What is PAN Number for the Indian user and is it necessary?

Discussion in 'PayPal' started by kisantari, Jul 30, 2010.

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  1. #1
    PayPal says to inter PAN number every time i open my account.

    What is PAN Number for the Indian users and is it necessary?

    If i am unable to provide PAN number, what will be the result in future?
     
    kisantari, Jul 30, 2010 IP
  2. RightMan

    RightMan Notable Member

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    #2
    PAN is short form of 'Permanent Account Number'. It is issued for the income tax purpose to Indian residents by its government. I guess.... Paypal would make it mandatory for Indian accounts to have the same for bank withdrawal... in future.

    Regards,

    RightMan
     
    RightMan, Jul 30, 2010 IP
  3. ifreakz

    ifreakz Well-Known Member

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    #3
    PAN is not really related to income tax, That's TAN. Pan is for the identity of a person to the gift. A small kid can also have a PAN card. I had it when i was 16 :)
     
    ifreakz, Jul 30, 2010 IP
  4. RightMan

    RightMan Notable Member

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    #4
    What is TAN?? Never heard about it! :confused:
    FYI... PAN number was devised for the sole purpose of income tax and it has been used extensively by IT department to track the transactions/deals of each and every individual.

    Regards,

    RightMan
     
    RightMan, Jul 31, 2010 IP
  5. Moses8595

    Moses8595 Peon

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    #5
    TAN=Tax Deduction Account Number
     
    Moses8595, Jul 31, 2010 IP
  6. theonly1

    theonly1 Active Member

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    #6
    Hard to believe an Indian do not know about PAN!
     
    theonly1, Jul 31, 2010 IP
  7. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #7
    There are so many in this group.

    DON.
     
    deluxdon, Jul 31, 2010 IP
  8. kisantari

    kisantari Peon

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    #8
    Thanks for all replies.
    Can we enter anyone's PAN number in our paypal account?
     
    kisantari, Jul 31, 2010 IP
  9. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #9
    Maybe yes but be prepared for any issue arise in the near future due to that.

    DON.
     
    deluxdon, Jul 31, 2010 IP
  10. nitinleew

    nitinleew Well-Known Member

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    #10
    I think PAN name must match PayPal name..:)
     
    nitinleew, Jul 31, 2010 IP
  11. sweatlana

    sweatlana Well-Known Member

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    #11
    yes I am agree with Rightman , always do great job
     
    sweatlana, Jul 31, 2010 IP
  12. raja

    raja Well-Known Member

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    #12
    Nope u cant.It wont allow if u add some ones PAN car.The names must match
     
    raja, Jul 31, 2010 IP
  13. And

    And Peon

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    #13
    It is very risky to enter anybodys Pan card number into your paypal account.The name on PAN card must match name on paypal account and bank account.
     
    And, Jul 31, 2010 IP
  14. bloodmage478

    bloodmage478 Member

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    #14
    Entering a different PAN card & using your name in paypal account will get your account limited in first transaction.
    Get a PAN card and you have to stick with that PAN based paypal account
     
    bloodmage478, Aug 1, 2010 IP