Know Your Status by 4th Character of Your PAN Card

 

The fourth character of a PAN (Permanent Account Number) card is a letter that represents the status of the cardholder. The PAN card is issued by the Income Tax Department of India and is used for various financial transactions such as opening a bank account, filing income tax returns, and so on. The fourth character of the PAN card is used to classify the cardholder into different categories based on their status.

The different characters and their meanings are as follows:

PAN 4th Letter	Details
P	The letter 'P' is used for individuals. This includes natural persons, sole proprietors, and individual partners of a partnership firm.
F	The letter 'F' is used for firms. This includes partnership firms, LLP (Limited Liability Partnership) and LLP partners
C	The letter 'C' is used for companies. This includes private limited companies, public limited companies, and One Person Companies (OPC)
H	The letter 'H' is used for Hindu Undivided Family (HUF). This is a legal entity that is treated as a separate entity for tax purposes, consisting of a group of persons who are lineally descended from a common ancestor and includes their wives and unmarried daughters.
A	The letter 'A' is used for Association of Persons (AOP). This includes groups of individuals who come together for a common purpose and do not have a legal status.
T	The letter 'T' is used for Trusts. This includes charitable trusts, religious trusts, and trusts set up for specific purposes.
B	The letter 'B' is used for Body of Individuals (BOI). This includes clubs, societies, and other unincorporated associations.
L	The letter 'L' is used for Local Authority. This includes Municipalities, Panchayats, and other local bodies.
J	The letter 'J' is used for Artificial Juridical Person. This includes universities, hospitals, and other institutions that are considered legal entities.
G	The letter 'G' is used for Government. This includes central and state government departments and their organizations.

 

It's important to note that PAN is mandatory for certain transactions as per the Income Tax Act,1961 and non-compliance attracts penalty.