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do u guys agreed that we do need MORE stimulus payment??
http://news.yahoo.com/s/
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 Please help me!!!? |
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W... |
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nazo o | What Is PAN? |
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 |
 
MooN
|
PAN stands for Permanent Account Number.
To get a PAN card you have to apply for the same.
You need to be of 18 yrs or more.
Resident of India.
Documents required for applying for PAN card are
1.Residence proof.(Elect.bill/ telephone bill/voter id etc.)
2.Identification proof.(Driving license/voter id/ degree certificate etc)
3.if you are in a job then a certificate from your employer.
Above documents are needed in a photo stat copy.
To get more information about PAN Card try the link given in source.
PAN is necessary in the following cases according to Section 139A of IT act 1961
1> sale or purchase of any immovable property valued at 5 lakh or more.
2> sale or purchase of a motor vehicle.
3> a time deposit exceeding 50000/- in any bank or in post office savings bank.
4> a contract for sale or purchase of Securities exceeding value of 10 lakhs.
5> opening a bank account.
6> making an application for a telephone connection including celluar telephone connection.
7> bill payments to hotels and restaurants exceeding 25000/- at any one time. |
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Gen X
|
Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department.
A typical PAN is AABPS1205E.
All existing assesses or taxpayers or persons who are required to furnish a return of income, even on behalf of others, must obtain PAN. Any person, who intends to enter into financial transaction where quoting PAN is mandatory, must also obtain PAN.
It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. From 1 January 2005 it will be mandatory to quote PAN on challans for any payments due to Income Tax Department.
It is also compulsory to quote PAN in all documents pertaining to financial transactions notified from time-to-time by the Central Board of Direct Taxes. Some such transactions are sale and purchase of immovable property or motor vehicle or payments in cash, of amounts exceeding Rs. 25,000/-to hotels and restaurants or in connection with travel to any foreign country. It is also mandatory to mention PAN for obtaining a telephone or cellular telephone connection. Likewise, PAN has to be mentioned for making a time deposit exceeding Rs. 50,000/- with a Bank or Post Office or depositing cash of Rs. 50,000/- or more in a Bank. |
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helpaneed
 |
It is a Permanent Account Number with Income Tax Department of India. |
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peeusht
|
Permanent Account Number : A Special Number maintained by Income Tax Department . Many Transactions are required to be provided with PAN
so that a Record can be made as to how much Tax had been paid/ remains / might be refunded . And lots more. PAN can also serve as a Person's Public Identity . |
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candy
 |
if you were referring to the identity to be used in bank then read ahead.
PAN is an identity for each indivudual who pays out tax.
For mor einfor click the link in the sources. |
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patriotisam
 |
permanent account number. |
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shivangini s
|
Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department. |
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rkzabakh
 |
PERMANENT ACCOUNT NUMBER |
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Spartan Total Warrior
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Pan is a surface you can use for cooking or toileting or any other use as you can utilise it. or also PAN use as tax file number. Spartan |
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br@ini@c
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something you cook in. |
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