A PAN (Permanent Account Number) is a 10 Digit AlphaNumeric number. The pattern of a PAN number is first 5 are the alphabets than the next four number and 1 alphabet (AAAAA1111A). It is mandated by the RBI (Reserve Bank of India) and the Government of India for every individual, company, firm or trust to present the PAN card in front of the bank while opening the bank account. A PAN card is a necessary document for tracking the status of financial transactions related to ITR filing. Also, it is vital for company registration procedure in order to keep a track of tax payments made by businesses who have enrolled themselves under the GST registration procedure .
A PAN card is valid for lifetime. Also, PAN card is never gets affected by the changes made in the address of the individual, company, firm or trust as no address is mentioned on the PAN card.
Once the application is accepted a acknowledgement number is provided to each applicant. The application can be tracked via various means. These includes:
Step 1 – Visit the TIN website
Step 2 - Click on the name option.
Step 3 - fill in all the information as asked(Please note this information should be same as details mentioned int he PAN Application). These details should be the applicants' First name, Middle name and Last name
Step 4 - Fill in the Date of Birth. This details should be the same as it was filed by the applicant for PAn card application.
Step 5 - Click Submit.
This article has been contributed by Gaurav Rawat who is a content writer with LegalRaasta. Legal Raasta is an online portal that assists companies and startups with Company registration, FSSAI Registration, NBFC Registration, ISO Certification and ITR filing.