PAN stands for Permanent Account Number, which is a unique 10-digit alphanumeric identifier assigned to individuals and entities by the Indian Income Tax Department. It is used as a means of tracking financial transactions for tax purposes in India.
A PAN card is required for various financial transactions in India, such as opening a bank account, investing in securities, receiving taxable income, and paying taxes. It is also commonly used as a form of identification for many financial and non-financial transactions. It’s also important to keep your PAN details updated, as changes in personal or financial information may require an update to your PAN card.
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At Finassistic, we are dedicated to providing top-notch legal, financial, and business consultation services to individuals and businesses. Our team of expert consultants is highly skilled and knowledgeable in their respective fields, and they are committed to delivering personalized and effective solutions to meet the unique needs of each client. Whether you are facing a complex legal issue, need help with financial planning and management, or are looking to grow your business, we have the expertise to guide you through every step of the process.