Term

PAN

Permanent Account Number: a 10-character ID issued by the Income Tax Department.

Pending professional review. This content was drafted with Claude from official sources and has not yet been reviewed by an ArthaKara professional. Verify against the official sources before relying on it.
Simple meaningPermanent Account Number: a 10-character ID issued by the Income Tax Department.
Relevant ActIncome-tax Act, 1961
Section / ruleSection 139A

Technical meaning

Permanent Account Number allotted under the Act, required for filing returns and quoting in specified transactions.

Practical example

A PAN is needed to open a demat account or file an ITR.

Related terms

Official reference

Income-tax Act, 1961, Section 139A

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