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CS Executive · Setting Up of Business, Industrial and Labour Laws · Various Initial Registrations and Licenses

Kavita Foods Pvt Ltd was incorporated last month and holds a PAN allotted along with its certificate of incorporation. Which feature of PAN is correctly described?

PAN is a ten-character alphanumeric number allotted to a person once and valid for life. It does not require renewal and does not change if the registered office shifts to another state. Numeric twelve-digit numbers resemble Aadhaar, and deduction-related numbers describe TAN instead.

  1. AIt is a ten-character alphanumeric number that is allotted to a person once and remains valid for lifeCorrect
  2. BIt is a twelve-digit numeric number that must be renewed every five years
  3. CIt is a ten-character number that changes whenever the registered office moves to another state
  4. DIt is a ten-digit numeric number linked to the deductor's TDS filings

Explanation

PAN is a ten-character alphanumeric identifier, allotted once to a person and not changed on relocation. It does not need periodic renewal. The twelve-digit option resembles Aadhaar, and TDS linkage describes TAN.

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