In India Pan Card(permanent account number) is a way of identifying the Tax payer on the computer system through unique number to know all information about the tax payer like
1.Taxes Paid
2.Refunds issued
3.Out standing arrears
4.Income disclosed
5.Transactions entered
All the above are connected to him through Computer System.
Identify Tax Payer in Old System In India:
Previously the Income Tax Department identified the assesse through their General index number(GIR).The GIR number was alloted to tax assessee by the assessing officer and it included in the assessing officer information.It was basically a manual system.
One More is The GIR Number not unique throughout the country,it is only unique under the particular assessing officer ward or circle.It results the chances of errors and miscalculations at the time of tax calculations.
To Overcome this type of Problems,Permanent account number(old series of pan) was first introduced in 1972.Beginning days it was a voluntary process.After that pan card was mandatory
for all individuals under section 139A of the Income Tax Act, 1961 w.e.f. 01 April 1976.
Initially the permanent account numbers allotted manually.Each ward/circle received a set of numbers to avoid duplication.Due to Huge number of problems associated with It,the series is stopped in the year 1995 on wards.
The Pan under Old Series was failed due to the following Reasons:
1.Proper database not maintained to the data of the pan holders.
2.The data was limited to few parameters like Name,Address,Status and Designation of A.O and also Data Captured on the computer system was not structured.
3. No centralized authority to issue the pan cards.In this regard it is possibility the different pan centers issue same pan number to different people and also the people have a chance to apply the pan card at various centers and get a unique pan form each center.
4.the pan number was not permanent,depending on the holders address the number also changed.
New Series Of Pan Cards In India:
The way of registering tax payers in olden days was general index number(GIR) which was replaced by the permanent account number in 1972. the old series of pan which was needed some improvements and drawbacks.
tax payer who paid taxes or monetary transactions anywhere in india needed a unique tax payer identification number for linking and processing related to taxpayers documents or transactions on computers and also for data matching.
So, A new series of the permanent account numbers was introduced to which took care of these limitations.Allotment of new series of Pan cards issued to persons under amended section 139A with effective from 1st July,1995.
Applications for allotment of new series of pan card were mandatory in Delhi,Mumbai and Chennai w.e.f 01.06.1996 and rest of the india new pan card series issued from 11.02.1998.
previous pan card are issued with laminated in block and white colour.From 1st,july 2003 the new style of pan cards are issued.the pan cards had color photograph with security feature such as hologram to prevent tampering of the pan card.
Even though new pan card are issued from July 2003 old pan cards are also considered to be valid.
those who carrying old type of pan card can get the new pan card but the number is remain same.
Objectives Behind Introducing New pan series in India:
1.To provide a facility for linking past and current transactions and all tax information like Payment of Taxes,arrears,assessment and tax demand etc. to a single identification number.
2.Launch of new pan series segregation and recording of the data is more effective manner.data retrieving is easy from the central base.
3.All financial transactions about tax payer like loan details,debit and credit details,investment and other business details are captured from internal and external sources which are mapped to single pan are tracked.In this result the person not evade the tax.
New series of pan card structure:
the following permanent parameters of a pan card are issued under new pan card series.
1.Full Name of The Tax payer
2.father name(For married ladies also father name mandatory.now these days mother name is included.Customers choice to give mother name and father name.)
3.Date Of Birth/Date Of Incorporation
4.Permanent account number(PAN)
5.Signature of the tax payer
6.Photograph(Right side under pan card)
the above 6 fields are the core fields.pan card is not issued with out the above details.
For uniqueness the customized application system centrally allotted a pan number under new pan card series.The system automatically generates a 10 digit pan number using above 5 fields.
Pan has the following structure:
"APSPL1234Q"
HERE "APS" Means "alphabetic series running From AAA to ZZZ.
"P" Means "status of the applicant.
