanent Account Number in the Income Tax is of immense importance to the taxpayers as quoting of PAN has been made mandatory for most of the financial transactions.
The Department has been receiving a number of 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 has been brought out for the first time under the Tax Payers Information Series. It is an attempt to help the taxpayers who want to apply for PAN and to explain to them the importance of PAN in their day to day functioning. The author Shri Neeraj Kumar, Addl. CIT, Range-39, New Delhi has taken keen interest in authoring the first edition of this booklet.
Book Contains the following Topis :-
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