PAN : pan card correction, pan card correction form, status, correction centre in India, correction fees, apply online

 PAN : Permanent account number (स्थाई लेखा संख्या)

पैन कार्ड क्या है? (What is pan card?)

PAN आयकर विभाग द्वारा जारी किया गया दस अंकों का एक अद्वितीय अल्फ़ान्यूमेरिक नंबर है। पैन एक लेमिनेटेड प्लास्टिक कार्ड (आमतौर पर Pan Cardके रूप में जाना जाता है) के रूप में जारी किया जाता है। अंतिम वर्ण, यानी दसवां वर्ण एक वर्णानुक्रम जाँच अंक है।

पैन कार्ड किस काम आता है?(What is PAN card used for?)

Pan Card के माध्यम से, भारत का आयकर विभाग हर वित्तीय लेनदेन पर नज़र रख सकता है।9keep track of every financial transaction) ये लेन-देन किसी संगठन या किसी व्यक्ति की कर देनदारी निर्धारित करने में महत्व रखते हैं। इसके अतिरिक्त, यह कर चोरी की संभावना को कम करता है, जो Pan Cardके प्रमुख उपयोगों में से एक है।

Pan Card

आज हम बात करेंगे की Pan Card का correction कैसे होता है ओर कैसे होगा online, offline क्या है इसका करेक्शन करने का सही तरीका –  pan card correction,pan card correction form, pan card correction status, pan card correction centre in India, pan card correction fees, pan card correction form pdf uti, pan card correction time, uti pan card correction, pan card correction application, pan card correction application form,pan card correction application status, pan card correction apply online, pan card correction app etc.

Lost Your PAN Card? Here’s How To Reapply For Duplicate Or E-PAN Card Online
आपका पैन कार्ड खो गया? यहां बताया गया है कि डुप्लीकेट या ई-पैन कार्ड के लिए ऑनलाइन आवेदन कैसे करें

पैन कार्ड, या स्थायी खाता संख्या, भारत में किसी भी वित्तीय लेनदेन के लिए आवश्यक एक महत्वपूर्ण व्यावसायिक आईडी है। यदि आपका Pan Card खो जाता है, तो चिंता करने की कोई आवश्यकता नहीं है, क्योंकि आप अपने घर बैठे आराम से इसके लिए दोबारा आवेदन करके डुप्लीकेट कार्ड प्राप्त कर सकते हैं। यहां बताया गया है कि आप खोए हुए Pan Card को कैसे पुनः प्राप्त कर सकते हैं:

पहला कदम उठाने के लिए निकटतम पुलिस स्टेशन को अपने Pan Card के नुकसान के बारे में सूचित करना है, क्योंकि यह एक महत्वपूर्ण वित्तीय दस्तावेज है जिसका दुरुपयोग किया जा सकता है।

उसके बाद, डुप्लीकेट Pan Card के लिए आवेदन करने के लिए इन आसान चरणों का पालन करें:

1. एनएसडीएल की आधिकारिक वेबसाइट – https://www.Protean-tinpan.Com/ पर जाएं।

2. “मौजूदा पैन डेटा में परिवर्तन/सुधार” चुनें।

3. अपना नाम, जन्म तिथि और मोबाइल नंबर दर्ज करें, और एक टोकन नंबर उत्पन्न होगा और आपके ईमेल पर भेजा जाएगा।

4. “व्यक्तिगत विवरण” पर क्लिक करें और भौतिक या ई-केवाईसी या ई-साइन के माध्यम से सभी आवश्यक जानकारी जमा करें।

5. अपने विवरण को सत्यापित करने के लिए, एनएसडीएल कार्यालय को अपने मतदाता पहचान पत्र, पासपोर्ट, 10 वीं प्रमाण पत्र आदि की एक प्रति भेजें।

6. ई-केवाईसी के लिए वेबसाइट पर आधार नंबर पर प्राप्त ओटीपी दर्ज करें।

7. ई-पैन या फिजिकल पैन में से अपनी जरूरत का विकल्प चुनें।

8. अपना पता भरें और भुगतान करें।

9. भारत में रहने वालों को 50 रुपये और विदेश में रहने वालों को 959 रुपये शुल्क देना होगा।

10. आपको 15 से 20 दिनों के भीतर अपना भौतिक Pan Card प्राप्त हो जाएगा।

11. ई-Pan Card सिर्फ 10 मिनट में मिल जाएगा और आप इसकी डिजिटल कॉपी सेव कर सकते हैं।