"L" Means "First character of the assess sur name/last name
"1234" Means "Sequential number running from 0001 to 9999
"Q" Means "alphabetic check digit"
The phonetic pan(PPAN) Is a new method to prevent allotment of more than one pan card to similar or same name.Based on internal algorithm and some important key fields of assesee AIS workout on the PPAN.The PPAN of the assessee compared with the PPAN of the assessies whom pan has been allotted all over the nation,at the time of pan allotment.
If a matching PPAN is found then a warning is given to the user and Duplicate PPAN Data is Generated.In that cases,a new pan can only be allotted if the assessing officer chooses to override the duplicate PPAN detection.
A Unique pan can be allotted to under 17 core taxpayers under each alphabet under each status(i.e. Individual,Huf,partnership,firm,company,trust,body of individuals and association of persons etc.)
PAN CARDS ISSUED IN INDIA:
All individual taxpayers pan card issued with their pan card number, name,father name,date of birth,signature,pan number and photograph are mentioned.Pan card issued with out photograph and signature for non individual tax payers.
The photo graph and signature of the pan card are scanned and stored in the computer center and also pan cards are issued and printed from the computer center. the permanent details of the persons are printed on the card.
Individual pan cards in india contain:
1.pan number(with built in status of the assessee and check alphabet)
2.full name
3.full name of the father
4.date of birth
5.Signature
6.photograph
other than individual pan cards contain:
1.pan(with built in status of the assessee and check alphabet)
2.full name
3.date of incorporation
Address is not printed on the pan card.the director,partners and members of huf are not printed on the pan card.how ever the directors,partners and members of the pan card are issued for their individual capacity.
the persons required to apply for pan card are
1.the persons who are already assessed or assess to income tax
2.persons doing any business or professions where gross turnover/receipts/sales are exceed above 500000/-.in any previous years.
3.trusts
4.any class or classes of persons payable tax under income tax act
the assessing officer allots the pan number to the persons whom tax is payable under income tax act and also the person applying to the pan card ,assessing officer issued the pan card.
Track your pan status from NSDL:TRACK PAN CARD STATUS
Track your pan status from UTITSL:TRACK PAN CARD STATUS
1.Taxes Paid
2.Refunds issued
3.Out standing arrears
4.Income disclosed
5.Transactions entered
All the above are connected to him through Computer System.
Identify Tax Payer in Old System In India:
Previously the Income Tax Department identified the assesse through their General index number(GIR).The GIR number was alloted to tax assessee by the assessing officer and it included in the assessing officer information.It was basically a manual system.
One More is The GIR Number not unique throughout the country,it is only unique under the particular assessing officer ward or circle.It results the chances of errors and miscalculations at the time of tax calculations.
To Overcome this type of Problems,Permanent account number(old series of pan) was first introduced in 1972.Beginning days it was a voluntary process.After that pan card was mandatory
for all individuals under section 139A of the Income Tax Act, 1961 w.e.f. 01 April 1976.
Initially the permanent account numbers allotted manually.Each ward/circle received a set of numbers to avoid duplication.Due to Huge number of problems associated with It,the series is stopped in the year 1995 on wards.
The Pan under Old Series was failed due to the following Reasons:
1.Proper database not maintained to the data of the pan holders.
2.The data was limited to few parameters like Name,Address,Status and Designation of A.O and also Data Captured on the computer system was not structured.
3. No centralized authority to issue the pan cards.In this regard it is possibility the different pan centers issue same pan number to different people and also the people have a chance to apply the pan card at various centers and get a unique pan form each center.
4.the pan number was not permanent,depending on the holders address the number also changed.
New Series Of Pan Cards In India:
The way of registering tax payers in olden days was general index number(GIR) which was replaced by the permanent account number in 1972. the old series of pan which was needed some improvements and drawbacks.
tax payer who paid taxes or monetary transactions anywhere in india needed a unique tax payer identification number for linking and processing related to taxpayers documents or transactions on computers and also for data matching.
So, A new series of the permanent account numbers was introduced to which took care of these limitations.Allotment of new series of Pan cards issued to persons under amended section 139A with effective from 1st July,1995.
