PAN (Permanent Account Number) is a 10-digit alphanumeric identity number issued by the Income Tax Department of India to individuals and entities.

Purpose of PAN:

• • To identify taxpayers
  • To track financial transactions

• To file Income Tax Returns (ITR)

• To pay taxes and claim refunds

Who Needs PAN:

• Individuals
• Companies
• Firms, Trusts, LLPs
• Anyone with taxable income or high-value transactions

Summary
PAN is a unique financial identity required for income tax and major financial activities in India.