Digital-Divide/D0/Introduction-to-PAN-Card/English-timed

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Time' Narration
00:01 Welcome to the Spoken Tutorial on Introduction to PAN card
00:07 In this tutorial we will learn
00:10 -About PAN card
00:12 -Structure and Validation of PAN card
00:16 -Need for a PAN card and
00:19 -To know your PAN card
00:22 PAN stands for Permanent Account Number
00:28 This is how a PAN Card looks like.
00:34 It is a ten digit alphanumeric combination issued to all juristic entities
00:42 It is issued by the Indian Income Tax Department
00:47 The most important purpose of allotting PAN card is
00:52 For the purpose of identification and
00:57 To track all the monetary information of that entity.
01:04 Facts about pan card. PAN is unique, national and permanent
01:12 It is unaffected by the change of address
01:16 It is illegal to own more than one PAN
01:21 Who all can get a pan card?
  • Person
  • Company
  • HUFi.e Hindu Un-divided Family.
  • Trust and many other bodies
01:38 Why do we need a PAN card?PAN card acts as an important photo-ID proof


01:47 PAN card helps in transactions like opening a bank account, …..
01:56 ….buying or selling of assets, etc.
02:01 Pan Card is used for accounting purposes on receivable taxable salary
02:09 Aids in filing of Income Tax Returns
02:13 Used as a documentary proof for opening DEMAT Account for share trading
02:21 It is used as a documentary proof for bank withdrawals exceeding Rs.50, 000


02:29 It is a tool that helps the IT Dept to keep a check over tax defaulters.
02:37 This is done by indirectly tracking their credit history.
02:43 Used as a documentary proof for availing TDS (Tax Deductions at Source)


02:52 Documentary evidence to apply for passport, …..


02:57 address changes …..
02:59 …...and for obtaining other such relevant documents


03:04 For fixed deposits of more than Rs.50,000
03:12 Payment to hotel bills and travel expenses exceeding Rs.25,000
03:21 Application for issue of a credit card
03:31 Application of telephone connection
03:39 PAN structure is as follows: AAAAA9999A
03:43 First five characters are letters, next 4 numerals, last character letter.
03:52 The first three letters are sequence of alphabets from AAA to ZZZ.
04:01 The fourth character informs about the type of holder of the Card. Each assess is uniquely
  • P for Person
  • C for Company
  • H for HUF(Hindu Undivided Family)
  • Ffor Firm
  • A for Association of Persons (AOP)
  • T for AOP (Trust)
  • B for Body of Individuals (BOI)
  • L for Local Authority
  • J for Artificial Juridical Person and
  • G for Government
04:44 The fifth character of the PAN is
04:47 (a) the first character of the surname / last name of the person, in the case of a "Personal" PAN card
04:55 In the image shown, the surname is Yadav. Therefore, the 5th character is Y. or
05:04 (b) the name of the Entity/ Trust/ Society/ Organization in the case of Company/ HUF/ Firm or any other types of PAN Cards.
05:18 In the image shown, the name of the trust is Shanoz. Therefore, the 5 th character is S.
05:27 The last character is an alphabetic check digit.


05:32 The DOI (Date of Issue) of PAN card is mentioned at the right (vertical) hand side of the PAN card.


05:40 You can verify or validate new and existing PAN numbers by visiting the following link:

https://incometaxindiaefiling.gov.in/e-Filing/Services/KnowYourPanLink.html

05:54 In this tutorial we have learnt
05:57 -About PAN card
05:59 -Structure and Validation of PAN card
06:03 -Need for a PAN card and
06:05 -To know your PAN card


06:08 Watch the video available at the following lin:http://spoken-tutorial.org/What_is_a_Spoken_Tutorial


06:13 • It summarizes the Spoken Tutorial project


06:18 • If you do not have good bandwidth, you can download and watch it



06:25 The Spoken Tutorial Project Team


06:27 • Conducts workshops using spoken tutorials


06:31 • Gives certificates for those who pass an online test
06:37 • For more details, please write to contact@spoken-tutorial.org



06:45 Spoken Tutorial Project is a part of the Talk to a Teacher project


06:50 It is supported by the National Mission on Education through ICT, MHRD, Government of India


06:58 More information on this Mission is available at http://spoken-tutorial.org/NMEICT-Intro
07:10 We have come to the end of this tutorial.


07:13 This is Arthi signing off from IIT Bombay


Thanks for Joining

Contributors and Content Editors

Gaurav, PoojaMoolya, Sandhya.np14, Sneha