Applications for allotment of new series of pan card were mandatory in Delhi,Mumbai and Chennai w.e.f 01.06.1996 and rest of the india new pan card series issued from 11.02.1998.
previous pan card are issued with laminated in block and white colour.From 1st,july 2003 the new style of pan cards are issued.the pan cards had color photograph with security feature such as hologram to prevent tampering of the pan card.
Even though new pan card are issued from July 2003 old pan cards are also considered to be valid.
those who carrying old type of pan card can get the new pan card but the number is remain same.
Objectives Behind Introducing New pan series in India:
1.To provide a facility for linking past and current transactions and all tax information like Payment of Taxes,arrears,assessment and tax demand etc. to a single identification number.
2.Launch of new pan series segregation and recording of the data is more effective manner.data retrieving is easy from the central base.
3.All financial transactions about tax payer like loan details,debit and credit details,investment and other business details are captured from internal and external sources which are mapped to single pan are tracked.In this result the person not evade the tax.
New series of pan card structure:
the following permanent parameters of a pan card are issued under new pan card series.
1.Full Name of The Tax payer
2.father name(For married ladies also father name mandatory.now these days mother name is included.Customers choice to give mother name and father name.)
3.Date Of Birth/Date Of Incorporation
4.Permanent account number(PAN)
5.Signature of the tax payer
6.Photograph(Right side under pan card)
the above 6 fields are the core fields.pan card is not issued with out the above details.
For uniqueness the customized application system centrally allotted a pan number under new pan card series.The system automatically generates a 10 digit pan number using above 5 fields.
Pan has the following structure:
"APSPL1234Q"
HERE "APS" Means "alphabetic series running From AAA to ZZZ.
"P" Means "status of the applicant.
"L" Means "First character of the assess sur name/last name
"1234" Means "Sequential number running from 0001 to 9999
"Q" Means "alphabetic check digit"
The phonetic pan(PPAN) Is a new method to prevent allotment of more than one pan card to similar or same name.Based on internal algorithm and some important key fields of assesee AIS workout on the PPAN.The PPAN of the assessee compared with the PPAN of the assessies whom pan has been allotted all over the nation,at the time of pan allotment.
If a matching PPAN is found then a warning is given to the user and Duplicate PPAN Data is Generated.In that cases,a new pan can only be allotted if the assessing officer chooses to override the duplicate PPAN detection.
A Unique pan can be allotted to under 17 core taxpayers under each alphabet under each status(i.e. Individual,Huf,partnership,firm,company,trust,body of individuals and association of persons etc.)
PAN CARDS ISSUED IN INDIA:
All individual taxpayers pan card issued with their pan card number, name,father name,date of birth,signature,pan number and photograph are mentioned.Pan card issued with out photograph and signature for non individual tax payers.
The photo graph and signature of the pan card are scanned and stored in the computer center and also pan cards are issued and printed from the computer center. the permanent details of the persons are printed on the card.
Individual pan cards in india contain:
1.pan number(with built in status of the assessee and check alphabet)
2.full name
3.full name of the father
4.date of birth
5.Signature
6.photograph
other than individual pan cards contain:
1.pan(with built in status of the assessee and check alphabet)
2.full name
3.date of incorporation
Address is not printed on the pan card.the director,partners and members of huf are not printed on the pan card.how ever the directors,partners and members of the pan card are issued for their individual capacity.
the persons required to apply for pan card are
1.the persons who are already assessed or assess to income tax
2.persons doing any business or professions where gross turnover/receipts/sales are exceed above 500000/-.in any previous years.
3.trusts
4.any class or classes of persons payable tax under income tax act
the assessing officer allots the pan number to the persons whom tax is payable under income tax act and also the person applying to the pan card ,assessing officer issued the pan card.
Track your pan status from NSDL:TRACK PAN CARD STATUS
Track your pan status from UTITSL:TRACK PAN CARD STATUS
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