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Additional Details
Thank you to those who have responded....in answer to some of the comments....I know this question makes me seem like an awful person, however I have been treated ... |
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It's mid february and I haven't received anything from him so far...doesn't he have to send it out soon?
Additional Details
What if I can't get a hold of him? I ... |
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 I want to change the name on the PAN CARD.? |
i want to change the name on the PAN CARD.
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 What's your state's sale tax?? |
Wisconsin is 5.5%
Additional Details
OMG!!!! lmao i thought wisconsin was bad. =X
new question.. cigarettes... up a dollar each pack for you?... |
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| I'm 18 years old student working part time job.. making 7 bucks an hour.. I've been having federal taxes, state taxes, medicare, and north Carolina withholding taken out from my paycheck ... |
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 If I win a vacation worth $7000, do I have to pay taxes on it? |
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 If Married, is it more convenient to file taxes as "single" or "married"? |
| I just got married and next year will be the first time I will file taxes. In case of a divorce in the future, is it better if now I file taxes still as single or it doesnt make a difference if I ... |
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Vahini C | What are the benefits of PAN (Permanent account nomber)? |
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padmanaban
 |
If u have pan card through the id U can invest in shares or use them at any time.But u need to pay taxes 4 it. |
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Neo
|
PAN - is being one unique identification number for all the citizens of India. It is touted to be something like citizen number.
For opening any bank account, share trading account, buying/selling of properties, getting credit card, etc. requires PAN no. without which you cannot open/ operate these accounts. |
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delta
|
without Pan Card u cannot do the following things
withdraw or deposit more than rs 50,000 in cash in your bank account.
U cant invest in share market
u cannot apply for mutual funds.
all property deals worth 10 lakhs or more also cannot be registered with out pan number.
iu u are working in a company or office and ur salary is more the taxable limits, ur employer has to deduct income tax and to deposit the tax with govt he need s your pan card number
and so on
it is more of a neccessity , must be obtained as per the laws of the country. |
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Prof. M
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To be proud of the citizen of your Nation. Your contribution helps the nation grow and to extend nessary services to the weak part. PAN is the certificate of yours for payment of tax. Tax is a small part of your income. When you have to spend for maintenance of your house, you do not know you are spending for maintenance of your nation by paying the tax. Each citizen among us are paying tax including those who are below powerty line in one way or the other which all accumulates to the national exchequer (treasury) and the national administration plan the annual budget by looking to this accumulation. When each one of us use the roads, bridges, rice, wheat and other food crops that are not grown in our region, we get the benefits of PAN and much more. The other benefit is that if you need loan, you can establish that you have an income and capable to repay the loan. But never borrow or take loan - this is self-sufficienty, the aim of each of us. |
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નિકà«àª‚જ
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you can compare it to social security no. of western country. in future government can trap anybody from PAN no. so it is good for white money and bad for black money. over all it is nice food for politician. |
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Bharat
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PAN is going to be a must for all financial transactions. |
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Sameer R
 |
PAN card is needed for every financial transaction in share market or mutual funds, or even in banks. And the most important thing is that it is ur unique identity. |
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theskychallenger
 |
Single point reference, for checking status of an individual. all investments are gradually requiring this as compulsory - want to invest rs. 50,000 in a mutual fund - no way, unless you have a PAN...
More than the benefits - its like mandatory ! |
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arul m
 |
Thornbird has given you an exhaustive response to this question. Only difference I have is that you don't need a pan card to open an account/have a phone line etc.
Pan card has been made mandatory only for investments in mutual funds and the stock market. |
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Orthodox Purushottam Kabra
 |
Go in discover section and read the answers given to "what is a PAN card and why anyone need it " or something like that and you will find more to the point answers. |
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Thornbird
|
Permanent Account Number (PAN) is a national identification number, issued to all taxpayers of India whose income is taxable. This number is issued by the Income Tax Office.
This number is required for many activities such as opening an account, getting a phone line, receiving salary or professional fees. The primary purpose of PAN is to prevent tax evasion by keeping a track of monetary transactions. The PAN is unique, national, and permanent. It is unaffected by a change of address, even between states.
This number can be considered to be similar to Social security number issued in United States to citizens and other legal residents.
Structure and validation
* PAN structure is as follows: AAAAA9999A: First five characters are letters, next 4 numerals, last character letter
* Each deductee is uniquely identified by the PAN
* If the PAN does not follow the above structure, then the PAN will be shown invalid
* The fourth character of the PAN must be one of the following, depending on the type of assessee:
C — Company
P — Person
H — Hindu Undivided Family (HUF)
F — Firm
A — Association of Persons (AOP)
T — AOP (Trust)
B — Body of Individuals (BOI)
L — Local Authority
J — Artificial Juridical Person
G — Govt
* The fifth character of the PAN is the first character in the surname of the person to whom the PAN belongs.
Permanent Account Number is an identity document/number which can also be issued to non-taxpayers irrespective of whether the income is taxable or not. It is basically a unique identity issued to any of the above. So please revise the definition.
Trivia
* 45-day old Akshithaa becomes youngest person to be issued a PAN Card |
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Reva Purdhani
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PAN-permanent account number is 10 digit alphanumeric number that defines the universal identification of a person for financial transactions. it is issued by the income tax department under the control of CBDT.
it is essential for getting telephone connection.
to file a return of tax.
to buy or sell the immovable property.
to purchase motor vehicle.
for the settlement of due payments of challans.
to invest money in share market more than 10 lakhs.
to open account in post office i.e. more than 50000.
to open time deposit or fixed deposit.
for the person who pays hotel bills for 25000 and more. |
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Reva Purdhani
|
PAN-permanent account number is 10 digit alphanumeric number that defines the universal identification of a person for financial transactions. it is issued by the income tax department under the control of CBDT.
it is essential for getting telephone connection.
to file a return of tax.
to buy or sell the immovable property.
to purchase motor vehicle.
for the settlement of due payments of challans.
to invest money in share market more than 10 lakhs.
to open account in post office i.e. more than 50000.
to open time deposit or fixed deposit.
for the person who pays hotel bills for 25000 and more. |
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