यदि आपका Pan Card खो गया है तो तत्काल कार्रवाई करना महत्वपूर्ण है, और पुलिस को सूचित करने के लिए पहला कदम होना चाहिए। ऊपर बताए गए चरणों के साथ, आप बिना किसी परेशानी के डुप्लीकेट Pan Cardके लिए तुरंत आवेदन कर सकते हैं।

pan card correction

खोए हुए पैन कार्ड को फिर से जारी करने या पैन डेटा में परिवर्तन/सुधार के लिए अनुरोध दर्ज किया जाना है

“नए पैन कार्ड के लिए अनुरोध या / और पैन डेटा में परिवर्तन या सुधार”।

 पैन डेटा में परिवर्तन या सुधार के लिए, फॉर्म के सभी अनिवार्य क्षेत्रों को भरें और चयन करें
उपयुक्त फ़ील्ड के बाएँ हाशिए पर संबंधित बॉक्स जहाँ सुधार की आवश्यकता है।
 यदि आवेदन पैन से संबंधित किसी भी बदलाव के बिना पैन कार्ड को फिर से जारी करने के लिए है
आवेदक का डेटा, फॉर्म में सभी फ़ील्ड भरें लेकिन बाएं मार्जिन पर किसी भी बॉक्स का चयन न करें।
 पैन में बदलाव या सुधार के लिए अनुरोध या फिर से जारी करने के अनुरोध के मामले में
एक पैन कार्ड, पैन डेटा में कोई बदलाव किए बिना, संचार के लिए पता होगा
में प्रदान किए गए संचार के पते का उपयोग करके आईटीडी डेटाबेस में अद्यतन किया गया
आवेदन पत्र।
 पैन को रद्द करने के लिए, फॉर्म में सभी अनिवार्य फ़ील्ड भरें, रद्द किए जाने के लिए पैन दर्ज करें
फॉर्म के उपयुक्त कॉलम में और बाएं मार्जिन पर चेक बॉक्स का चयन करें। पैन होना
रद्द किया गया पैन शीर्ष पर उल्लिखित पैन (वर्तमान में उपयोग किया जाने वाला) के समान नहीं होना चाहिए
प्रपत्र।

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What is PAN?
Utility of PAN
Who has to obtain PAN?
Transactions in which PAN is mandatory
How to apply for PAN?
How to correct any mistake in PAN card or intimate any change in data pertaining to
PAN?

Holding of more than one PAN not allowed

How to know PAN if the PAN card is lost and PAN is forgotten?

Penalty for not complying with provisions of PAN

What is PAN?

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is

issued in the form of a laminated plastic card as given below (commonly known as PAN card):

Permanent Account Number (PAN)

Various aspects of PAN to be covered

Now we shall discuss on the structure of the ten characters of PAN. For this purpose we shall

take an illustrative PAN as given below :

[As amended by Finance Act, 2022]

S X

XX

BKG X D

Out of the first five characters, the first three characters represent the alphabetic series running

from AAA to ZZZ.

BLG PXXX D

The fourth character of PAN represents the status of the PAN holder.

“P” stands for Individual

“C” stands for Company

“H” stands for Hindu Undivided Family (HUF)

“A” stands for Association of Persons (AOP)

“B” stands for Body of Individuals (BOI)

“G” stands for Government Agency

“J” stands for Artificial Juridical Person

“L” stands for Local Authority

“F” standsfor Firm/ Limited Liability Partnership

“T” stands for Trust

Illustrative PAN : BLGPX S X D

Fifth character of PAN represents the first character of the PAN holder’s last name/surname in

case of an individual. In case of non-individual PAN holders fifth character represents the first

character of PAN holder’s name.

[As amended by Finance Act, 2022]

Illustrative PAN : BLGPSD

Next four characters are sequential numbers running from 0001 to 9999.

Illustrative PAN : BLGPS XXXX D

Last character, i.e., the tenth character is an alphabetic check digit.

Utility of PAN

PAN enables the department to identify/ link all transactions of the PAN holder with the

department. These transactions include tax payments, TDS/TCS credits, returns of income,

specified transactions, correspondence etc, and so on. It facilitates easy retrieval of information

of PAN holder and matching of various investments, borrowings and other business activities of

PAN holder.

Who has to obtain PAN?

PAN is to be obtained by :

• Every person if his total income or the total income of any other person in respect of

which he is assessable during the year exceeds the maximum amount which is not

chargeable to tax.

