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Even just sharing your PAN number with someone whom you can’t trust is also not good. So avoid sharing PAN number also. Some suspicious persons may try to trace your PAN if they know some basic details about you. Like your surname, date of birth and in some cases your father’s name.
What information can we get from PAN number?
Last character, i.e., the tenth character is an alphabetic check digit. PAN enables the department to identify/ link all transactions of the PAN holder with the department. These transactions include tax payments, TDS/TCS credits, returns of income, specified transactions, correspondence etc, and so on.
How can Aadhar number be misused?
However, if your Aadhaar card information is leaked, it can be used against you. However, if your Aadhaar card information is leaked, it can be used against you. UIDAI helps in finding out where your Aadhaar card is being used.
Is it risky to share your PAN number online?
Its risky to share your PAN number online or offline as this can be misused.One good example is – Government has made it mandatory to provide PAN number, if you are buying gold jewellery for more than INR 1 lakh. Your PAN number can easily be misused in dubious transactions done by others.
What is a pan number?
Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number..
What happens if someone misuses your PAN number?
But those who don’t know about it at all may not even find out that someone else is misusing their PAN. So if suspicious activity is being performed by that PAN, income tax accessing officer may later call the PAN number person and ask him/her regarding that transaction. You may be totally innocent but still you have to face tax department.
Is it safe to give out your PAN card number?
PAN Number is not like Credit Card or Debit card number. So in terms of SAFE, yes its safe, until its given on a site, where PAN is a important/key requirement. With PAN the most accessible data is your Past Records of loans etc. But with PAN no body can access your bank account.