Permanent Account Number: PANning on your financial movement

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SummaryThe importance of PAN card has grown over the years, and it is today an essential part of our lives.

is sounded off if a matching PPAN is detected. A duplicate PPAN report is then generated. A new PAN can be allotted only if the Assessing Officer overrides this duplicate PPAN detection.

Thus, the PAN is a key document today and even takes predominance over your name as far as the tax authorities are concerned.

The author is CEO of Bankbazaar.com

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