Taxation In NepalTU Board 2082
What do you mean by Permanent Account Number (PAN)?
2Answer
Permanent Account Number (PAN) is a unique ten‑digit alphanumeric identifier issued by the Income Tax Department of Nepal to every taxpayer. It serves as a permanent identity for tax records, enabling the government to track income, assess tax liabilities, and prevent tax evasion. PAN is required for filing returns, opening bank accounts, and conducting financial transactions above specified limits. It remains unchanged throughout a taxpayer’s life, ensuring continuity of tax history and facilitating electronic processing of tax documents.
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