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The individual identifying number given by the IT Department to each taxpayer's personal tax account owned by the government is known as the Permanent Account Number (PAN). Since the PAN card links each individual taxpayer's financial transactions to them individually and contains all of the taxpayer's tax-related information in one location, it enables the Income Tax Department to keep thorough records for each taxpayer, helping to significantly lower instances of tax fraud and default as well as tax evasion.
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Lawgicalindia
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