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Sunday, February 7, 2010

Know Your PAN

What is PAN?

Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by Income Tax Department. Each assessee (e.g. individual, firm, company etc.) is issued a unique PAN.
1-5 field are alpha(A to Z)
6-9 field are numeric(0-9)
10 field is alpha(A-Z)

   1. Forth field of pan denotes assessee status :

    * for individual="P"

    * for Company="C"

    * for Trust ="T"

    * for partnership firm="F"
    * Body of Individual:"B"

    * Association of persons:"A"

    * HUF="H"
    * Local authority:"L"
    * Govt.="G"
    * judicial artificial person:"j"

2.Fifth field of PAN denotes

    * In case of individual: Surname/last name(as given in pan application)

    * for ex. in case of Ram Kumar(individual)
    * 5th field will be "K"
    * 4th field will be "P"

    * In case of Ram Kumar Gupta(Individual)
    * 5th field will be "G"
    * 4th field will be "P"



    * In case of All Other Assesees (not confirmed for all the assessee)
    * 5th field will be first letter of Name/first Name

    * for ex : In case of Suresh Jindal (HUF)(confirmed)
    * 5th field will be "S"(first letter of First name i.e Suresh)
    * 4th field will be "H"(for Huf)

    * for ex: in case of ABB LTD(confirmed)
    * 5th field will be "A"(first letter of First name)
    * 4th field will be "C"(for company)


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