by Audit Analyst | Dec 18, 2025 | PAN
Is PAN Required for Receiving Gratuity in India Yes, PAN (Permanent Account Number) is generally required for receiving gratuity, especially when the gratuity amount is taxable or crosses the exemption threshold. Submitting your PAN ensures proper tax deduction (if...
by Audit Analyst | Dec 18, 2025 | PAN
What Is the PAN Role in Inheritance Tax Matters in India While India does not currently levy inheritance tax, PAN (Permanent Account Number) plays a critical role in ensuring transparent reporting, asset transfer validation, and tax compliance when an individual...
by Audit Analyst | Dec 18, 2025 | PAN
Can PAN Be Used to Report Foreign Holdings in India Yes, PAN (Permanent Account Number) is an essential identifier for reporting foreign holdings in India. It is used when individuals and entities declare foreign assets, bank accounts, or financial interests in their...
by Audit Analyst | Dec 18, 2025 | PAN
How Is PAN Used in Black Money Investigation in India The Permanent Account Number (PAN) is a critical tool for the Income Tax Department and enforcement agencies in tracking and investigating black money. PAN helps trace undisclosed income, unaccounted wealth, and...
by Audit Analyst | Dec 18, 2025 | PAN
Can Two People Have Similar PAN Numbers in India? No, each PAN (Permanent Account Number) issued by the Income Tax Department is unique and designed to distinctly identify individuals or entities. While PANs follow a standard format, no two people can legally have the...
