PAN - Permanent Account Number

* It is the form of identity

* For filling tax returns it is mandatory

* For opening bank accounts, for any transactions, any transfer of funds exceeding rs.25000 and withdrawal of rs.50000 requires PAN card.

Exemptions of PAN

* Submit form 60 and 61 can be used instead of PAN

* Service tax is very compulsory even for gettig Phone Connection and for Pass Book

Format

Form 49A is hte prescribed form of PAN, and this can be downloaded from the net.

Proof to be submitted

* Voters ID card

* Photo

* Bank PassBook

* Birth Certificate

* Credit Card Statement