Application For Allotment Of Permanent Account Number: Fill & Download for Free

Today, I’m gonna share about the significance of the 10 digits of your PAN if you are an Indian.Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application.What each character of Indian Permanent Account Number (PAN) means :The first five figures of the representation are alphabets, the next four digits are numbers and the last number is again an alphabet. All these digits have a meaning and reveal the information/details of the account holder.I. 1st-3rd characters:The first three characters, which are alphabets, is a combination of letters in the format AAA to ZZZ. The I.T. Department allocates the digits randomly and is a combination of the letters such as AZT or ZRT.II. 4th character:The fourth digit is an essential character and reveals a lot of information about the holder. The character identifies the account holder’s category. For example, letter “P” in the number states that the holder belongs to the “individual” category, as designated by the I.T. Department. The following is the status assigned by the department authorities based on the details received through the application:P = IndividualsF = FirmC = CompanyH = HUFA = AOP (Association of Persons)T = TrustG = Body of IndividualsL = LocalJ = Artificial Judicial PersonG = GovernmentIII. 5th character:The fifth character in the number is the first letter of the account holder’s surname or last given name. For instance, if the applicant’s name is Shweta Arora, the fifth letter, in this case, will be A.IV. 6th-9th characters:The four numeric digits next in the number are randomly selected numbers between 1001 and 9999.V. 10th character:The final character in the account number is the result of the calculation based on a formula that accommodates all the nine characters.Source:Content - What your PAN card -Permanent Account Number format really means/signifyImage - Online Financial Planning in India - Jagoinvestor , Knowledge Base Software

As per the amended law, after insertion of Section 139AA, every person who is eligible to apply for an Aadhaar Number has to quote his Aadhaar Number or in case Aadhaar Number is not available then the Aadhaar Enrollment number in the Form No. 49A, which is the application form for allotment of Permanent Number. So unless your total stay in India has not been more than 182 days as on the date of application for Permanent Account Number (PAN), you will have to it mentioned the Aadhaar Number or Aadhaar Enrollment number in it.

Annoyed with several calls and messages requiring your services to be linked with your Aadhaar number ?(Don't ignore the key takeaway towards the end.)Here is some good news for several such Indians.The recent verdict by ‘The Honourable Supreme Court Of India' on the applicability of Aadhaar:-Aadhaar mandatory for:-Filing Income Tax returns.Allotment of ‘Permanent Account Number' (PAN).Aadhaar not mandatory to:-Access services from private entities, be like being a mobile subscriber.Be linked with the bank accounts.School admissions, as also for the examinations conducted by the Central Board of Secondary Examination, National Eligibility cum Entrance Test for Medical entrance and the University Grants Commission.Access benefits under social sector schemes.Safeguards voiced as being perfect by the court:-Aadhaar can not be duplicated as there are sufficient safeguards to protect data collected under the Aadhaar scheme.Government to ensure illegal migrants are not issued Aadhaar.Nothing in the act has been ascertained to have been violating privacy of the individual.Peace ?(KEY TAKEAWAY:-Aadhaar is necessary to get a PAN card.PAN is necessary to open a bank account.Thus, Aadhaar becomes necessary to obtain a bank account !!Isn't it?)