What is PAN?
Key Points
- PAN is a 10-digit alphanumeric identifier issued by the Income Tax Department to every taxpayer.
- PAN is mandatory for filing ITR, opening a bank account, and high-value financial transactions.
- It also serves as the common identifier for TDS, GST, and many other financial transactions.
- PAN is issued via UTIITSL or Protean (formerly NSDL) after Aadhaar-based e-KYC.