PAN card is a mandatory document for financial transactions and identification in India. It is very important to have PAN card for banking, taxation, or other financial operations. When you open a bank account or do any tax related work, first of all you are asked for PAN card. Come, let us know what is the full form of PAN and what is the history of Mahatma Gandhi’s photograph printed on the PAN card.
Why is there Gandhiji’s picture on the PAN card?
In the design of PAN card, Mahatma Gandhi’s picture is seen on both sides. This not only makes it special, but also reflects the Indian identity.
Mahatma Gandhi: Inspiration of India
- Mahatma Gandhi is considered the Father of the Nation of India. His ideals and teachings are a source of inspiration for every Indian.
- His photograph has been added on the PAN card to honor his contribution and make it a symbol of Indian identity.
Gandhiji’s photo for security
- Gandhiji’s photograph has also been included in the PAN card as a security feature.
- This makes it difficult to make fake copies of the PAN card, which helps in preventing fraud.
History of Gandhiji’s photo
The picture of Gandhiji printed on the PAN card is the same as that seen on the Indian currency (Rupee).
- This photo was taken in 1946, and was taken by a famous photographer named Alfred Abel.
- This picture was first used on Indian notes in 1996.
- Later it was also included in other official documents like PAN card.
Full form of PAN: Permanent Account Number
PAN means Permanent Account Number. This is a 10 digit alphanumeric code, which is issued by the Income Tax Department.
Importance of PAN card
- It is a permanent identification number, which links all your financial transactions.
- The government keeps record of your income, tax payments, and financial activities through your PAN number.
- Without it, it is not possible to open a bank account, make large purchases, or file income tax returns.
Uses of PAN Card
- Banking Functions:
PAN card is mandatory for opening a bank account, FD, or other financial services. - Income Tax:
PAN is necessary for filing income tax returns and checking tax details. - Big Purchase:
PAN card is mandatory for property, vehicle, or cash transactions exceeding Rs 50,000. - Security:
PAN card helps in preventing fraud and making financial transactions transparent.