sir, gud evng....
plz give me the information about PAN card?
plz give me clear cut information sir.....
1.wat is PAN?
2.wat is the use of PAN?
3.how to recover my tax amount?
plz give me the details full information about it as soon as much sir.....
PAN means Permanent Account Number.
It consisits of unique alphanumeric combination issued persons identifiable under the Indian Income Tax Act 1961.
It is almost equivalent to a national identification number and also serves as an important ID proof.
This number is almost mandatory for financial transactions such as opening a bank account, receiving taxable salary or professional fees, sale or purchase of assets above specified limits.
The primary purpose of PAN is to bring a universal identification key factor for all financial transactions and indirectly prevent tax evasion by keeping a track of monetary transactions of high net worth individuals.
you need to file Income Tax return if your income is taxable in which u have to make full assessment of your income and tax payable thereon and if excess tax is deducted than payable than in this case refund will be issued to you.
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