What is the full meaning of PAN and where is it located with it's example? ?

PAN stands for Permanent Account Number. It is a unique 10-digit alphanumeric code issued by the Income Tax Department of India to individuals and entities.

Example: ABCDE1234F

PAN is located on a PAN card, which is a laminated card issued to individuals and entities upon successful application for a PAN number.

PAN stands for Permanent Account Number.

Location:

- In India, PAN is issued by the Income Tax Department.

Example:

- PAN typically follows the format: AAAAK9999A

Meaning:

The PAN is a unique 10-character alphanumeric identifier assigned to every:

- Taxpaying individual
- Hindu Undivided Family (HUF)
- Company
- Partnership
- Limited Liability Partnership (LLP)
- Trust
- Artificial Judicial Person (AJP)

Purpose:

PAN is used for:

- Tracking and managing tax-related information
- Facilitating tax compliance
- Preventing tax evasion
- Linking financial transactions to individuals and entities
- Identifying and authenticating individuals for various financial and non-financial transactions