Permanent Account Number (PAN) refers to a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department in India.
Permanent Account Number, as the name suggests is a permanent number which does not change during the lifetime of the PAN holder and also serves as an important ID proof. It is allotted to each tax payer by Income Tax Department under the supervision of the Central Board of Direct Taxes. The primary objective is to use a universal identification key to track financial transactions having a taxable component in it in order to prevent tax evasion. It remains unaffected by change of address throughout the country.
Alankit accepts PAN applications on behalf of NSDL through its chain of TIN-Facilitation Centers (TIN-FCs) and PAN centers set up across the country. Further, PAN application can also be made through the online facility.
This application form should be used when the applicant has never applied for a PAN or does not have a PAN allotted to him. A duly filled and signed PAN application form along with the supporting documents can be submitted to any of the TIN-FCs or PAN Centres managed by NSDL.