To modernise India’s tax administration, the Union Cabinet has approved PAN 2.0, the upgrade of PAN services. The new upgrade will feature streamlining of registration and verification processes using cutting-edge technology.
PAN is a 10 character alpha-numeric number. Each letter represents information. PAN card also serves as proof of the signature of the person required for various financial transactions.
Do you hold PAN or Permanent Account Number? Then this news is very important for you. PAN serves as a unique number for an income tax-payer. A ten-character alphanumeric identifier, PAN is a means of identifying various taxpayers in the country and no one is allowed to hold more than one PAN number. Even, no two individuals or entities are allowed to hold the same PAN number as per the income tax norms.
New Delhi: Retirement fund body EPFO will start providing permanent account numbers on the pattern of core banking services to its over five crore subscribers from October this year. Permanent or universal account number (UAN) will
Top News
Latest News
