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Permanent Account Number, popularly known as PAN card, has become an important piece of document for the people of India. It is provided by the income tax department to every tax payer. The 10-digit card number is unique for every individual and is used to track down the financial transactions and helps the government to prevent tax evasion by keeping track of monetary transactions.
The PAN card was issued to prevent tax evasion by individuals and entities. PAN card is also a very essential document for sale or purchase of any type of goods costing a lakh or above.
While applying for a PAN card, an individual is required to submit a set of documents as a proof of identity, proof of address and date of birth. Depending on the applicant’s nature of residence, there are two types of forms that must be filled in order to get a PAN card.
Documents that can be submitted as identity proof for Indian citizens-
Documents that can be submitted as address proof for Indian citizens -
Documents required for individuals/companies who are not citizens of India or formed outside India-
While filing the forms, the individual must have two recent colored photographs, with white background. The size of the photograph should be 3.5cm X 2.5cm. The photograph should be pasted on the form and should not stapled or clipped.
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