What is the purpose of Permanent Account Number (PAN) under new series?
Permanent Account Number is your account number or say your file number with Income Tax department .So PAN helps you in dealing with the Income Tax Department as well as with other Govt. Organisations. New series PAN represents your identity , location, & income tax office under whom you will be assessed.. So by using this new PAN you can file your return anywhere in India . You must, however, intimate your Assessing Officer for transfer of your PAN and other records to your new Assessing Officer. Ultimately your return will go to your Income tax file with Income Tax Deptt. on the basis of PAN.
