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Question
What does the letter P denote in the term 'PAN', which is issued by the Income Tax Department?
What does the letter P denote in the term 'PAN', which is issued by the Income Tax Department?
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Solution
The correct option is C Permanent
Full form of PAN is Permanent Account Number. It is a number issued by Income Tax Department to their tax payers. Every tax payer has to mention this PAN in the tax return filed every year. It is being used as measure to cheek tax evasion.
Full form of PAN is Permanent Account Number. It is a number issued by Income Tax Department to their tax payers. Every tax payer has to mention this PAN in the tax return filed every year. It is being used as measure to cheek tax evasion.
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