• A charitable trust who is required to furnish return under Section 139(4A)

• Every person who is carrying on any business or profession whose total sale, turnover, or

gross receipts are or is likely to exceed five lakh rupees in any year

• Every person who intends to enter into specified financial transactions in which quoting

of PAN is mandatory.

XXXX

[As amended by Finance Act, 2022]

• Every non-individual resident persons and persons associated with them shall apply for

PAN if the financial transaction entered into by them during the financial year exceeds

Rs. 2,50,000.

Transactions in which voting of PAN is mandatory

Following are the transactions in which quoting of PAN is mandatory by every person except the

Central Government, the State Governments and the Consular Offices:

1) Sale or purchase of a motor vehicle or vehicle other than two wheeled vehicles.

2) Opening an account [other than a time-deposit referred at point No. 12 and a Basic Savings

Bank Deposit Account] with a banking company or a co-operative bank

3) Making an application for issue of a credit or debit card.

4) Opening of a demat account with a depository, participant, custodian of securities or any

other person with SEBI

5) Payment in cash of an amount exceeding Rs. 50,000 to a hotel or restaurant against bill at

any one time.

6) Payment in cash of an amount exceeding Rs. 50,000 in connection with travel to any

foreign country or payment for purchase of any foreign currency at any one time.

7) Payment of an amount exceeding Rs. 50,000 to a Mutual Fund for purchase of its units

8) Payment of an amount exceeding Rs. 50,000 to a company or an institution for acquiring

debentures or bonds issued by it.

9) Payment of an amount exceeding Rs. 50,000 to the Reserve Bank of India for acquiring

bonds issued by it.

10) Deposits of cash exceeding Rs. 50,000 during any one day with a banking company or a cooperative bank.

10A) Deposits of cash aggregating to more than Rs. 2,50,000 during the period of 09th

November 2016 to 30th December 2016 with a banking company, cooperative bank or post

office.

11) Payment in cash for an amount exceeding Rs. 50,000 during any one day for purchase of

bank drafts or pay orders or banker’s cheques from a banking company or a co-operative

bank.

12) A time deposit of amount exceeding Rs. 50,000 or aggregating to more than Rs. 5 lakh

during a financial year with –

(i) a banking company or a co-operative bank

(ii) a Post Office;

(iii) a Nidhi referred to in section 406 of the Companies Act, 2013 or

(iv) a non-banking financial company

13) Payment in cash or by way of a bank draft or pay order or banker’s cheque of an amount

aggregating to more than Rs. 50,000 in a financial year for one or more pre-paid payment

instruments, as defined in the policy guidelines for issuance and operation of pre-paid

payment instruments issued by Reserve Bank of India under section 18 of the Payment and

Settlement Systems Act, 2007 to a banking company or a co-operative bank or to any other

company or institution.

[As amended by Finance Act, 2022]

14) Payment of an amount aggregating to more than Rs. 50,000 in a financial year as life

insurance premium to an insurer

15) A contract for sale or purchase of securities (other than shares) for amount exceeding Rs. 1

lakh per transaction

16) Sale or purchase, by any person, of shares of a company not listed in a recognised stock

exchange for amount exceeding Rs. 1 lakh per transaction.

17) Sale or purchase of any immovable property for an amount exceeding Rs. 10 lakh or valued

by stamp valuation authority referred to in section 50C of the Act at an amount exceeding

ten lakh rupees.

18) Sale or purchase of goods or services of any nature other than those specified above for an

amount exceeding Rs. 2 lakh per transaction.

NOTE:

1) Minor person can quote PAN of his father or mother or guardian provided he does not have

any income chargeable to income-tax.

2) Any person, who does not have PAN and enters into any of above transaction, can make a

declaration in Form No.60.

3) Quoting of PAN is not required by a non-resident in a transaction referred at point No. 3 or

5 or 6 or 9 or 11 or 13 or 18.

4) Any person who has an account (other than a time deposit referred at point no. 12 and a

Basic Saving Bank Deposit Account) maintained with a banking company or a co-operative

bank. He will be required to furnish his PAN or Form No.60 on or before 30-06-2017 if he

has not quoted his PAN or furnished Form No. 60 at the time of opening of such account or

subsequently.

How to apply for PAN?

Income Tax Department has authorised UTI Infrastructure Technology and Services Limited

(UTIITSL) and National Securities Depository Limited (NSDL) [now protean] to set-up and

manage PAN Service Centers. UTIITSL and NSDL [now protean] have established PAN

Service Centers and TIN Facilitation Centers at various places in major cities of India

(hereinafter referred to as PAN application centers of UTIITSL/Protean).

