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The central government has introduced a new online service called "Know Your PAN", [3] to for knowing your PAN number, verify your PAN [4] for new and existing PAN numbers. [5] Failure to comply with the provisions of Section 139A of Income Tax Act, a penalty of ₹10,000/- for each default is payable u/s.272B to the assessing officer. [6]
A payment card number, primary account number (PAN), or simply a card number, is the card identifier found on payment cards, such as credit cards and debit cards, as well as stored-value cards, gift cards and other similar cards. In some situations the card number is referred to as a bank card number. The card number is primarily a card ...
When NSDL receives the TAN application along with said documents (either through TIN FC / Online), the details are verified and then sent to the Income Tax Department. Once approved, the Department allocates a unique number, and notifies the applicant through NSDL.
The individual number and the check digits are collectively known as the Personal Number. The individual number has been selected from a range depending on century of birth: for the years 1854–1899 the range is 500–749, for the years 1900–1999 the range is 000–499, for the years 2000–2039 the range is 500–999.
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The name, the complete postal address, details of the place of business, the PAN number, as well as the name of the country to which the remittance has been made are required to be mentioned. The status of the entity, whether it is a company, a firm , or others, is represented by the numerals 1, 2, and 3.
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"PAN" is an acronym for primary account number, i.e., the "card number" on either a debit or a credit card. PAN truncation simply replaces the card number printed on a customer receipt with a printout of only the last four digits, the remainder being replaced usually by asterisks. This hides the card number from anyone who obtains the receipt ...