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TAX

PAN

Permanent Account Number

10-character ID issued by IT department for tax tracking.

What is PAN?

PAN is mandatory for filing ITR, opening bank accounts, financial transactions above ₹50,000, and most government registrations. Format: AAAAA9999A. Once issued, lifetime valid; correctable but not changeable.

Who needs PAN?

Every Indian individual / business / NRI / foreign company with India income.

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