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Thursday, January 21, 2010

How to Get a PAN Card or the PAN Number from India?

PAN stands for Permanent Account Number (PAN) which is a 10 digit alphanumeric number issued by the Income Tax Authority of India in the form of a laminated card. It’s compulsory to quote PAN in all financial & investment related plus tax related transactions carried in India & on return of income. It can be considered as a Indian TAX number, like a SSN in the U.S.A.

Due to the interest rates in India, many Indians that are living in the US and many other countries are investing money into India. The interest rates in India are 5% higher than in the US. Although many Indians are investing in India, there are some things that they must take care of before doing so. The first thing that you will need is a PAN card. PAN stands for Permanent Account Number. It is required, when investing as well as many other things, which all Indians can quote their PAN. I can let you know the procedure for obtaining a PAN card in this article itself. [READ FULL STORY]

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