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What is Pan Card

  • Pan Card is the Registration number in Income tax
  • It is of 10 digits
  • 5 Alphabets+4 Numbers+1Alphabet
  • It can be obtained by Individuals as well as partnership firm and companies .
  • A person and his proprietorship firm has same pan number.However if it is partnership or company,then separate pan number is to be obtained

 

For Example

Name

Constitution

Pan No.

Remarks

Maninder Singh

 

Individual

BBUPS5192K

Same Pan no for both Individual or Proprietorship

Maninder Singh & Co

 

Proprietorship

 

BBUPS5192K

Maninder Singh & Co

 

Partnership

ABAFM7654K

Different Pan no for Partner and his Partnership

Maninder Singh Private Limited

 

Company

AJACM7654M

Different Pan no for Individual and his Company

 

Pan Card has

  • Name
  • Pan No
  • Date of Birth for Individuals
  • (In case of firms,date of partnership deed and companies, date of incorporation)

Note :-It does not contain address, hence it is only ID Proof and not address proof

 

Examples

 

4 th Digit of Pan Card

P-Personal/Proprietor

F-Partnership Firm

C:- Company

 

5 th Digit of Pan Card

It is the First Alphabet of Surname in case of Individual

It is the First Alphabet of Name in case of Parnership/Firm

  1. Practical Income Tax
  2. E-filing Procedure
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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