Avoid using PAN card | Indentity proof | New Rules & Limits

Avoid using PAN card | Indentity proof | New Rules & Limits | Certicom

Know where to quote your PAN – New Rules & Limits

Avoid using PAN card as a birth certificate – Say that the PAN is over

PAN (permanent account number) was established in early 1972 (long series format). The PAN card is very important and has a “document”. It provides the Income Tax (IT) department to link all financial transactions to a person with a department.

The PAN card should only be used when required by the Ministry of Finance and other defined rules at any time. If you use the PAN card as proof of Identity, there are likely to be a misuse of financial fraud, crime and fraud. It can be used to fulfil bench sales.

It is therefore important to know when and when the PAN number will be used.

What is the PAN Card?

PAN has a maximum of 10 digit code, issued by a card condition by the Department of Finance. PAN works to link different documents; paying individual taxes, investment information, borrowing etc.,

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