Thus, a person wishing to obtain PAN can apply for PAN by submitting the PAN application

form (Form 49A/49AA) along with the related documents and prescribed fees at the PAN

application center of UTIITSL or Protean. An online application can also be made from the

website of UTIITSL or Protean.

As per Section 139AA, every person who is eligible to obtain Aadhaar is required to quote his

Aadhaar number in the PAN application form with effect from 1st day of July, 2017. If any

person does not possess the Aadhaar Number but he had applied for the Aadhaar card then he

can quote Enrolment ID of Aadhaar application Form.

[As amended by Finance Act, 2022]

However, the provisions of section 139AA shall not apply to an individual who does not possess

the Aadhaar number or the Enrolment ID and is:-

i) residing in any of these States-Assam,Jammu and Kashmir and Meghalaya;

ii) a non-resident as per the Income-tax Act, 1961;

iii) of the age of 80 years or more at any time during the previous year, i.e., super-senior

citizen;

iv) not a citizen of India.

Hence, it will not be mandatory for an individual (as notified above) to quote his/her Aadhaar

Number in the PAN application form.

In case of an applicant, being a company which has not been registered under the Companies

Act, 2013, the application for allotment of a Permanent Account Number may be made in SpiceINC-32 specified under sub-section (1) of section 7 of the said Act for incorporation of the

company.

A resident person shall apply for PAN in form 49A and a non-resident person including a foreign

company shall apply for allotment of PAN in form 49AA.

Individual applicants will have to affix two recent, coloured photograph (Stamp size 3.5 cms x

2.5. cms) on PAN application form.

Prescribed document must be furnished as a proof of ‘Identity’ ‘Address’ and ‘Date of Birth’.

Designation and Code of concerned Assessing Office of Income Tax Department will have to be

mentioned in PAN application form.

The address, phone numbers, etc., of PAN application centers of UTIITSL or Protean at which

PAN application can be submitted can be obtained from :

• Website of Income Tax Department :www.incometaxindia.gov.in

• Website of UTIITSL :www.utiitsl.comWebsite of Protean : https://www.protean-tinpan.com/

Instant PAN CADR

Income-tax Dept. has launched a new functionality on the e-filing portal which allots a PAN to

the assessee on basis of his Aadhaar Number.

This facility can be used by an assessee only if the following conditions are fulfilled:

[As amended by Finance Act, 2022]

a) He has never been allotted a PAN;

b) His mobile number islinked with his Aadhaar number;

c) His complete date of birth is available on the Aadhaar card; and

d) He should not be a minor on the date of application for PAN

How to get instant PAN using this functionality?

1) Go to https://eportal.incometax.gov.in/iec/foservices/#/pre-login/instant-e-pan and click on

“Get New e-PAN”

2) Enter your 12 digit Aadhaar number for PAN allotment and click on continue

3) Enter the OTP received on the mobile number linked with the Aadhaar No. to validate the

Aadhaar details

4) Enter other details and submit to get the e-PAN.

[As amended by Finance Act, 2022]

How to correct any mistake in PAN card or intimate any change in data pertaining to
PAN?

Request for reissue of lost PAN card or for change/correction in PAN data is to be filed in

“Request for New PAN Card Or/ And Changes Or Correction in PAN Data”.

 For Changes or Correction in PAN data, fill all mandatory fields of the Form and select

the corresponding box on left margin of appropriate field where correction is required.

 If the application is for re-issuance of a PAN card without any changes in PAN related

data of the applicant, fill all fields in the Form but do not select any box on left margin.

 In case of either a request for Change or Correction in PAN or request for re-issuance of

a PAN Card without any changes in PAN data, the address for communication will be

updated in the ITD database using address for communication provided in the

application.

 For Cancellation of PAN, fill all mandatory fields in the Form, enter PAN to be cancelled

in appropriate column of the Form and select the check box on left margin. PAN to be

cancelled should not be same as PAN (the one currently used) mentioned at the top of the

Form.

Holding of more than one PAN not allowed

A person cannot hold more than one PAN. A penalty of Rs. 10,000/- is liable to be imposed

under section 272B of the Income-tax Act, 1961 for having more than one PAN.

If a person has been allotted more than one PAN then he should immediately surrender the

additional PAN card(s).

How to know PAN, if the PAN card is lost and PAN is forgotten?

In such a case, one can know his PAN by using the facility of “Know Your PAN” provided by

the Income Tax Department. This facility can be availed of from the website of Income Tax

Department -www.incometaxindia.gov.in

A person can know his PAN online by providing his core details like Name, Father’s Name and

Date of Birth.

