by Audit Analyst | Dec 18, 2025 | PAN
What Is the e-Filing Password Format Based on PAN in India? The Income Tax Department assigns a default password for users logging into the e-Filing portal for the first time or downloading certain documents like Form 26AS, intimation orders, or ITR-V. This password...
by Audit Analyst | Dec 18, 2025 | PAN
What Is the Penalty for Non-Quoting of PAN in Tax Forms in India? PAN (Permanent Account Number) is a mandatory identification tool under the Income Tax Act for a wide range of financial and tax-related activities. Failure to quote PAN, or quoting an incorrect PAN in...
by Audit Analyst | Dec 18, 2025 | PAN
Can a Company Hold Multiple PANs in India? No, a company is not legally allowed to hold more than one PAN (Permanent Account Number) under Indian tax law. Every company registered in India, regardless of its business type or size, is issued a single, unique PAN that...
by Audit Analyst | Dec 18, 2025 | PAN
Is PAN Required to Declare Foreign Income in India? Yes, PAN (Permanent Account Number) is mandatory for declaring foreign income in India if you are a resident taxpayer or required to file income tax returns under Indian law. PAN ensures accurate tracking,...
by Audit Analyst | Dec 18, 2025 | PAN
How to Update PAN Details in Bank Records in India Updating your PAN (Permanent Account Number) in bank records is essential for income tax compliance, TDS credit, high-value transactions, and linking your bank account to the Income Tax Department for refunds. Most...
