Quoting of Pan number mandatory

[madhavvan n]

In terms of Section 206AA of Income Tax Act, 1961206(5) effective from 01/04/10 as under: The deductee shall furnish his Permanent Account Number to the deductor and both shall indicate the same in all the correspondence, bills, vouchers and other documents which are sent to each other. In view of the above provision whether it is compulsory to quote the PAN Nos in all correspondence like vouchers , bills since earlier this wording was not mentioned now whether this is compulsory to quote the above

[DEV KUMAR KOTHARI]

Yes, it is mandatory to quote PAN in all refered documents. In view of changing times, it seems that mentioning PAN as part of identity of person on all letter heads, and other documents intended for business or commercial use is desirable. There should not be any problem in quoting PAN. PAN no. can be made a part of own address as well as address slips to whom communication is sent and even in mailing lists. This will increase confidence of the GOI officials.

[DEV KUMAR KOTHARI]

Yes, it will be mandatory to quote PAN in all refered documents.Failing which penatly proceedings may be initiated. In view of changing times, it seems that mentioning PAN as part of identity of person on all letter heads, and other documents intended for business or commercial use is desirable. There should not be any problem in quoting PAN. PAN no. can be made a part of own address as well as address slips to whom communication is sent and even in mailing lists. This will increase confidence of the GOI officials. There is no harm in quoting PAN, it will avoid contingencies of penalty proceedings.

AI Summary

PAN quoting requirement mandates inclusion of PAN on business correspondence and documents, noncompliance may invite penalty proceedings. The deductee must furnish the Permanent Account Number to the deductor and both must indicate that PAN in all correspondence, bills, vouchers and other documents exchanged between them; failure to quote PAN may lead to initiation of penalty proceedings, so inclusion on letterheads, address slips and mailing lists is advised to ensure compliance.