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Categories >> Accounting >> Accounting AllOther
 


 

 
Question PAN stands for Permanent Account No
A 11 digit PAN have some significance. i.e If a Pan starts
from A then A stands for something. Can anybody tell me
what the charaters in the PAN whether number or alphabet
signify?
 Question Asked In Companies :: ABC,     < I also faced this Question! >
 Question Submitted By :: kamarjitk
  Answer Posted By  
 
Answer
First of all PAN Number is a 10 digit unique number which
comprises of 5 Alpha digits then 4 numeric and last again
alpha digit.

The first three characters in PAN number are unique series
provided by the authority.

The 4th alphabet in the PAN is based on the type of
assessee i.e. either company, individual, HUF, etc etc

The 5th digit in the PAN is the assessee last name/surname
first character..say if its Somesh Chauhan, the 5th will
be 'C'.

Is This Answer Correct ?    9 Yes 2 No


 
  jitin
 
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