After knowing the PAN you can apply for duplicate PAN card by submitting the “Request for

New PAN Card Or/ And Changes Or Correction in PAN Data”.

Linking of PAN with Aadhaar Number

The Finance Act, 2017 had inserted a new section 139AA in the Income-tax Act, 1961, requiring

every person who is eligible to obtain Aadhaar to quote his Aadhaar number while applying for

PAN or furnishing return of income with effect from July 1, 2017. If any person does not possess

the Aadhaar Number but he had applied for the Aadhaar card then he can quote Enrolment ID of

Aadhaar application Form in the ITR.

[As amended by Finance Act, 2022]

Section 139AA further provides that every person who has been allotted PAN as on the 1st day

of July, 2017, and who is eligible to obtain Aadhaar number shall intimate his Aadhaar number

on or before 31-03-20221

to the Income-tax Department. In case of failure to intimate the

Aadhaar number, PAN allotted to the person shall be made inoperative after the date so notified.

The CBDT has notified2

that all the consequences provided under the Income-tax Act for not

furnishing, intimating or quoting PAN shall come into effect from 01-04-2023 if PAN becomes

inoperative due to non-linking of it with Aadhaar. However, the taxpayer is liable to pay fee if

PAN is linked with Aadhaar from 01-04-2022 to 31-03-2023.

Consequences for not linking PAN with Aadhaar Number

The Central Board of Direct Taxes has notified Rule 114AAA prescribing the manner and

consequences if PAN becomes inoperative. The Rule 114AAA(2) provides that where a person,

whose PAN has become inoperative, it shall be deemed that he has not furnished, intimated or

quoted the PAN, as the case may be, and he shall be liable for all the consequences under the Act

for not furnishing, intimating or quoting the PAN.

However, the person can reactivate his PAN by subsequently intimating his Aadhaar to the

Department.

Fee for default relating to intimation of Aadhaar number

The Finance Act, 2021 has inserted a new Section 234H to levy a fee for default in intimating the

Aadhaar Number. If a person is required to intimate his Aadhaar under Section 139AA and such

person fails to do so, he shall be liable to pay a fee, as may be prescribed, not exceeding Rs.

1,000 at the time of making such intimation.

The CBDT vide notification No. 17/2022, dated 29-03-2022 has amended Rule 114 to

prescribe the fees to be levied if Aadhaar is not linked with PAN. As per Rule 114(5A), if

a person intimates his Aadhaar number after the due date, then he shall be liable to pay

a fee of:

a) Rs. 500, if such intimation is made between 01-04-2022 and 30-06-2022; and

b) Rs. 1,000, in all other cases.

How to link Aadhaar number with PAN?

The following modes have been prescribed to link Aadhaar number with PAN:

(a) SMS:

Send SMS to 567678 or 56161 from your registered mobile number in the following format:

UIDPAN<SPACE><12 Digit Aadhaar Number><SPACE><10 Digit PAN>

For E.g., UIDPAN 123456789000 EPOPE1234E

1 Notification No. 113/2021, dated 17-09-2021.

2 Circular No. 07/2022, dated 30-03-2022 read with Proviso to Rule 114AAA(2) inserted by the Income-tax (Third

Amendment) Rules, 2022 vide Notification No.17/2022 dated 29-03-2022

(b) Online:

 By visiting the website of the PAN Service providers (i.e., www.protean-tinpan.com or

www.utiitsl.com). Click on the button ‘Link Aadhaar to PAN’ which will direct you to the

income-tax website.

 By visiting directly the e-filing website (i.e., www.incometaxindiaefiling.gov.in).

(c) Paper mode:

File one page Form along with minimal fee with the designated PAN centre. Copies of PAN

card, Aadhaar card are to be furnished.

PAN and AADHAR are interchangeable for Income -tax purpose

Section 139A of the Income-tax Act, 1961, prescribes various conditions under which an

assessee is required to obtain PAN. He needs to mention his PAN in all communications with the

Income-tax Dept. and while entering into specified financial transactions.

However, there can be situations where a person entering into high-value transactions, such as

purchase of foreign currency or huge withdrawal from the banks, does not possess a PAN. Thus,

the Finance (No. 2) Act, 2019, has provide for interchangeability of PAN with Aadhar. It has

been provided that every person who is required to furnish or intimate or quote his PAN under

the Income-tax Act, and who,-

a) has not been allotted a PAN but possesses the Aadhaar number, may furnish or intimate or

quote his Aadhaar in lieu of PAN. Further, Income-tax department shall allot PAN to such

person in prescribed manner.

b) has been allotted a PAN, and who has linked his Aadhaar number with PAN as per section

139AA, may furnish his Aadhaar number in lieu of a PAN for all the transactions where

quoting of PAN is mandatory as per Income-tax Act.

