Permanent account number (PAN) is a ten-character identifier, issued in the form of a 'PAN card' identifier set by the Indian Revenue Department, to any 'person' who applies or that department assigns a number out of order.
PAN is mandatory for opening bank accounts. PAN is also mandatory for ITR filings. It also acts as an identity proof. PAN is mandatory for tax deductions. It also is required for claiming income tax refunds. It is also required for purchase and sale of assets.
PAN standard increases industry's credibility by showing its customers that their services and products meet customer's expectations. In other cases ISO Certifications are also required or mandated legally.The certification process is fairly easy and simple. For more Information Kindly Get In Touch.