Penalty for not complying with provisions relating to PAN or Aadhar

Section 272B provides for penalty in case of default in complying with the provisions relating to

PAN, i.e., failure to obtain, quote, or authenticate PAN. The amount of penalty shall be Rs.

10000 for each default.

As the Finance (No. 2) Act, 2019 as provided for interchangeability of Aadhar with PAN,

Consequential amendments have been made in the penal provisions of Section 272B so as to

levy a penalty of Rs. 10,000 for each default in the following cases:

a) If assessee fails to quote or intimate his PAN or Aadhaar or quotes or intimates invalid PAN

or Aadhaar.

b) If assessee fails to quote or authenticate his PAN or Aadhaar in specified transactions.

c) If receiver (i.e., banks, financial institution, etc.) of documents in respect of specified

transactions fails to ensure that the PAN or Aadhaar are duly quoted and authenticated.

[As amended by Finance Act, 2022]

[As amended by Finance Act, 2022]

MCQ on Permanent Account Number

Q1.Permanent Account Number (PAN) is a digit unique alphanumeric number issued

by the Income Tax Department.

(a) Twenty (b) Fifteen

(c) Ten (d) Five

Correct answer : (c)

Justification of correct answer :

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is

issued in the form of a laminated plastic card (commonly known as PAN card).

Thus, option (c) is the correct option.

Comment on incorrect answer : Option (c) is the correct option since it gives the correct digit

formation of PAN, all the other options viz. option (a), (b) and (d) giving incorrect digit

formation of PAN are not correct.

Q2.Out of the first characters, the first three characters represent the alphabetic series

running from AAA to ZZZ.

(a) Ten (b) Seven

(c) Five (d) Four

Correct answer : (c)

Justification of correct answer :

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is

issued in the form of a laminated plastic card (commonly known as PAN card). Out of the first

five characters, the first three characters represent the alphabetic series running from AAA to

ZZZ

Thus, option (c) is the correct option.

Comment on incorrect answer : Option (c) is the correct option since it gives the correct digit

formation of PAN, all the other options viz. option (a), (b) and (d) giving incorrect digit

formation of PAN are not correct.

Q3.The fifth character of PAN represents the status of the PAN holder.

(a) True (b) False

Correct answer : (b)

Justification of correct answer :

[As amended by Finance Act, 2022]

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in

the form of a laminated plastic card (commonly known as PAN card). Out of the first five characters, the

first three characters represent the alphabetic series running from AAA to ZZZ. The fourth character of

PAN represents the status of the PAN holder.

Thus, the statement given in the question is false and hence, option (b) is the correct option.

Comment on incorrect answer :The statement given in the question is false, hence, option (a)

is not correct.

Q4.Last character, i.e., the tenth character is an _.

(a) Identification (b) Symbol

(c) Alphabetic check digit (d) Numeric check digit

Correct answer : (c)

Justification of correct answer :

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is

issued in the form of a laminated plastic card (commonly known as PAN card). Last character,

i.e., the tenth character is an alphabetic check digit.

Thus, option (c) is the correct option.

Comment on incorrect answer : Option (c) is the correct option since it gives the correct digit

formation of PAN, all the other options viz. option (a), (b) and (d) giving incorrect digit

formation of PAN are not correct.

Q5.Every person who is required to file the return of income or is required to file the return of

income on behalf of any other person has to obtain PAN. Apart from such person, no other

person has to obtain PAN.

(a) True (b) False

Correct answer : (b)

Justification of correct answer :

PAN is to be obtained by following persons :

• Every person who is required to file the return of income or is required to file the return of

income on behalf of any other person.

• Every person who is carrying on any business or profession whose total sale, turnover or

gross receipts are likely to exceed five lakh rupees in any previous year.

• Every person who intends to enter into specified financial transactions in which quoting of

PAN is mandatory.

• Every non-individual resident persons and persons associated with them shall apply for PAN

if the financial transaction entered into by them during the financial year exceeds Rs.

2,50,000.

Thus, the statement given in the question is false and hence, option (b) is the correct option.

Comment on incorrect answer : The statement given in the question is false, hence, option (a)

is not correct.

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